Royalty Reserve means an amount equal to all accrued Royalties that are then unpaid, whether or not then due and payable by any Borrowing Base Party.
Royalty Reserve means, as of any date of determination, the aggregate of (a) all past due royalty payments owing by a Loan Party as of such date of determination, plus (b) an amount equal to projected royalty payments anticipated to be owing by the Loan Parties in the three months following such date of determination.
Royalty Reserve means, at any time, a reserve equal to the sum of (a) accrued but unpaid royalties due to third parties for the sale of any Inventory subject to any license of intellectual property plus (b) unpaid royalties due to third parties for finished goods Inventory on hand subject to any license of intellectual property.
Examples of Royalty Reserve in a sentence
The proceeds of $210,700 received in relation to the Royalty Units has been recorded as a Royalty Reserve within Equity.
Accounting Records in the Books of Landlord and Royalty Reserve Landlord transfers the excess of minimum rent over royalty to Royalty Reserve Account -Royalty Suspense Account.
Following entry may be passed in place of above two entries (b) and (c): Royalty Reserve or Royalty Suspense A/c .
Without limitation the Board may in its discretion invest the Royalty Reserve and the Non- Royalty Reserves as it may think fit, and from time to time deal with or vary such investments and dispose of all or any part thereof.
If the Board regards it reasonable to use such Reserves for another purpose it shall forthwith transfer the relevant amounts out of the Royalty Reserve.
More Definitions of Royalty Reserve
Royalty Reserve means an amount equal to all accrued and unpaid royalty obligations owing by Borrower and MCE as set forth on the most recent Royalty Reserve Report, adjusted up or down as of any date of determination by Lender in its sole discretion based on Lender’s findings that such royalty obligations owing by Borrower and/or MCE have increased or decreased since the date of such Royalty Reserve Report.
Royalty Reserve means, on any date, an amount equal to the sum of: (i) all Royalties that are more than 60 days past due and payable by the Borrower on such date, and (ii) all Royalties that would be payable upon the sale or other disposition of Eligible Inventory, assuming (for purposes of calculating the amount of such reserve) that such Eligible Inventory would be sold at its Value.
Royalty Reserve means, at any date of determination, an amount equal to the accrued and unpaid monthly production royalty expense due under royalty agreements with any Person, or, if there is no separate royalty agreement, under any lease or other applicable agreements with such Person.
Royalty Reserve means a reserve established by the Administrative Agent from time to time in its Credit Judgment for the amount of all the Loan Parties’ accrued and unpaid royalties owing to the owners of quarry, mine or pit sites leased or operated by the Loan Parties.
Royalty Reserve means, in respect of Inventory or Accounts arising from products using, or marketed or promoted using, the Xxxxxxxxx Xxxxxx xxxx and subject to the trademark license agreement dated June 2, 2018 between Zander Fields Inc. or Zander Fields LLC and Herban Industries Inc., a reserve in the amount of 15% of the gross price charged (or usually charged) to buyers of such products.
Royalty Reserve means any reserve that the Agent may from time to time establish (in its sole discretion after the occurrence of a Default or an Event of Default) for Inventory subject to license agreements with third parties, in an amount determined by the Agent to be sufficient to make any required royalty payments owing by Borrower with respect to such Inventory. EXHIBIT A–18
Royalty Reserve means a reserve against borrowing base availability in an amount equal to $13,317, which such amount may be adjusted by Agent in the exercise of its reasonable discretion upon the occurrence of any one or more of the following events: (a) at any time following the occurrence and during the continuance of an Event of Default and/or (b) upon the completion of any Collateral examination performed or caused to be performed by Agent in accordance with the terms of this Agreement, each such adjustment to be based on the aggregate amount of contracted and estimated payments required to be then paid by Borrower under each License Agreement, based on the value of the Inventory subject to each such License Agreement (calculated on the basis of the lower of cost or market value on a first in, first out basis).