Minimum Annual Royalty Payments. For the [year] calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of [MAR amount] ([Amount in U.S. dollars]) in U.S. dollars annually. [ALT: … Licensee shall pay to Alliance annually the applicable Minimum Annual Royalty defined by Table X below.] Licensee shall make such payment to Alliance within thirty days of the beginning of the calendar year for which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due. Table X: Minimum Annual Royalties Calendar Year Min. Royalties (USD) Due Date
Minimum Annual Royalty Payments. As further consideration for the rights and licenses granted by Mayo to Company herein Company shall pay to Mayo an annual minimum royalty of [***] U.S. Dollars ($[***]). The first annual minimum royalty payment shall be due within thirty (30) days of the fourth anniversary of the Effective Date with subsequent annual minimum royalty payments being due within thirty (30) days of each subsequent anniversary of the Effective Date until the expiration (or if applicable, the earlier termination) of this Agreement. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Annual minimum royalty payments shall be non-refundable but shall be creditable against milestones owed under Section 3.3, running royalties accrued under Section 3.5 and/or sublicensing fees owed under Section 3.7, in each case during the one year period following the date on which such annual minimum royalty payment was paid.
Minimum Annual Royalty Payments. For the 2013 calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of Twenty Five Thousand ($25,000) in U.S. dollars annually. Licensee shall make such payment to Alliance within thirty days of the end of the calendar year in which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due. Alliance will NOT send invoices for payments due on a fixed schedule. It is Licensee’s responsibility to make all payments in accordance with this Agreement and all late payments will be charged interest in accordance with Paragraph 4.4 of this Agreement.
Minimum Annual Royalty Payments. For the [year] calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of [MAR amount] ($xx,xxx) in U.S. dollars annually. [ALT: …Licensee shall pay to Alliance annually the applicable Minimum Annual Royalty defined by Table X below.] Licensee shall make such payment to Alliance within thirty days of the beginning of the calendar year for which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due.
Minimum Annual Royalty Payments. Separate and apart from the IP Purchase Payment and Warrant set forth in Section 1, Buyer agrees to provide royalty payments to Seller in the amount of *** per year ("Minimum Annual Royalty Payment") commencing one (1) year from the Effective Date and continuing for a period of ten (10) years thereafter (totaling *** over eleven (11) years following the Effective Date).
Minimum Annual Royalty Payments. As further consideration for the rights and licenses granted by Buck to Sponsor herein, Sponsor shall pay to Buck an annual minimum royalty of [***] U.S. Dollars ($[***]). The first annual minimum royalty payment shall be due within thirty (30) days of the fourth (4th) anniversary of the Effective Date, with subsequent annual minimum royalty payments being due within thirty (30) days of each subsequent anniversary of the Effective Date until the expiration (or, if applicable, the earlier termination) of this Agreement. Annual minimum royalty payments shall be non-refundable but shall be creditable against milestones owed under Section 3.3, running royalties accrued under Section 3.5 and sublicensing fees owed under Section 3.7, in each case that have been accrued and paid during the preceding one (1) year period.
Minimum Annual Royalty Payments. To maintain its rights granted by SPC under this Agreement, Choten agrees to pay to SPC the following minimum annual royalties during each year of the term of this Agreement:
Minimum Annual Royalty Payments. Beginning with the first full calendar year following the date that is the second anniversary of the First Commercial Sale and for each calendar year thereafter for the duration of the royalty term set forth in Section 5.4(e)(ii), a minimum annual royalty payment of US $100,000 (the “Minimum Annual Royalty Payment”) shall apply. In the event the royalty payments under Section 5.4 for a calendar year is less than the Minimum Annual Royalty Payment for such calendar year, Licensee shall, by the due date for royalty payments for such calendar year, pay to ADVENTRX such difference. For example, if the First Commercial Sale occurs on February 20, 2011, then the first Minimum Annual Royalty Payment shall apply with respect to the calendar year ending December 31, 2014. Such payments shall not be refundable or creditable.
Minimum Annual Royalty Payments. In the event that for any calendar year or portion thereof the royalty payment under Section 2.2 is less than Sixty Thousand Dollars ($60,000), Assignee shall pay to Assignor the minimum annual royalty amount of Sixty Thousand Dollars ($60,000.00) in lieu of the royalty payment under Section 2.2. In addition, on March 31 2017 the Executive shall receive a grant of an option with cashless exercise to purchase 2,000,000 shares of the Company’s common stock for $1.20 per share as an inducement for him to enter into this Agreement.
Minimum Annual Royalty Payments. Licensee's obligation to pay non-refundable minimum annual royalties begins on the first anniversary of the first commercial sale of a Licensed Product or Licensed Service. Non-refundable minimum annual royalties are payable to DUKE as specified below. Should the running royalties due for the year from Net Sales on Licensed Products or Licensed Services be less than the amount specified for minimum annual royalties, the total royalty paid for any given year as determined on a cumulative year-over-year basis by Licensee to DUKE will be equal to the minimum annual royalty below. Minimum annual royalties are as follows:
