Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed (unless otherwise demonstrated to PVMI’s satisfaction). This Agreement is subject to all of the terms and conditions stated herein, including those on the following pages 2 through 6, to which GROWER and PVMI expressly agree. GROWER acknowledges and agrees that any additional or modified terms inserted by GROWER are not part of the contract between PVMI and GROWER unless expressly agreed by PVMI in writing. PVMI GROWER: ___________________________________ By: Name: Title: Date: By: Name: Title: Date: PVMI NON-EXCLUSIVE SUBLICENSE AGREEMENT (Grower) Additional Terms and Conditions
Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed. If GROWER demonstrates to PVMI's satisfaction that Licensed Product seed is not being sold by GROWER as seed but instead to non- seed/commercial markets, GROWER shall also pay PVMI an Annual Royalty on 10% of the total cwt sold to non- seed/commercial markets at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. This Agreement is subject to all of the terms and conditions stated herein, including the Additional Terms and Conditions on the following pages, to which GROWER and PVMI expressly agree. GROWER acknowledges and agrees that any additional or modified terms inserted by GROWER are not part of the contract between PVMI and GROWER unless expressly agreed to by PVMI in writing. POTATO VARIETY MANAGEMENT INSTITUTE, INC. GROWER: Signature: Name: Title: Date: Signature: Name: Title: Date: PVMI NON-EXCLUSIVE SUBLICENSE AGREEMENT (Canadian Seed Grower) Additional Terms and Conditions
Annual Royalty. GROWER also shall pay an Annual Royalty for each variety of Licensed Product at the applicable per cwt rates stated above with respect to each category of the Territory in which the seed was grown. Specialty varieties (see attached Exhibit A & B) are subject to a higher rate. The Annual Royalty must be paid on all sales of Licensed Product seed from the crop year of this Agreement, whether sold within the term of this Agreement or thereafter, and are due within thirty (30) days of each respective sale or transfer date. All Licensed Products sold or otherwise transferred by GROWER shall be presumed to have been sold as seed (unless otherwise demonstrated to PVMI’s satisfaction).
Annual Royalty. 11.1 Each of the Parties shall pay the STATE an annual royalty on the value of its Percentage Interest of the Available Crude Oil and Available Natural Gas produced from each Exploitation Concession at the following rates:
Annual Royalty. In consideration of the license of FCE Technology granted herein, POSCO Power agrees to pay to FCE an annual royalty of 4.1% of the Net Sales (the “Annual Royalty”) during the Initial Term, subject to the Minimum Annual Royalty (defined below) provision set forth in Section 4.2 below. The Annual Royalty payment shall be paid by POSCO Power as follows:
Annual Royalty. 11.1 Annual royalty rate Each of the Parties shall pay to the State an annual royalty on the value of its Participating Interest in the Net Share of Hydrocarbons Production according to the following basis: CRUDE OIL · For Crude Oil from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300,000 tons originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300,000 tons originating from each Exploitation Concession is subject to an annual royalty charge of 10%. · For Crude Oil from an Exploitation Concession with a water depth greater than 200 meters: the production of the first 500,000 tons originating from each Exploitation Concession is exempted from the royalty payment; production above the first 500,000 tons originating from each Exploitation Concession is subject to an annual royalty charge of 7%. NATURAL GAS · For Natural Gas from an Exploitation Concession with a water depth less than or equal to 200 metres: the production of the first 300 million m(3) originating from each Exploitation Concession is exempted from the royalty payment; production above the first 300 millions m3 originating from each Exploitation Concession is subject to an annual royalty charge of 5%. · For Natural Gas from an Exploitation Concession with a water depth greater than 200 metres: the production of the first 500 million m3 originating from each Exploitation Concession is exempted from the royalty payment; production above the first 500 million m3 originating from each Exploitation Concession the rate is subject to an annual royalty charge of 3.5%.
Annual Royalty. Beginning on the first anniversary of the Effective Date and each anniversary thereafter, Licensee will pay Stanford a yearly license annual royalty of $10,000.
Annual Royalty. Subject to the final paragraph of Section 5.1, for each Company Property that uses any Licensed Xxxx and/or Trump’s likeness in connection with a Company Property, including Casino Services and Products provided for or offered in connection with the Company Property (regardless of the number of Licensed Marks used, or the number of uses of Trump’s likeness made, by such Company Property), Company, Xxxxx Holdings, such Company Property, and their respective Subsidiaries shall be jointly and severally obligated to pay to Xxxxx, a royalty in the annual amount of: (i) $500,000 for each such Company Property that has an annual EBIDTA of at least $25 million; or (ii) $100,000 for each such Company Property that has an annual EBITDA less than $25 million; provided, however, that the aggregate royalties payable under the Royalty License with respect to all Company Properties shall in no event exceed $5 million per annum. All royalties payable under the Royalty License shall be paid quarterly in arrears, beginning on the Conversion Date. The first quarterly royalty payment hereunder shall be due and payable within thirty (30) days after the end of the quarter in which the Conversion Date occurs. The annual EBITDA shall be calculated quarterly based upon the EBITDA for the four (4) full quarters immediately preceding each payment date; provided, however, within thirty (30) days after each annual period, the EBITDA for such annual period shall be calculated and (a) if the EBITDA for any Company Property for which a $500,000 royalty was paid actually was less than $25 million, Xxxxx shall refund $400,000 of such paid royalty to Xxxxx Holdings, and (b) if the EBITDA for any Company Property for which a $100,000 royalty was paid actually was equal to or exceed $25 million, Xxxxx Holdings shall pay an additional $400,000 to Xxxxx. The royalty payment for the period (the “Initial Period”) from the Conversion Date to the end of the quarter in which the Conversion Date occurs shall be prorated based on the actual number days in the Initial Period. The royalty payments for the annual period beginning on the Conversion Date shall also be prorated based on the actual number of days in the period from the Conversion Date through the end of the first annual period. In the event that the Services Agreement shall have been terminated for any reason, the royalties payable to Xxxxx hereunder for any such quarterly period following the Conversion Date shall be reduced by an amount eq...
Annual Royalty a. The annual Royalty paid to Lessor will be based on the Net Revenues generated during the calendar year by the Lessee as follows:
Annual Royalty. As provided for in Paragraph 6.2 of this Agreement, Licensee agrees to pay to PHS a nonrefundable Annual Royalty, The Annual Royalty is apportioned as follows:
