Royalty Calculation definition
Examples of Royalty Calculation in a sentence
The applicable Royalty Calculation Event is set forth in the Royalty Schedule.
All Royalties become payable upon the Royalty Calculation Event regardless of the time of collection by RA.
If the estimated Royalty Payment for a Royalty Calculation Year changes from one quarter to the next, then the amount that WSI will deposit into the Royalty Reserve Annual Account during the quarter in which such estimate is changed will be adjusted to make up for the shortage (in the case of an increase in the estimate) or excess (in the case of a decrease in the estimate) in the amount or amounts deposited in such Royalty Reserve Annual Account in prior quarters of such Royalty Calculation Year.
The receipt by Stonehouse of the Scale-Down Fee will not affect Stonehouse’s right to receive a Royalty Payment for the Royalty Calculation Year in which the Scale-Down Transaction occurs, and such Royalty Payment will be based upon a calculation of WorldSpace EBITDA that takes such Scale-Down Transaction into account in accordance with the definition of “WorldSpace EBITDA” in Section 1.01.
Any balance remaining in the Royalty Reserve Annual Account for any Royalty Calculation Year after the Royalty Payment for such Royalty Calculation Year has been paid in full may be removed from the Royalty Reserve Account and applied as WSI determines to be appropriate, provided that, until the Term has ended, such application is in full compliance with all of the applicable terms and conditions of this Agreement (including, without limitation, Section 4.03 hereof).
Defendant will take no position on the amounts of any requests for reimbursement of Litigation Expenses or Attorneys’ Fees to Class Counsel or Incentive Award Payments to Plaintiffs, provided, however, that the request for Litigation Expenses and Attorneys’ Fees shall not exceed one-third of the Settlement Funds and one-third of the future economic benefits that Settlement Class Members realize under the Future Royalty Calculation Method.
The Parties expressly agree that the Future Royalty Calculation Method applies notwithstanding any current or future law, statute, judicial decision, or rule regulating the payment of Royalties in Pennsylvania.
Based on that opinion, the CA Firm shall then send to the Parties a written determination of the matters in dispute and a written determination of the Royalty due (the "Royalty Calculation") based upon such opinion, whereupon the Royalty Calculation shall be final and binding upon the Parties.
An example of the calculation of the amount of royalty to be paid hereunder is shown on Schedule 6.3.1 (Example Royalty Calculation); provided, however, that the calculation of the actual amount of royalties to be paid hereunder shall be made using the actual Net Sales figures.
For any Net Sales subject to this Section 3.11 (Royalty Calculation), COMPANY shall report to MAYO in connection with royalty reports subject to Section 4.01 [***] Certain information in this document has been excluded pursuant to Regulation S-K, Item (601)(b)(10).