Royalty Share definition
Examples of Royalty Share in a sentence
You expressly acknowledge that the Royalty Share may consist of little or no Royalty Rights, that there may not be a market for any Secondary Transactions, and to the extent there is a market for any Secondary Transaction, the Token may or may not have any material value in that market.
The Master Royalty Recipient hereby sells to the Purchaser, subject to the terms of this agreement, the Investor License Agreement (appendix to this agreement) and the corresponding White Paper, a Royalty Share with a unique token identification number (issued upon completion of the offering) and unique artwork, which is represented in the token’s metadata and stored using the decentralized protocol InterPlanetary File System (IPFS).
The Grantor shall use all commercially reasonable efforts to obtain the payment of Production Revenues and Other Revenues, excluding Production Revenues from the Royalty Share of Production that the Royalty Owner took in kind.
Terms which are used but not defined in this Trust Agreement shall have the meanings given to them in the Royalty Share Agreement (defined below).
The Grantor hereby names the Grantor as the Initial Beneficiary of the Trust effective as of the date hereof, and any Person who hereinafter becomes a Holder of a Royalty Share.