Continuing Royalties. Due on the first of June 2017, and on the corresponding day of each year thereafter until the patent expires, Licensee shall pay to Licensor a sum equal to ten percent (10%) of any sub-license fees earned on the Licensed Property in the prior twelve months. In the event that Licensee initiates a lawsuit to enforce the Licensed Property against any potential infringer, any settlement or judgment resulting from said lawsuit shall be considered a sub-license fee to which Licensor is entitled (10%) ten percent.
Continuing Royalties. 4.1 On or before the 10th day of each month, you will, without notice from Franchisor, pay Franchisor a Royalty Fee in the amount of 8% of Gross Revenues of the preceding month or partial month. Gross Revenues is defined in Section 6.
Continuing Royalties. For payment of the initial license fee above, Phoenix may keep the first XXX in Net Revenue (as defined below) from the sale, license and maintenance of the Products. In addition to the initial license fee, after the first XXXX in NetRevenue, Phoenix shall pay to Dyad a percentage of its Net Revenues as follows: (i) XX of the Net Revenue received by Phoenix from the XXXXXX of the Products including, without limitation, XXXXXXXXXXXXX; (ii) XXX of its Net Revenue from XXXXXXXX of the Products; and (iii) Phoenix and Dyad shall XXXXXXXXX based on XXXXXXXXXX. It is anticipated that Dyad will assist with initial implementations and that Phoenix will eventually handle implementations on its own. Amounts due Dyad hereunder shall be paid to Dyad by the tenth business day following the receipt of such revenue by Phoenix, and shall be accompanied by the name of the End User, their address, and the number of locations where each End User is using the Products.
Continuing Royalties. (a) Buyer shall pay Seller royalties (the “Continuing Royalties”) on the Component Cost of all Products that incorporate or use the Intellectual Property.
Continuing Royalties. (a) BUYER shall pay SELLER Continuing Royalties of Three Percent (3%) of gross sales of alcohol or cocaine detoxification Process (defined below) BUYER (or any licensee) performs using the Intellectual Property for so long as BUYER (or any licensee) uses the Intellectual Property.
Continuing Royalties. Following the expiration of the Royalty Term in respect of a Lumacan Product in a country in the Salix Territory, Salix shall, as consideration for its continued right to use the Licensed Trademarks and Licensed Technical Information for such Lumacan Product, pay royalties (“Continuing Royalties”) to Photocure in respect of Net Sales by Salix and its Affiliates and Sublicensees at the rate of [*] percent ([*]%) for as long as Salix or its Affiliates or Sublicensees Commercialize such Lumacan Product in such country. Prior to such expiration of the Royalty Term, the Parties acknowledge and agree that the Continuing Royalties for which provision is made in this Section 4.5(c) are included in the Royalties payable under Section 4.5(a).
Continuing Royalties. Following said payment of $150,000.00, FSTI will pay to AAC a continuing royalty of three percent (3%) of all net sales (pre-tax) of UNICORN Products thereafter. For purposes of this Agreement, the term "net sales" shall mean all revenues received by FSTI from all sources, less any sales taxes actually paid by FSTI (and separately itemized on any billing statements or contracts), in connection with sales, contracts, leases, assignments, licenses, etc., of UNICORN Products over and above the initial UNICORN sales of One Million Dollars ($1,000,000.00) described in Section 2(b) above.
