Common use of Minimum Annual Royalties Clause in Contracts

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 12 contracts

Samples: License Agreement (Mri Interventions, Inc.), License Agreement (Mri Interventions, Inc.), License Agreement (Mri Interventions, Inc.)

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Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 5 contracts

Samples: License Agreement (Denali SPAC Holdco, Inc.), Exclusive License Agreement (MDxHealth SA), Exclusive License Agreement (MDxHealth SA)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first second anniversary. Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 4 contracts

Samples: License Agreement (Mri Interventions, Inc.), License Agreement (Surgivision Inc), License Agreement (Surgivision Inc)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) [**] days of [**] of each anniversary of the EFFECTIVE DATE beginning year, commencing with the first anniversary. [**] Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, percentage of SUBLICENSE CONSIDERATION accrued under Paragraph 3.4 and paid to JHU during the one year period preceding an anniversary [**] of the EFFECTIVE DATE each year, commencing with [**] shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 3 contracts

Samples: Exclusive License Agreement, Exclusive License Agreement (Kala Pharmaceuticals, Inc.), Exclusive License Agreement (Kala Pharmaceuticals, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the LAP-JHU Ref. 9328 4 of 14 12/20/2006 FINAL-JHU-OSMETECH CONFIDENTIAL EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, Paragraph 4.3 and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 3 contracts

Samples: Non Exclusive License Agreement (GenMark Diagnostics, Inc.), Non Exclusive License Agreement (GenMark Diagnostics, Inc.), Non Exclusive License Agreement (GenMark Diagnostics, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These Such minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days [***] of each anniversary of the EFFECTIVE DATE beginning with the first anniversaryanniversary until the expiration of the ROYALTY TERM. Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 3 contracts

Samples: License Agreement (Rosetta Genomics Ltd.), License Agreement (Rosetta Genomics Ltd.), License Agreement (Rosetta Genomics Ltd.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties on NET REVENUES of LICENSED PRODUCT(S) and sublicense consideration DEVELOPED PRODUCT(S) accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 3 contracts

Samples: Exclusive License Agreement (Allakos Inc.), Exclusive License Agreement (Allakos Inc.), Exclusive License Agreement (Allakos Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, due within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running In any year where there are sales of LICENSED PRODUCT or LICENSED SERVICE the minimum annual royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual running royalties due on in that anniversary dateyear).

Appears in 2 contracts

Samples: License Agreement (Aldagen Inc), License Agreement (Aldagen Inc)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. B. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary[***] anniversary of the EFFECTIVE DATE. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, Paragraph 3.5 and paid to JHU during the one year [***] period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 1 contract

Samples: Exclusive License Agreement (NexImmune, Inc.)

Minimum Annual Royalties. Company COMPANY shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, as applicable, either within thirty (30) days of the date indicated or each anniversary of the EFFECTIVE DATE DATE, beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

Appears in 1 contract

Samples: License Agreement (Viacell Inc)

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Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) [*] days of [*] of each anniversary of the EFFECTIVE DATE beginning year, commencing with the first anniversary[*]. Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, percentage of SUBLICENSE CONSIDERATION accrued under Paragraph 3.4 and paid to JHU during the one year [*] period preceding an anniversary [*] of the EFFECTIVE DATE each year, commencing with [*] shall be credited against the minimum annual [*] royalties due on that anniversary [*] date.

Appears in 1 contract

Samples: Exclusive License Agreement (Graybug Vision, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty sixty (3060) days of December 31 of each anniversary of the EFFECTIVE DATE beginning year, commencing with the first anniversary. December 31, 2020 Running royalties and sublicense consideration accrued under Paragraphs 3.3 Paragraph 3.2 and 3.4, respectively, milestones accrued under Paragraph 3.5 and paid to JHU during the one each calendar year, commencing with calendar year period preceding an anniversary of the EFFECTIVE DATE 2020 shall be credited against the minimum annual royalties due on that anniversary dateat the end of such calendar year.

Appears in 1 contract

Samples: License Agreement (Unity Biotechnology, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, due --------- within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running In any year where there are sales of LICENSED PRODUCT the minimum annual royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual running royalties due on in that anniversary dateyear.

Appears in 1 contract

Samples: License Agreement (Cardiome Pharma Corp)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) [**] days of [**] of each anniversary of the EFFECTIVE DATE beginning year, commencing with the first anniversary. [**] Running royalties and sublicense consideration accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, percentage of SUBLICENSE CONSIDERATION accrued under Paragraph 3.4 and paid to JHU during the one year period preceding an anniversary [**] of the EFFECTIVE DATE each year, commencing with [**] shall be credited against the minimum annual royalties due on that anniversary date.. ​

Appears in 1 contract

Samples: Exclusive License Agreement (Kala Pharmaceuticals, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, due within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, Paragraph 4.3 and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.. May 3, 2016

Appears in 1 contract

Samples: Non Exclusive License Agreement (Virtuoso Surgical, Inc.)

Minimum Annual Royalties. Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties on NET REVENUES of LICENSED PRODUCT(S) and sublicense consideration DEVELOPED PRODUCT(S) accrued under Paragraphs Paragraph 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.. FINAL

Appears in 1 contract

Samples: Exclusive License Agreement (Allakos Inc.)

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