Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below the Licensee agrees to pay to UM the following non-refundable Guaranteed Royalty Amounts (totaling $200,000), which shall be set off as a credit against the royalties due UM under subparagraph 4(b) (but not as a credit against the amounts payable to UM under subparagraph 4(d): Due
Guaranteed Royalties. If the total of all royalties payable to Titan under the foregoing subparagraphs 4(a) and 4(b) is less than the Guaranteed Royalty Amount set forth below, the Licensee shall pay Titan, on or before December 31, 1999, the difference between the Guaranteed Royalty Amount and the total of all royalties paid to Titan under subparagraphs 4(a) and 4(b): Guaranteed Royalty Amount US$375,000.00 ------------------------- (Payment Schedule Attached)
Guaranteed Royalties. If the total of all royalties payable to Titan under subparagraphs 4(a) and 4(b) of the Agreement is less than the Guaranteed Royalty Amounts set forth below, the Licensee shall pay Titan, on or before the dates stated in the payment schedule below, the difference between the Guaranteed Royalty Amount due for the periods stated below and the total of the royalties paid to Titan under subparagraphs 4(a) and 4(b): DUE DATE PAYMENT -------- ------- March 31, 1998 US$ 212,500 June 30, 1998 US$ 212,500 September 30, 1998 US$ 212,500 December 31, 1998 US$ 212,500 March 31, 1999 US$ 212,500 June 30, 1999 US$ 212,500 September 30, 1999 US$ 212,500 December 31, 1999 US$ 212,500 March 31, 2000 US$ 212,500 June 30, 2000 US$ 212,500 September 30, 2000 US$ 212,500 December 31, 2000 US$ 212,500 March 31, 2001 US$ 212,500 June 30, 2001 US$ 212,500 September 30, 2001 US$ 212,500 December 31, 2001 US$ 212,500 March 31, 2002 US$ 212,500 June 30, 2002 US$ 212,500 September 30, 2002 US$ 212,500 December 31, 2002 US$ 212,500 ------------ TOTAL: US$4,250,000"
Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below, the Licensee agrees to pay UM the following non-refundable Guaranteed Royalty Amounts [*****], which shall be set off as a credit against the royalties due UM under subparagraph 4(b) but not as a credit against the amounts payable to UM under subparagraph 4(d)): Amendment to this Agreement [*****] February 3, 2006 [*****] June 30, 2006 [*****] December 31, 2006 [*****] Except as expressly modified by this amendment, all terms and conditions of said agreement shall remain in full force and effect, and all provisions of said agreement modified, replaced, or deleted by this amendment shall remain full enforceable in their original forms with respect to the period prior to the effective date of this amendment.
Guaranteed Royalties. If the total of alt royalties payable to Titan under the foregoing subparagraphs 4(a) and 4(b) is less than the Guaranteed Royalty Amounts set forth below, the Licensee shall pay Titan, on or before the dates stated in the payment schedule below, the difference between the Guaranteed Royalty Amounts and the total of all royalties paid to Titan under subparagraphs 4(a) and 4(b): GUARANTEED ROYALTY AMOUNT One Hundred Thousand US Dollars (US $100,000.00) DUE DATE AMOUNT DUE Upon execution of Agreement US $5,000.00 April 30, 1999 US $5,000.00 July 31, 1999 US $5,000.00 October 31, 1999 US $5,000.00 January 31,2000 US $5,000.00 April 30, 2000 US $5,000.00 July 31,2000 US $5,000.00 October 31 2000 US $5,000.00 January 31,2001 US $5,000.00 April 30,2001 US $5,000.00 July 31,2001 US $5,000.00 October 31,2001 US $5,000.00 January 31,2002 US $5,000.00 April 30, 2002 US $5,000.00 July 31,2002 US $5,000.00 October 31, 2002 US $5,000.00 January 31,2003 US $5,000.00 April 30, 2003 US $5,000.00 July 31,2003 US $5,000.00 October 31,2003 US $5,000.00 TOTAL US $100,000.00
Guaranteed Royalties. On execution of this Agreement and on or before the subsequent dates indicated below the Licensee agrees to pay UM the following non-refundable Guaranteed Royalty Amounts [*****], which shall be set off as a credit against the royalties due UM under subparagraph 4(b) (but not as a credit against the amounts payable to UM under subparagraph 4 (d)): Due Date Guaranteed Royalty Amount On execution of this Agreement [*****] September 1, 2005 [*****] June 30, 2006 [*****] December 31, 2006 [*****] If UM has not received the Guaranteed Royalty Amount due on execution of this Agreement or the above-referenced letter of credit by the date 15 days from the date of UM’s execution of this Agreement, UM shall have the right to terminate this Agreement, with immediate effect, by providing the Licensee with written notice of termination at any time prior to UM’s receipt of said Guaranteed Royalty Amount payment.
Guaranteed Royalties. On or before the dates indicated below, the Sublicensee agrees to pay to Romella the following non-refundable Guaranteed Royalty Amounts (totaxxxx $02,500), which shall be set off as a credit against the royalties due to Romella under subparagraph 4(a)(ii): Due Date Guaranteed Royalty Amount -------- ------------------------- July 1, 2006 $27,500 July 1, 2007 $27,500 July 1, 2008 $27,500 If Romella has not received the Guaranteed Royalty Amount due July 1, 2000, xx August 1, 2006, Romella shall have the right to terminate this Agreement, with immedixxx xxxect, by providing the Sublicensee with written notice of termination at any time prior to Romella's receipt of said Guaranteed Royalty Amount payment.
Guaranteed Royalties. License Year Amount Payment Due Date LY 1 (01/01/20 – 06/30/21) [***] [***] LY 2 (07/01/21 – 06/30/22) [***] [***] LY 3 (07/01/22 – 06/30/23) [***] [***] LY 4 (07/01/23 – 06/30/24) [***] [***] LY 5 (07/01/24 – 06/30/25) [***] [***] LY 6 (07/01/25 – 06/30/26) [***] [***] LY 7 (07/01/26 – 06/30/27) [***] [***] LY 8 (07/01/27 – 06/30/28) [***] [***] LY 9 (07/01/28 – 06/30/29) [***] [***] LY 10 (07/01/29 – 06/30/30) [***] [***] Subject to the provisions of Paragraphs 2.e.(vi)(a) and (b) of the Agreement, Licensee understands and accepts that all “Guaranteed Royalties” (as defined in Paragraph 2.d.(i) of the Agreement) and “Earned Royalties” (as defined in Paragraph 2.d.(ii) of the Agreement) payments to be remitted to Licensor hereunder are intended to be gross amounts without any deductions whatsoever, except as set forth in Paragraph S.20(8) of the Schedule.
Guaranteed Royalties. If the royalties paid under Section 6.1 of this Agreement in any twelve month period commencing on the Effective Date and ending on the first anniversary thereof, and each twelve month period thereafter, are less than the Guaranteed Annual Royalty, then VOCUS shall pay Bacon’s the difference between the royalties accrued under Section 6.1 of this Agreement and the Guaranteed Annual Royalty within (30) days after the expiration of each such period. In the event that this Agreement terminates in the middle of any twelve month period, VOCUS shall be obligated to pay an amount equal to (i) the pro rata portion of the Guaranteed Annual Royalty to the date of payment minus (ii) royalties paid to the date of termination.
Guaranteed Royalties. License Year Amount Payment Due Date LY 1 (Commencement Date – 12/31/11) ***** Due in full upon Licensee’s signing of this Agreement LY 2 (01/01/12 – 12/31/12) ***** October 1, 2011 ***** June 1, 2012 LY 3 (01/01/13 – 12/31/13) ***** October 1, 2012 ***** June 1, 2013 LY 4 (01/01/14 – 12/31/14) ***** October 1, 2013 ***** June 1, 2014 LY 5 (01/01/15 – 12/31/15) ***** October 1, 2014 ***** June 1, 2015 Subject to the provisions of Paragraphs 2.e.(v)(a) and (b) of the Agreement, Licensee understands and accepts that all Development Fee, Guaranteed Royalties and Earned Royalties payments to be remitted to Licensor hereunder are intended to be net amounts without any deductions whatsoever so that, for example and purposes of clarification only, the amount of Guaranteed Royalties Licensor receives in License Year 1 is *****.
