Examples of Prepaid Royalty in a sentence
Any excess royalty amount for a particular Royalty Period that is paid from the Pre-paid Royalty shall not reduce the Guaranteed Minimum Royalty set forth above for later Royalty Periods.
In the event that Actual Royalties due from ATMI to IM are in excess of the Pre-paid Royalty, the remaining royalties due shall be paid as set forth in the Agreement.
In the event that Actual Royalties due to IM are greater than the Guaranteed Minimum Royalty for a given Royalty Period, the excess royalties due for that Royalty Period shall be paid from the Pre-paid Royalty.
If ATMI terminates the Purchase Documentation, pursuant to Section 11.2 of the Agreement, of any of the Second, Third or Fourth Wets Workflows (as set forth in Section 2.1-3 of this Addendum), then IM shall promptly refund [*] of the Pre-paid Royalty for each such set of Wets Workflow Purchase Documentation so terminated.
The first One Million Five Hundred Thousand U.S. dollars ($1,500,000.00) in royalty payments otherwise due under this Section 3.1 are fully prepaid by application of the Prepaid Royalty Payment.
Such Royalty Report shall be provided to NeoMedia within forty-five (45) days after the end of each calendar quarter even if the calculated royalty due under the Royalty Rate is less than the Prepaid Royalty for the license year, thereby requiring the remission of no additional payment.
For this purpose, each share of Esperion Common shall be valued at its Fair Market Value at the time the applicable Prepaid Royalty Payment is achieved or the Royalty becomes due and payable, as the case may be.
If such Additional Licenses are to be purchased by IGT prior to exhaustion of the total Prepaid Royalty under Section 4.02, then such Additional Licenses will be applied against the Prepaid Royalty.
Any Prepaid Royalty balance that is returned to QIAGEN pursuant to Section 14.5.2 through 14.5.8 will be returned to QIAGEN along with [*].
The sum of the Purchase Price and the value of the Assumed Liabilities shall be allocated among the Sellers, and, as to each Seller, among the Purchased Assets, the Non-Competition Covenants and the Prepaid Royalty, for Tax purposes (including, without limitation, U.S. federal income Tax purposes) as set forth on Schedule 2.8. Purchaser shall prepare Form 8594 under Section 1060 of the Code relating to this transaction based on this agreed allocation.