Royalty definition

Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

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Royalty has the meaning set forth in Section 4.1.

Royalty means an interest, including an overriding royalty and a net profits interest, in gross production or the proceeds therefrom which does not require the owner thereof to bear any of the cost of production, development, operation or maintenance.

Examples of Royalty in a sentence

The Royalty, if then payable in the circumstances, shall be applicable until the earlier of: (a) April 1, 2024, if the Term of this Agreement then ends; (b) the Early Termination Date; (c) 36 months from October 1, 2021; and (d) the date upon which ▇▇▇▇▇ has received a total of [*****] (the “Cap”) in Royalty payments.
For the avoidance of doubt, no Royalty Payments or other amounts previously paid or otherwise credited to the Buyer under this Agreement shall be deducted from the CoC Payment.
With respect to each Licensed Product, on a country-by-country basis, upon the expiration of the applicable Royalty Term, the licenses and rights granted under Section 9.1 and Section 9.2 with respect to such Licensed Product shall, as of the effective date of such expiration, become irrevocable, perpetual, fully paid-up, royalty-free and non-exclusive.
Agreed and Acknowledged: HealthCare Royalty Partners IV, L.P. By: By: Name: Title: Reference is made to (i) the attached Warrant to Purchase Common Shares of ADC Therapeutics SA No. W-_____ (the “Warrant”) and (ii) if applicable, article 4(c) of the articles of association of the Company.
This Agreement shall commence on the Effective Date and, unless earlier terminated in accordance herewith, shall continue in force and effect until, on a Licensed Product-by-Licensed Product and country-by-country basis, the date of expiration of the last Royalty Term for the applicable Licensed Product in such country (such period, the “Term”).

More Definitions of Royalty

Royalty has the meaning set forth in Section 3.

Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage. Royalties may be either landowner's royalties, which are reserved by the owner of the leased acreage at the time the lease is granted, or overriding royalties, which are usually reserved by an owner of the leasehold in connection with a transfer to a subsequent owner.

Royalty has the meaning set forth in Section 2(a).

Royalty means a payment made as a consideration for the use of or the right to use—

Royalty has the meaning set forth in Section 8.4.2.

Royalty shall have the meaning ascribed in Section 4 below.

Royalty means any amount, paid in money or in kind, in respect of Mines and Minerals produced by a Person holding an Existing Mineral Right, but not including any payment made for a service, for the creation of special purposes funds, for the issuance of a right or interest or for the granting of an approval or authorization, any payment required regardless of the ownership of the Mines and Minerals, or any payment for incentives.