Examples of Royalty-Bearing Projects in a sentence
Accordingly, when the total cumulative amount of royalties paid to Symyx Tech by ExxonMobil for all Royalty-Bearing Projects pursuant to Section 8.07, including the Uncapped Royalty Project, reaches *, royalty payments for all Royalty-Bearing Projects, except the Uncapped Royalty Project, will terminate and be deemed fully-paid.
Symyx shall be solely responsible for selection of the Royalty-Bearing Projects pursuant to Section 8.07.1. To assist Symyx in making such selection, ExxonMobil or its Designee will provide to Symyx the reports and information specified in Section 10.02, provided that neither ExxonMobil nor its Designee shall be liable to Symyx for any omissions, inaccuracies, or other errors in such reports absent fraud or intentional or willful misrepresentation.
Subject to Section 2.2 of this Amendment, Agenus hereby elects to convert the OX-40 Project and the GITR Project from Profit-Share Projects to Royalty-Bearing Projects.
For all Royalty-Bearing Projects, ExxonMobil shall also pay Symyx Tech a portion of any royalty payments received by ExxonMobil or its Affiliates from Licensees, as determined in accordance with Exhibits L or O, whichever is applicable.
With the sole exception of the Uncapped Royalty Project, the total cumulative royalties to be paid by ExxonMobil and its Affiliates to Symyx Tech for all Royalty-Bearing Projects pursuant to this Section 8.07, including royalties paid with respect to the Uncapped Royalty Project, shall be subject to a maximum of *.
Prior to selection of the Royalty-Bearing Projects pursuant to Section 8.07, ExxonMobil or its Designee shall disclose to Symyx all inventions relating to Derivative Materials.
After selection of the Royalty-Bearing Projects, ExxonMobil or its Designee shall disclose to Symyx all inventions relating to Derivative Materials derived from Lead Materials identified by Symyx for use in the *, but only until expiration or termination of the applicable royalty obligation.
Such license royalties shall be paid at royalty payment rates determined in accordance with Exhibit L (for all Royalty-Bearing Projects except the * Royalty Projects) or Exhibit O (for * Royalty Projects).
At such time as the cumulative license royalties paid by ExxonMobil and its Affiliates to Symyx Tech for all Royalty-Bearing Projects pursuant to this Section 8.07 reaches *, Symyx Tech shall select * as the “Uncapped Royalty Project.” License royalties for the Uncapped Royalty Project shall be payable for the full royalty payment term specified in Section 8.07.7 below.
At such time as the cumulative license royalties paid by ExxonMobil and its Affiliates to Symyx Tech for all Royalty-Bearing Projects pursuant to this Section 8.07 reaches *, Symyx Tech shall select * as the "Uncapped Royalty Project." License royalties for the Uncapped Royalty Project shall be payable for the full royalty payment term specified in Section 8.07.7 below.