Royalty Date definition

Royalty Date. The term "Royalty Date" shall mean the date on which the cumulative amount of Teijin's Net Revenue has reached the amount of Twenty-four Billion Japanese Yen (Y 24,000,000,000).
Sample 1Sample 2
Royalty Date means the date of first commercial sale of a Product under this Agreement.
Sample 1Sample 2Sample 3
Royalty Date means the date immediately following the end of each six-month period beginning on January 1 or July 1 from the date hereof until the expiration, invalidation, revocation, unenforceability or other lapse of the last patent included in the Assets.
Sample 1Sample 2

Examples of Royalty Date in a sentence

  • The amount of the Annual Advanced Royalty payment shall increase by ten thousand dollars (CDN$10,000) each year and shall be payable on or before each anniversary of the Royalty Date, provided that such Annual Advanced Royalty payments will not exceed CDN$75,000 per year.

  • In addition to the foregoing and subject to the provisions of Section 2(e) below, beginning on the third (3rd) anniversary of the Royalty Date, Owner shall pay Royalty Holder annual advance minimum royalties ("Annual Advance Royalties") of CDN$25,000.

  • DISTRICT METALS AB By: /s /Xxxxx X.Xxxx By: /s/ Xxxxxxx Xxxxxxxxx Name: Xxxxx X.Xxxx Name: Xxxxxxx Xxxxxxxxx Title: President & CEO Title: LeadDirector EXHIBIT A TOMTEBO PROJECT EXHIBIT B ADDITIONAL PROJECT EXHIBIT C ROYALTY INTEREST CONVEYANCE AND AGREEMENT (Tomtebo and Trollberget Project) This Royalty Interest Conveyance and Agreement (this "Instrument") dated as of the 29th day of June, 2020 (the "Royalty Date"), is from District Metals AB company identity no.

  • A “Minimum Annual Royalty Year” shall mean each twelve-(12)-month period commencing on the Minimum Annual Royalty Date for the first Selected Compound and each anniversary thereof.

  • All Annual Minimum Royalty payments shall be fully creditable against running royalties, but only against such running royalties as may accrue within the twelve months following the Anniversary Royalty Date upon which a payment is made.

  • Commencing on the first anniversary of the Minimum Annual Royalty Date for the first Selected Compound and throughout the Term, in the event that earned royalties paid under Section 7.3 during a Minimum Annual Royalty Year (as defined below) is less than the amount of the applicable Minimum Annual Royalty set forth in the schedule below, then Solae shall pay Senomyx the difference between such amounts within […***…] from the end of that Minimum Annual Royalty Year.

  • Commencing on the [...***...] of the Minimum Annual Royalty Date for the first Selected Compound and throughout the Term, in the event that earned royalties paid under Section 7.3 during a Minimum Annual Royalty Year (as defined below) is less than the amount of the applicable Minimum Annual Royalty set forth in the schedule below, then Firmenich shall pay Senomyx the difference between such amounts within [...***...] from the end of that Minimum Annual Royalty Year.

  • Alimera shall be entitled to offset fifty percent (50%) of the four percent (4%) Royalty owed to pSivida pursuant to Section 5.1.2 and fifty percent (50%) of the six percent (6%) Royalty owed to pSivida pursuant to Section 5.1.3 in the first two (2) years following the Approval Royalty Date, and twenty percent (20%) thereafter until the Collaboration Receivable Amount has been fully offset.

  • The parties agree that the audit provisions in the Software Publishing Agreement shall survive the termination, for a period of one (1) year from the date hereof, with regard to sales of the Software through the Final Royalty Date.

  • Royalties currently due to Developer from the date of the last royalty payment made to Developer (the "Final Royalty Date") through the date hereof shall be due and payable upon execution.


More Definitions of Royalty Date

Royalty Date means the date on which the cumulative amount of Teijin's Net Revenue has reached the amount of Twenty-five Billion Japanese Yen ((Y)25,000,000,000).
Sample 1
Royalty Date as defined in Section 3.l(a) thereof is changed from December 31, 1999 to December 31, 2002.
Sample 1

Related to Royalty Date

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Royalty Payment has the meaning set forth in Section 2.1(b).

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Shipment Date means the date for shipment of Product requested by Buyer in a Purchase Order.

  • Royalty Term means, with respect to each Licensed Product, the period of time beginning on the first sale of a Licensed Product in a country following receipt of regulatory approval for the marketing and sale of such Licensed Product in such country and continuing on a country-by-country and product-by-product basis until the later of (1) the expiration of the Patent Term, or (ii) ten (10) years from the date of such sale of such Licensed Product in such country (other than any sale or transfer between Licensee and its Affiliates or Sublicensees).

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Net Sales means [***].

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • License Effective Date means, with respect to each Component System of the Licensed System that Company is given the right to access and use, the date as of which the Company is first given such right to access and use.

  • Royalty Report shall have the meaning set forth in Section 7.1.