Sales Royalty shall have the meaning assigned to such term in Paragraph 9.1 hereof.

Sales Royalty means, with respect to any Blood Screening Assay or Clinical Diagnostic Assay, the following royalty:

Sales Royalty. The “Sales Royalty” is equal to [———-]8 of Net Sales. Sales Royalty payments shall be due at the end of each calendar quarter and shall be paid to the Licensor in U.S. Dollars no later than [———-)]9 days thereafter. In the event Licensee’s sales of Licensed Articles are paid for in the currency other than U.S. Dollars, Net Sales of such Licensed Articles shall be reported to Licensor in U.S. Dollars using the Average Exchange Rate (as hereinafter defined) for each month the report relates to. The Sales Royalty payable thereon shall be calculated in the U.S. Dollar equivalent of the Average Exchange Rate, totaled for the reporting period, and paid in accordance with the provisions of this Agreement. For purposes of this Agreement, “Average Exchange Rate” for any period of time with respect to any currency other than U.S. Dollars means the daily average price during such period of time at which the U.S. Dollar could have been purchased with such other currency, as reported on xxx.xxxxx.xxx or, if no rate(s) is(are) available on xxx.xxxxx.xxx for such date(s), on the rates reported for such date(s) by the Wall Street Journal. The Sales Royalty due Licensor for an Annual Period shall, in no case, be less than the Minimum Annual Royalty specified below for that Annual Period.

Examples of Sales Royalty in a sentence

Such sales shall be made subject to all of the provisions of this Agreement and to an accounting for and the payment of Sales Royalty thereon.
If either party elects to terminate this Agreement under this paragraph, Licensee shall have no further obligations for the Guaranteed Minimum Royalty beyond the date of termination (which shall be prorated if less than an Annual Period is involved) and shall be obligated to pay any Sales Royalty which is then due or becomes due.
Such sales shall be made subject to all of the provisions of this agreement and to an accounting for and the payment of Sales Royalty thereon but not to the payment of Guaranteed Minimum Royalties.
Licensee shall deliver to Licensor at the time each Sales Royalty payment is due, a reasonably detailed report signed by a duly authorized officer of Licensee indicating by quarter the Net Sales and a computation of the amount of Sales Royalty payable hereunder for said period.
In the event that any evaluation or audit reveals any understatement of your Gross Sales, Royalty Fees or Advertising Fees in any month by an individual or combined total of 1.25% or more from data reported to us, then, in addition to any other rights we may have (including collection of amounts owed with respect to any understatement), you must reimburse us for all audit costs including, but not limited to, related professional fees, travel, and room and board expenses.

More Definitions of Sales Royalty

Sales Royalty. Seven percent (7%) of the Net Sales of Products. 20. Sell Through Period: The ninety- (90) day period immediately following the expiration or termination of this Agreement. 21. .

Sales Royalty shall have the meaning set forth in Section 6.1 of this License Agreement. Term.“Term” shall mean the Initial Term plus any extended term pursuant to Section 9.2 of this License Agreement. Trade Discounts. “Trade Discounts” shall mean discounts from the wholesale prices of the Licensed Products that are customary in the trade and that are actually given by Vendor or its Affiliate. United States Military Bases. “United States Military Bases” shall mean restricted-access retail locations located on or adjacent to United States military bases, wherever located, including those owned or operated by the Army and Air Force Exchange Service (AAFES), the Navy Exchange Service Command (Nexcom), the Marine Corps Exchange, Coast Guard Exchange System (CGES), and the Veterans Canteen Service. 1Confidential information omitted and filed separately with the SEC with a request for confidential treatment by Inter Parfums, Inc. No. 10.133.1. 3 ARTICLE II GRANTS 2.1

Sales Royalty. The “Sales Royalty” is equal to [———]5 of Net Sales. Sales Royalty payments shall be due at the close of each calendar quarter and shall be paid to the Licensor in US currency no later than [———]6 days thereafter. If the Sales Royalty is converted from a foreign currency, the payment will be based on the exchange rate listed in the Wall Street Journal on the last business day of the quarter. The Sales Royalty due Licensor for an Annual Period shall, in no case, be less than the Minimum Annual Royalty specified below for that Annual Period.

Sales Royalty shall have the meaning set forth in Section 6.1 of this License Agreement.

Sales Royalty means the sales royalty described in paragraph 7(c) of this Agreement;

Sales Royalty means the royalty payable by Cool Can to the Inventors in connection with sales of the Apparatus by Cool Can.