Royalty Amount definition
Royalty Amount means the absolute dollar amount that VAR agrees to pay Versant each time the Application is distributed and recognized as revenue on VAR's income statement in accordance with Generally Accepted Accounting Principles, as set forth in Exhibit D hereto.
Royalty Amount means, with respect to a particular Licensed Product sold commercially in the Territory, the actual amount (in Dollars) payable by CKD to Cara as royalty on such sale pursuant to Section 6.3.
Royalty Amount means for each calendar quarter the sum of seven percent (7%) of Product Revenues in the United States, five percent (5%) of Product Revenues in the Territory outside the United States and [ * ] in the Territory for such calendar quarter; provided, that, in the event that less than 700 Units are issued, such seven percent (7%) and five percent (5%) shall be adjusted by multiplying each by a fraction, the numerator of which is the number of Units issued and the denominator of which is 700.
Examples of Royalty Amount in a sentence
The Initial Royalty Amount shall be reset to zero at the beginning of the second Contract Year.
During the Exclusive Period, on or before each [***] following the Effective Date, Licensee will pay to the University the Minimum Royalty Amount (“MRA”) as specified in the Principal Terms & Milestones List for the indicated MRA Year, wherein MRA Year 0 begins on the [***] following the Effective Date, MRA Year 1 begins on the second [***] following the Effective Date, etc.
Notwithstanding the foregoing, the Running Royalty Amount otherwise due University may never be less than [***].
Only one payment of Earned Royalty shall be due with respect to any Net Sales or only one payment of Earned Royalty Amount shall be due with respect to any Unit of CHIRON Licensed Product Shipped, irrespective of the number of patents or Valid Claims in the CHIRON Licensed Patents covering such CHIRON Licensed Product.
Royalties paid to PalmSource for sales by Wholly Owned Subsidiaries will count toward Licensee’s Minimum Annual Payment and Initial Royalty Amount in Exhibit D (Licensee Products, Royalties and Fees) in the same manner as Royalties paid for sales by Licensee.
More Definitions of Royalty Amount
Royalty Amount has the meaning set forth in Section 2.9(a).
Royalty Amount means, with respect to a particular Licensed Product sold commercially in the Territory, the actual amount (in Japanese Yen ) payable by Maruishi to Cara as royalty on such sale pursuant to Section 6.3.
Royalty Amount shall have the following meaning during the Term: From April 1, 2001 through December 31, 2003, the Royalty Amount shall be: (A) ****% (****percent) of Net Sales of Licensed Products, for any Net Sales up to the first one million dozen Licensed Products (i.e., twelve million Licensed Product golf balls) sold by Licensee in the Contract Year, or (B) ***% (**** percent) of Net Sales of Licensed Products, on any Net Sales in excess of one million dozen Licensed Products sold by Licensee in the Contract Year; provided, that the Royalty Amount in preceding clauses (A) and (B) shall be capped at $**** (**** cents, U.S.) per dozen of Licensed Products. Royalty Amounts shall be paid in U.S. dollars. Royalty Amounts on Net Sales made in currencies other than U.S. dollars shall be converted to U.S. dollars as follows: for each quarterly period for reporting and paying Royalty Amounts, Licensee will determine the Net Sales made in each foreign currency, calculate the Royalty Amount in the foreign currency, and then convert to U.S. dollars by using the exchange rate published in the U.S. Wall Street Journal on the last business day of the calendar quarter in that quarterly reporting period. On and after January 1, 2004 during the Term, the Royalty Amount shall be payable only on Net Sales of Licensed Products which are covered by the claims of a Patent which has issued in the jurisdiction of the sale. If on or after January 1, 2004, a Licensed Product sold by Licensee is covered by the claims of an issued Patent in the jurisdiction of the sale, the Royalty Amount shall be calculated the same way as set forth in the preceding grammatical paragraph. However, if on or after January 1, 2004, a Licensed Product is not covered by an issued Patent in the jurisdiction of the sale, then no Royalty Amount shall be owed on the sale or distribution of such Licensed Product. This License Agreement shall remain in effect during the pendency of any patent applications (even though no Royalty Amounts may be due). If Licensor determines, after January 1, 2004, that no Patents covering the Licensed Products sold by Licensee will ever issue, then the Agreement shall terminate, and Licensee shall have no Royalty Amount obligations to Licensor, or other restrictions, respecting the Licensed Products sold or distributed after January 1, 2004. In other words, between April 1, 2001 and December 31, 2003, Licensor's entitlement to the Royalty Amount is in compensation for giving ▇▇▇▇▇▇ a "fir...
Royalty Amount means the amount payable to the Seller pursuant to the Royalty Agreement.
Royalty Amount means an amount equal to 5% of Net Sales booked by the Acquiror and any Affiliates of the Acquiror during the applicable period from the sale of Gestiva. For purposes
Royalty Amount means 2% of the Value of the Diamonds without any deduction whatsoever for the direct, indirect or incidental costs of removal or recovery other than mineral and mining taxes, royalties and the fees and expenses of Graders;
Royalty Amount means the amount equal to 15% of the Net Sales Price of Dexterity Products sold by LifeQuest, or any of its Affiliates or any Licensee, assignee or successor of LifeQuest or any of its Affiliates, during the period commencing on the effective date of this Agreement and ending on the last day of the eighty-fourth (84th) full calendar month thereafter (the "Royalty Period").