MEPS Royalty Interest Sample Clauses

MEPS Royalty Interest. (a) Contemporaneously with and subject to closing of the acquisition by Avenue or its Nominated Affiliate of a Participating Interest the Tethys Licenses pursuant to clause 2.3, the Participants holding Participating Interests in such Tethys License, Tosun License, Karakilise License and Clause 6.1 Option Licenses hereby grant to MEPS an overriding royalty interest equivalent to 5% of the interest so held by Avenue and SGC in the Tethys Licenses, which interest MEPS is receiving as full consideration for its transfer and assignment back to Avenue and the respective member of SGC all of MEPS Carried Interest in each such License reflected in Schedule A.
Sample 1
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MEPS Royalty Interest. (x) Contemporaneously with and subject to the grant to Avenue pursuant to clause 3.1(b)(i) of a Participating Interest in any Avenue Kahta Well, AME and Avenue shall grant to MEPS a 5% overriding royalty interest in that Avenue Kahta Well.
Sample 1
MEPS Royalty Interest. 1. Contemporaneously with and subject to closing of each acquisition by Avenue or its Nominated Affiliate of a Participating Interest in an SGC Interest pursuant to clause 4.2, the Participants holding Participating Interests in that SGC Interest hereby grant to MEPS a 5% overriding royalty interest in the SGC Interest, which interest MEPS is receiving as full consideration for its transfer and assignment back to Avenue and the respective member of SGC all of MEPS Carried Interest in each Exploration License included within the SGC Interest, reflected on Schedule A.
Sample 1
MEPS Royalty Interest. Nothing in this Restated and Revised Participation Agreement shall affect the rights and nature of the MEPS Royalty, other than Avenue shall no longer be responsible to MEPS for MEPS Royalty attributable to any interest, Avenue is assigning and relinquishing to AME hereunder.
Sample 1

Related to MEPS Royalty Interest

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

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

  • Royalty 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

  • Single Royalty Notwithstanding anything herein to the contrary, with respect to any Licensed Product only a single royalty payment shall be due and payable, regardless if such Licensed Product is covered by more than one Valid Patent Claim or contains more than one component Covered by a Valid Patent Claim.

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Royalty Payment In partial consideration of the grant of rights to Schering by ICN under this Agreement, Schering shall pay ICN a royalty in the following amount:

  • Royalties 8.1 In consideration of the license herein granted, LICENSEE shall pay royalties to LICENSOR as follows:

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