Loyalty Payments Sample Clauses

Loyalty Payments. 23. In recognition of the benefit derived by Norco from having certainty of supply throughout each Guaranteed Supply Period, Norco agrees to pay the Supplier, Loyalty Payments in addition to the Base Price or Second Grade Price (as the case may be). The Loyalty Payments will be paid by Norco in arrears on or before the 15th day of the month following the month of supply.
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Loyalty Payments. 23. Norco may, at its discretion, pay Loyalty Payments to the Supplier in addition to the Base Price Payment. The Loyalty Payments as at the Commencement Date are set out in Schedule 2. Norco may increase Loyalty Payments during the Term by notice to the Supplier.
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Loyalty Payments. 8.1 The parties agree that any loyalty payment must not be made on a condition that the Farmer will:15
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Loyalty Payments. 8.1 The parties agree that any loyalty payment must not be made on a condition that the Xxxxxx will:15
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Loyalty Payments. Any Loyalty Payments shall be made by the Company only prior to the Closing Date and shall not be accrued for after the Closing Date. In the event not all Loyalty Payments are made prior to the Closing Date, neither the Company nor the Buyer shall be obligated any longer to make any such Loyalty Payments in whole or in part.
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Loyalty Payments. (a) The Buyer acknowledges that the Sellers will pay in cash up to $600,000 as "loyalty payments" to certain of its key employees for services previously rendered to the Company and as "matching" payments under the Xxxxxx-Xxxxx 401(k) Savings Plan for the period from January 1, 1999 to the Closing Date (together, the "Loyalty Payments"), at their own expense, from the cash portion of the purchase price payable to the Sellers at Closing (but not by the Company prior to Closing). The Buyer agrees that, in the event the net income of the Company for the year ending December 31, 1999 exceeds the net income projected for such year, as reflected in the "Xxxxxx Xxxxx Consolidated Income Statement for the 12 [sic] Period Ending December 31, 1999 Budget," attached as EXHIBIT A-11 hereto (the "Xxxxxx Xxxxx Budget") (the amount of such excess, the "Excess Amount"), by $600,000 or more, the Buyer shall pay and reimburse the Sellers for all Loyalty Payments paid by the Sellers up to $600,000. The Buyer shall make payment of the foregoing reimbursement to the Sellers by no later than March 15, 2000, following its review of all relevant books and records. If the parties do not agree on the amount of Excess Income (the amount so disputed, the "Disputed Amount"), they shall resolve their differences as set forth in Section 11(b) below. If the Sellers do not make any or all of the Loyalty Payments to Company employees as contemplated by this Section 11(a), the Company and the Sellers shall have no liability or obligation to such employees for any such payments after the Closing, and neither the Sellers nor the Company shall commit the Sellers or the Company to make them.
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Loyalty Payments. 1 Merger..........................................................................................................1
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Related to Loyalty Payments

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Royalty Payment For all leased substances that are sold during a particular month, Lessee shall pay royalties to Lessor on or before the end of the next succeeding month. Royalty payments shall be accompanied by a verified statement, in a form approved by Lessor, stating the amount of leased substances sold, the gross proceeds accruing to Lessee, and any other information reasonably required by Lessor to verify production and disposition of the leased substances or leased substances products. Delinquent royalties may be subject to late fees and penalties in accordance with Lessor’s Rules.

  • Royalty Fees In further consideration of the distribution rights and related rights granted by Shengqu to the Licensees hereunder, the Licensees shall pay to Shengqu a royalty fee equal to 35% of revenues on a monthly basis.

  • Reports and Royalty Payments Within [* * *] days after the beginning of each Contract Quarter during the Royalty Term, Celgene shall deliver to Acceleron a report setting forth for the previous Contract Quarter the following information on a Licensed Product-by-Licensed Product and country-by-country basis in the Territory: (a) the gross sales and Net Sales of Licensed Product, (b) the number of units sold by Celgene, its Affiliates or Sublicensees, (c) the basis for any adjustments to the royalty payable for the sale of each Licensed Product, and (d) the royalty due hereunder for the sales of each Licensed Product (the “Royalty Report”). The total royalty due for the sale of Licensed Products during such Contract Quarter shall be remitted at the time such report is made. No such reports or royalty shall be due for any Licensed Product before the First Commercial Sale of such Licensed Product.

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Royalty Payments and Reports Payments for Coal mined and sold hereunder shall be made on a timely basis, when due and without demand by COLT, on or before the twentieth (20th) day of each month (“Payment Deadline”) for all Coal mined or produced from the Premises, shipped and sold, or used, together with all Foreign Coal transported and sold by Lessee or its Affiliates, or assigns during the preceding month as to Coal, as evidenced by a report or reports furnished by Lessee to COLT tendered contemporaneously with payment. Payments shall be made by check or wire transfer. If by check, payment shall be made to the following address: 000 Xxxxxx Xxxx Drive Beckley, WV 25801 If by wire transfer, payment shall be to the following address: Bank: Huntington Bank ABA: 000000000 Credit To: Colt LLC Account #: 01221137324 Copies of the reports required in this section 14 and evidence of the wire transfer or check shall be forwarded by mail or fax to: Colt LLC 0000 XXX Xxxx., Xxxxx 000 Xxxx Xxxxx Xxxxxxx, XX 00000 The addresses for payment by check or wire transfer and/or for submitting reports may be amended from time to time by COLT upon notice to Lessee. Not later than the Payment Deadline, Lessee shall report to COLT showing the actual amount for each and every mining method of Coal mined, processed, stockpiled, loaded, shipped, and sold from the Premises by Lessee and/or its Affiliates or contractors during the preceding month and shall also include individual sales of Coal by Lessee, the customers to which Coal was sold, the Gross Sales Prices of Coal for each sale, itemization of allowable deductions for each sale, calculations of Actual Production Royalty due COLT for each sale and for the preceding month, and the location, by Quarter-Quarter Section, Township, and Range, of the lands of COLT from which such Coal was mined. Such report or reports shall be made either on a form or forms of COLT supplied to Lessee or on a form or forms of Lessee that are approved by COLT. Each report shall be certified to be true, accurate, and correct by Lessee and shall be to the satisfaction of COLT. In any event, all of the aforementioned items shall be made available to COLT by Lessee, at all times upon COLT’s request, for any month during the term of this Lease. Such reports shall, at COLT’s request, be accompanied by copies of invoices, purchase orders, sales receipts, bills of lading, truck weight tickets, railroad weight tickets, barge weight tickets, statements of transportation, washing and handling charges, and other forms of verification as may be deemed necessary by COLT.

  • Royalty Fee The Licensee agrees to pay AmericaTowne a monthly fee equal to 7.5% of its Gross Retail Sales (the "Royalty Fee").

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalties and Payments 3.00 LICENSEE shall pay directly to LICENSOR a one-time milestone payment of sixty-five thousand US dollars ($65,000.00) upon the first FDA APPROVAL of a LICENSED PRODUCT. This fee shall be payable sixty (60) days after the date of FDA APPROVAL of a LICENSED PRODUCT.

  • Third Party Payments Neither the Advisor nor any of its officers, directors, employees or stockholders shall receive any commissions, compensation, remuneration or payments whatsoever from any broker with which the Company carries an account for transactions executed in the Company’s account. The parties acknowledge that a familial relationship of any of the foregoing persons may receive floor brokerage commissions in respect of trades effected pursuant to the Advisor’s Trading Approach on behalf of the Company, which payment shall not violate the preceding sentence.

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