Royalties Payable definition

Royalties Payable means, the aggregate of all accrued and unpaid royalties payable of the Obligated Group as show on Borrower’s consolidated balance sheet.
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Examples of Royalties Payable in a sentence

  • Further, each Party agrees and acknowledges that all payments by Genzyme to Voyager hereunder, other than royalties pursuant to Section 12.4 (Royalties Payable to Voyager), do not constitute royalties within the meaning of Section 365(n) of the Bankruptcy Code.

  • In connection with each royalty payment hereunder, Licensee shall provide Licensor with an electronic statement ("Statement") which shall set forth aggregate User consumption history of the Licensed Content in sufficient detail to determine Music Royalties and Video Royalties Payable hereunder.

  • Such detailed accounts payable report shall include Royalties Payable.

  • Royalties Payable [*] Royalties payable under Paragraphs 4.2.B and 4.2.C shall be reportable and payable [*] in the Calendar Year, provided that until royalties begin to accrue pursuant to Paragraph, 4.2.B., reports need only be made annually as provided below.

  • Peerless shall pay Adobe the applicable royalties for any distribution or internal use by an OEM Customer of the Adobe Software in Revised Object form based upon and calculated in accordance with the requirements and schedules set forth in this Paragraph and in Paragraph 3.2 ("Calculating Actual Licensed System Royalties Payable to Adobe") below.

  • Genzyme shall be permitted to reduce any royalties payable under Section 8.2.1 (Royalties Payable on Co-Co Licensed Products) for a Co-Co Licensed Product by [***].

  • Genzyme shall be permitted to reduce any royalties payable under Section 7.2.1 (Royalties Payable on Regional Licensed Products) for a Regional Licensed Product [***].

  • In the event Royalties Payable are less than the Advance Royalty paid, the difference shall be deemed an advance to HPS recoverable against future Royalties Payable, but shall not constitute a debt or obligation of HPS or its principals except to the extent it is recovered from or offset against future Royalties Payable.

  • No stop order suspending the effectiveness of the Registration Statement shall have been issued and no proceedings for that purpose shall have been instituted or, to the knowledge of the Company or any Representative, shall be contemplated by the Commission.

  • The determination of the amount shall acknowledge the Royalties Payable during the remaining term, HPS' share of the proprietary rights retained hereunder and such other factors as the parties deem relevant.