Royalty Cap means the aggregate maximum royalties to be paid by Discovery Labs to Battelle for performance of its obligations under the Project Plan during the Term of this Agreement. The amount of the Royalty Cap is set forth in Section 3.D(ii).
Royalty Cap shall have the meaning set forth in §4.1 (a).
Royalty Cap. Shall have the meaning set forth in Section 6.4;
Examples of Royalty Cap in a sentence
The maximum contributions of the First and Third Container Royalties in any contract year shall not exceed the Container Royalty Cap level.
The Container Royalty Cap provisions set forth in Article XI, Section 4 of this Master Contract shall not apply to the Second Container Royalty contributions to MILA.
Once the Royalty Cap is reached, the royalty purchase agreement will terminate.
The obligation of the Payer to pay the Royalty to the Payees ceases when the total weight of Product produced from the Tenements after the Execution Date exceeds the amount (if any) in the Royalty Cap at Schedule 1.
For avoidance of doubt, the Elpida Royalty Cap does not apply to Elpida Royalties paid to IM for Third Party Products.
More Definitions of Royalty Cap
Royalty Cap means Forty Million United States Dollars (US$40,000,000).
Royalty Cap means $725,000,000.
Royalty Cap means [***] of (a) the Purchase Price, if the Buyer receives a valid Tranche 2 Election prior to or on August 31, 2024 or (b) the Tranche 1 Purchase Price, if the Buyer does not receive a valid Tranche 2 Election prior to or on August 31, 2024.
Royalty Cap means two (2) times the Actual Award. We are pleased to make the Award described in this Agreement. Please indicate your agreement to the terms set forth in this Agreement by signing below. Sincerely, Epilepsy Foundation By: Name: Title: Date: Agreed: [Company Name ] By: _ Name: Title: Date:
Royalty Cap means ___________ ( ) times the Actual Award. We are pleased to make the Award described in this Agreement. Please indicate your agreement to the terms set forth in this Agreement by signing below. Sincerely, [Organization] By: ____________________________ Name: __________________________ Title: ___________________________ Agreed: [Awardee] By: _________________________ Name: _______________________ Title: Exhibit A Development Program Plan and Budget Exhibit B Payment Schedule Milestone Milestone Payment Expected Milestone Completion Date Upon Execution $______ Upon Dosing of First Trial Participant $______ Upon Dosing of Median Trial Participant $______ Last Patient, Last Visit $______ Submission to [Organization] and [Organization]’s approval of final integrated clinical and statistical report $______
Royalty Cap has the meaning specified in Paragraph 2 of Exhibit A.
Royalty Cap shall have the meaning set forth in Section 10.3.