Royalty Payment Date definition

Royalty Payment Date means, with respect to any calendar quarter, the date that is the earlier to occur of (i) the date that Parent’s consolidated earnings for such calendar quarter are released, and (ii) thirty (30) days following the end of such calendar quarter.

Royalty Payment Date means the 45th day following the end of the calendar quarter for which a Royalty Payment is due hereunder. “Second Installment Payment” has the meaning set forth in Section 3.1(a)(ii).

Royalty Payment Date shall have the meaning set forth in Section 5.01.

Examples of Royalty Payment Date in a sentence

• CollaGenex may prepay, in whole or in part, any royalties prior to the applicable Royalty Payment Date.

• Such royalty payment shall be mailed to Licensor within sixty (60) days (the "Royalty Payment Date") after the end of each six-month period ending June 30 and December 31 (each a "Royalty Reporting Period") of each year (each, a "Royalty Year") during the term of this Agreement.

• On the Royalty Payment Date, Sherwood shall provide to Licensor a report (a "Royalty Report") for each Royalty Reporting Period, setting forth the earned royalty due and payable on Net Sales, if any, of Sherwood and/or any Related Companies of Licensed Products during such Royalty Reporting Period, accompanied by payment of all amounts shown to be so due and payable, if any.

• If such audit determines that the royalties paid to Calando pursuant to Section 5.5(a) for any such audited period were understated, then Cerulean shall, within [**] days of receipt of the audit report, pay to Calando the entirety of such understated amount plus interest accruing from the Royalty Payment Date until the date that such understated amount is paid at an interest rate equal to the lesser of (i) [**] percent ([**]%) per annum or (ii) the highest interest rate allowable by law.

• The First True Up Payment shall be paid in four (4) equal installments on each Royalty Payment Date for the quarters ending March 31, June 30, September 30, and December 31, 2029, respectively (subject to earlier prepayment of all or part of all or any such installments at the option of the Company), and such payments by the Company shall be fully creditable towards the Cap Amount.

More Definitions of Royalty Payment Date

Royalty Payment Date has the meaning set forth in Section 2.3(b).

Royalty Payment Date means the first Business Day of each calendar quarter following the date on which sales of Licensed Oxygen Products by Licensee or its sub-licensee shall commence and shall continue for so long as this Agreement remains in effect.

Royalty Payment Date is defined in Section 2.2(a).

Royalty Payment Date means thirty (30) days after the end of each calendar quarter.

Royalty Payment Date means the 31 March, 30 June, 30 September and 31 December in each year and the date of termination of this Agreement (whether by affluxion of time or otherwise).

Royalty Payment Date has the meaning ascribed to it in Section 7.

Royalty Payment Date means the 45th day following the end of the calendar quarter for which a Royalty Payment is due hereunder.