Royalty Stack definition

Royalty Stack means an ST452 Stack or a Future Derivative Stack.
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Examples of Royalty Stack in a sentence

  • Specifically: R2 = R1 × (Applicable Royalty Stack Cap / T) where R1 is the earned royalties due the Board hereunder; R2 is the adjusted reduced royalty rate due hereunder; T is the total royalty due to all licensors; and Applicable Royalty Stack Cap: [**]%.

  • For purposes of clarity, only those royalties required to avoid infringement by Licensee for the manufacture or sale of the Licensed Product may be included under the Royalty Stack Cap.

  • In the event during any Royalty Period, LICENSEE's total combined royalty burden for Licensed Patents and Enabling Technology (the "Total Royalty Stack") exceeds * of Net Sales (the "Royalty Stack Cap") the Earned Royalty payable by LICENSEE to ULRF for that Royalty Period shall be reduced such that for every * paid for Enabling Technology, * may be deducted from Earned Royalties owed to ULRF; provided however, that under no circumstance shall the Earned Royalty be less than * .

  • The report shall contain: (a) the type and quantity of Royalty Stacks sold; (b) the Sales Price of the Royalty Stacks; (c) the name of the sub-licensee (if the Sale is done by a sub-licensee); and (d) the country to which the Royalty Stack or Licensed Products was Sold.

Related to Royalty Stack

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

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

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

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Royalty means an interest in an oil and natural 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.