Royalty Rebate definition

Royalty Rebate means the rebate of 50per cent of the relevant royalty payment after the receipt of each quarterly royalty payment by the Department.
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Examples of Royalty Rebate in a sentence

  • The Royalty Rebate arrangement under which Vancouver Island has received royalty revenues from the Province expires on December 31, 2011; therefore, the 2012 and 2013 forecast cost of gas does not include any royalty revenues.

  • For example, applying the figures of Section 5.3, if the SRR is [*] namely [*] and if the Net Sales for the same Marketing Year in countries where Substantial Competition exists totals [*], then the Royalty Rebate is [*] and the total royalty to be paid by Lundbeck for such Marketing Year shall be [*].

  • The Royalty Rebate shall not affect the Basic Royalty computation.

  • The Royalty Rebate described above is not applicable until the first full calendar year you are required to pay the Service Fee percentage of 6% and the Ad Fee percentage of 2%.

  • The Royalty Rebate described above is not applicable until the first full calendar year you are required to pay the Service Fee percentage of 6% and the Ad Fund contribution of 2%.

  • Refunds of previous year’s revenue increased by $19.8 million (32%) due to increased Royalty rebates paid to Magnetite producers who, as a consequence of higher iron ore prices, paid higher Royalties and an additional Royalty Rebate for the Koolyanobbing Mine Financial Assistance project.

  • Appropriations increased by $25.9 million (41%) due to increased appropriations received as a result of an increase in payments of Royalty rebates to Magnetite producers as a result of higher iron ore prices, resulting in higher Royalties paid and an additional Royalty Rebate for the Koolyanobbing Mine Financial Assistance project.

  • In the event of a sale or transfer of your Business, any accrued Royalty Rebate passes to the buyer or transferee, to be paid upon the same conditions as outlined in the Operations Manual.

  • The qualifications for the Royalty Rebate may vary by year and currently include, (a) franchisee was in compliance with the terms and obligations of its franchise agreement during the past year; and (b) franchisee attended the entire ERS Convention and all required training sessions.

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Related to Royalty Rebate

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

  • Royalty Payment has the meaning set forth in Section 6.1.

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

  • Royalty Fee “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.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • 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.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Sublicense Revenue means [***].

  • Net Sales means [***].

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sublicense Revenues means [***].

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

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

  • 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.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sublicense Fees means all upfront fees, milestone payments and similar license fees received by LICENSEE from its Sublicensees in consideration for the grant of a Sublicense, but excluding:

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • 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.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Sales Milestone Payment is defined in Section 5.3.

  • 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:

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Gross Profits means the gross profits calculated under section 4;