Royalty Agreement definition

Royalty Agreement means the amended royalty agreement between the Partnership, Vermilion, 1209963 Alberta Ltd. and the Trust dated January 22, 2003 providing for the creation of the Royalty;

Royalty Agreement has the meaning set forth in Section 6.2(b).

Royalty Agreement has the meaning set forth in the preamble hereto.

Examples of Royalty Agreement in a sentence

• On January 1 of each year (the Adjustment Date), the restaurants subject to the Licence and Royalty Agreement are adjusted for new restaurants opened for at least 60 days preceding such Adjustment Date in the previous fiscal year.

• The Partnership has granted SIR a 99-year licence to use the SIR Rights in most of Canada in consideration for a Royalty, payable by SIR to the Partnership, equal to 6% of the revenues of the restaurants included in the Royalty Pooled Restaurants (the Licence and Royalty Agreement).

• Under the terms of the Licence and Royalty Agreement, SIR may be required to pay a Make-Whole Payment in respect of the reduction in revenues for restaurants permanently closed during a reporting period.

• The Fund’s equity income is dependent upon the revenues generated by SIR for the restaurants subject to the Licence and Royalty Agreement.

• Under the Intercreditor Agreement, absent a default or event of default under the Credit Agreement, ordinary payments to the Fund and the Partnership can continue and the Partnership can exercise any and all of its rights to preserve the trademarks and related intellectual property governed by the License and Royalty Agreement.

More Definitions of Royalty Agreement

Royalty Agreement means the Royalty Agreement, dated as of the date hereof, among the Borrower and ROS.

Royalty Agreement means the amended and restated royalty agreement entered into between AOG and the Trust dated as of December 1, 2003 and providing for the creation of the Royalty;

Royalty Agreement has the meaning ascribed thereto in Section 3.01(b) hereof;

Royalty Agreement means the form of royalty agreement set out as Schedule B;

Royalty Agreement means a royalty agreement substantially in the ------------------- form attached hereto as Schedule "A", which Royalty Agreement will be entered into by the Parties upon the conditions contained in clause 3(b) having been satisfied;

Royalty Agreement has the meaning set forth in Section ‎3.1.

Royalty Agreement means any of the Royalty Agreements.