Royalty Sales definition

Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b) below: (a) The amount [*] with respect to such Licensed Product for such period [*] in the Royalty Territory. This amount reflects [*], taken in accordance with the then-currently used IFRS. By way of example, the gross-to-net deductions taken in accordance with IFRS as of the Effective Date include the following: [*]. For clarity, any given deduction shall be taken only under one of subsections (i) through (v), and only once in calculating Royalty Sales. For purposes of clarity, sales by Roche and its Affiliates to any Sublicensees that are not Affiliates of Roche shall be excluded from “Royalty Sales”, unless such Sublicensees are end users of such Licensed Product. (b) For Sublicensees that are not Affiliates of Roche and not end users of such Licensed Product [*], the sales amounts in the Royalty Territory reported to Roche and its Affiliates in accordance with [*]. For purposes of clarity, [*].

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Royalty Sales means the total receipts from all sales by the Store of all pizza, beverages and other products or services authorized for sale at the Store or at any approved off-site location but exclusive of sales or equivalent taxes, coupon and similar discounts, and beverage container deposits approved by us. Premium or similar promotional items must be included in computing royalty sales unless these items have been sold at or below cost by the Store. Premium or similar promotional items shall not be deemed to include any food or beverage item unless otherwise specified by us.

Royalty Sales means, for a Licensed Product in a particular period, the sum of (a) and (b)

Examples of Royalty Sales in a sentence

A Sweep Period shall be the period of time for which a Sweep of Area Operator’s account has been made by Noodles & Company to obtain the Royalty Fee for Net Royalty Sales that have occurred, but for which a prior Sweep was not made.
You agree to spend for local advertising and promotion of your Noodles & Company Restaurant such amounts as we establish from time to time, currently not less than one and-a-quarter percent (1.25%) of Net Royalty Sales during any Reporting Period (these amounts must be spent within the twelve (12) month calendar year in the year in which the Reporting Period occurs).
If any inspection or audit discloses an understatement of Net Royalty Sales, you must pay us, within seven (7) days after receipt of the audit report, the royalties and any advertising contributions due on the amount of such understatement, plus interest (as provided in Section 6.05) from the date originally due until the date of payment.
The amount of royalties payable under this Section 3.1 shall be determined on a Calendar Quarter basis and, for any Calendar Quarter, such amount shall be calculated by taking the product of (A) the Net Royalty Sales for such Calendar Quarter, multiplied by (B) the Applicable Royalty Rate.
In the event an Assay Series is performed, the Net Royalty Sales shall be calculated on the consideration received for the Assay Series and not limited to a single assay within the series.
The applicable royalty rate shall be [***]* of the Net Royalty Sales.
Licensee shall also provide ITC in writing with an advanced Royalty Sales projection, on a non-binding basis, no later than seventy-five (75) days after the end of each calendar quarter that sets forth the aggregate Royalties Licensee anticipates reporting for the then-current calendar quarter regardless of whether or not any Payment is projected.
We reserve the right to charge a percent of Net Royalty Sales BDF Fee upon notice to you.
In addition to the advertising and promotional expenditures and/or contributions required by Sections 10.01 and 10.02 hereof, you shall contribute a Marketing Administration Fee (“MAF”), currently one-half of one percent (0.5%) of Net Royalty Sales, payable on the first (1st) business day following the immediately preceding Reporting Period, together with the Royalty Fees due hereunder.
You agree to pay us a continuing royalty fee in the amount of five percent (5.0%) of Net Royalty Sales (the “Royalty Fee”) for each Reporting Period.

More Definitions of Royalty Sales

Royalty Sales means all sales other than Tungsten Sales, (ii) Tungsten Sales shall not include scrap of tungsten-based feedstock product and any tungsten-based feedstock manufactured, used or consumed by Buyer in connection with research and development activities, and (iii) Royalty Sales and Tungsten Sales are collectively referred to herein as "Overall Sales". The royalty based upon Tungsten Sales shall be calculated as follows: Tungsten Sales Royalty = $2.50 per net pound produced. Buyer shall maintain records of the tungsten-based feedstock product, including the net pounds produced, and allow Seller access to such records upon reasonable request to verify and/or reconcile Buyer's calculations of Tungsten Sales Royalties paid hereunder. The parties agree and acknowledge that Buyer shall not be required to pay Tungsten Sales Royalties on any unsalable, unusable or defective tungsten-based feedstock products or batches produced; provided however, Buyer shall provide reasonable evidence to Seller upon Seller's reasonable request that such products are in fact unsalable, unusable or defective for resale purposes. Buyer shall pay the above-referenced royalties with respect to all cash proceeds from sales that relate to Overall Sales during the Term. Seller recognizes that, from time to time, Royalty Sales may be returned to Buyer and Buyer may be required to return (or credit) any sales revenues received with respect to such returned Royalty Sales. In such events, Buyer shall receive a credit (or refund) in the amount of all royalty payments made to Seller with respect to such returned Royalty Sales. Buyer shall make royalty payments to Seller of the Royalty Sales on or before the 15th of the month following the close of any three-month quarter, consistent with Buyer's calendar or fiscal accounting year.

Royalty Sales means the total receipts from all sales at or from the Store, excluding sales and equivalent taxes and coupons and similar discounts or beverage container deposits approved by us in advance. Premium items or similar items must be included in computing Royalty Sales unless these items have been sold at or below cost by the Store.

Royalty Sales means the total selling price of all services and products and all income of every other kind and nature related to the Restaurant, whether for cash or credit and regardless of collection in the case of credit. Proceeds from the sale of coupons, gift cards, gift certificates or vouchers will not be included in Royalty Sales when the coupons, gift cards, gift certificates or vouchers are sold; rather, the retail price of services and products purchased with coupons, gift cards, gift certificates or vouchers will be included in Royalty Sales during the period in which the coupon, gift card, gift certificate or voucher is redeemed.