Royalty Cap definition
Royalty Cap means two (2) times the Actual Award.
Royalty Cap shall have the meaning set forth in §4.1 (a).
Royalty Cap means Forty Million United States Dollars (US$40,000,000).
Examples of Royalty Cap in a sentence
Once cumulative royalty payments to Seller equal the Royalty Cap, no further royalty shall be owed.
The aggregate royalty payments under this Section 3.2 shall not exceed the Royalty Cap.
More Definitions of Royalty Cap
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 means Twenty-Five Million Dollars or such lesser amount as provided in Section 3.4(b)(iii).
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. Shall have the meaning set forth in Section 6.4;
Royalty Cap means $725,000,000.
Royalty Cap means ___________ ( ) times the Actual Award.
Royalty Cap shall have the meaning set forth in Section 9.3.