Royalty Documents definition
Examples of Royalty Documents in a sentence
A nominal 25% cash-on-cash internal rate of return shall be deemed to have been received on such amount when the aggregate of the net present values as of the date hereof of Cash Proceeds (as defined below) actually received after the date hereof by TCW or the Grantee under the Royalty Documents (as defined in the Reorganization Agreement) is equal to or greater than $10,000,000.
To the extent that Seller ever obtains a final judgment for damages against Buyer (including any successor owner of the ORR ▇▇▇hts), then Seller shall be entitled to setoff such damages against any amounts payable under the Overriding Royalty Documents by Seller to Buyer (or to any such successor owner) until Seller shall have recovered such damages (with interest thereon at the Agreed Rate) in full.
Except as otherwise expressly provided in any Overriding Royalty Document, Seller shall not have any right to setoff or suspend payments under the Overriding Royalty Documents prior to any such final judgment.
Upon such approval, the Airline shall pay the Authority a percentage of the revenue thereby derived that is no greater than the prevailing concessionaire percentage at the Airport.
Seller will pay each amount owing to Buyer under the Overriding Royalty Documents by wire transfer of same day funds to Buyer in care of Boston Safe Deposit, ABA #0110▇▇▇▇▇, ▇▇al Estate Wiring #039624, Cost Center #3137, Re: Mellon Bank/Morg▇▇ ▇▇▇n▇▇▇/▇▇▇d V, Account No. CPFF 863-36302, or to such other account as Buyer shall from time to time specify in accordance with Section 6.3.
Upon receipt by Buyer of such a notice, if no unpaid obligations are then owing under this Agreement or any other Overriding Royalty Document, then all of the Overriding Royalty Documents shall thereupon be terminated and the parties thereto released from all prospective obligations thereunder.
Except to the extent that the law of another jurisdiction is expressly elected in a Overriding Royalty Document, the Overriding Royalty Documents shall be deemed contracts and instruments made under the laws of the State of Colorado (including the statute of limitations) and shall be construed and enforced in accordance with and governed by the laws of the State of Colorado and the laws of the United States of America, without regard to principles of choice of law.
If the parties fail to resolve Seller's claim, Seller will have the right to deposit any amounts payable to Buyer under the Overriding Royalty Documents, up to the disputed amount, into an interest-bearing, third party escrow account or to interplead such amount into a court registry.
An Amendment to Royalty Agreement, an Amendment to Royalty Conveyance and an Amendment to Royalty Subordination Agreement (the "Royalty Documents") shall have been executed and delivered by the parties thereto in forms satisfactory to TCW and QRI, each in its sole discretion.
Except for failures and delays which extend past specified time limits or events, no failure or delay (whether by course of conduct or otherwise) by Buyer or Seller in exercising any right, power or remedy which such party may have under any of the Overriding Royalty Documents shall operate as a waiver thereof or of any other right, power or remedy.