Minimum Royalty Payments. The Minimum Royalties for the Contract Term shall be paid [*****] in advance on execution of this Agreement and the balance in twenty (20) equal installments of $[*****] paid quarterly beginning March 30, 1998 and throughout the remainder of the contract period. Each installment is due on or before the 30th day of each March, June, September and December. The Minimum Royalties for each Extension Term as shown below shall be paid in four (4) equal installments each by the 30th day of March, June, September and December of the respective term. 7.1A Licensee shall not be in default of this Paragraph if the minimum royalties paid pursuant to a Trademark Licensee Agreement between White Consolidated Industries and New M-Tech Corporation, of even date, and the royalties paid pursuant to this Agreement equal the minimum royalty payments set forth below. TERM YEAR(S) MINIMUM ---- ------- ROYALTIES Contract --------- Term 1997/2002 [*****] First Extension Term 2003/2004 [*****] Second Extension Term 2005/2006 [*****] Third Extension Term 2007/2008 [*****] Fourth Extension Term 2009/2010 [*****] Fifth Extension Term 2011/2012 [*****] Sixth Extension Term 2013/2014 [*****] 7.2 INITIAL ROYALTY PAYMENT. Licensee shall pay Licensor an initial royalty payment (the "Initial Royalty Payment") of [*****] upon execution of this Agreement. The Initial Royalty Payment shall be applied against the first Royalties payable pursuant to Section 7.4 of this Agreement. CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERICKS DENOTE SUCH OMMISSIONS.
Minimum Royalty Payments. To the extent that the aggregate, cumulative, Minimum Royalties set forth above exceeds the aggregate, cumulative Earned Royalties paid to Licensor by the end of the Contract Term or Extension Term, as applicable, Licensee shall pay Licensor such excess with the Royalty payment for the last fiscal quarter of the Contract Term or such Extension Term, as applicable, in accordance with Article 7.4.
Minimum Royalty Payments. Commencing on the first January 1 to occur after the first Net Sale, and for each year thereafter, Licensee will pay to OHSU minimum annual royalty of Ten Thousand Dollars ($10,000). OHSU will credit payment of minimum royalties received against any subsequent royalty payments made by Licensee, but only for the year in which the minimum annual royalty was received.
Minimum Royalty Payments. LJL agrees to pay the minimum royalty amounts set forth in EXHIBIT C attached hereto. Each minimum royalty payment is due and payable [*] after the anniversary of the Effective Date, and all royalties paid under Section 3.2 and 3.3 shall be fully creditable toward the minimum royalty amounts, on a rolling credit basis. [*].
Minimum Royalty Payments. Notwithstanding anything to the contrary contained in this Agreement, LICENSEE shall pay to LICENSOR during the Term minimum royalty payments in the amounts and at the times set forth in Item 10 of Schedule A hereto (each, a "Minimum Royalty"). The balance of royalty payments in excess of a Minimum Royalty, if any, due LICENSOR shall be paid within ++++ calendar days after the end of each Royalty Year.
Minimum Royalty Payments. 3D-ID agrees to make royalty payments of not less than $15,000 in the aggregate with respect to Net Sales of Royalty Bearing Products occurring in the Markets during the first two years after the date hereof, which payment is to be made within thirty (30) days of the end of the second contract year and royalty payments of not less than $20,000 with respect to Net Sales of Royalty Bearing Products occurring in the Markets in each contract year thereafter. If 3D-ID does not make the minimum payments within thirty (30) days of the end of any contract year beginning in the second contract year, the exclusive license granted under Section 1 with respect to the Markets shall automatically become non-exclusive in nature.
Minimum Royalty Payments. The Company shall have no minimum royalty obligations to the University during the term of this Agreement.
Minimum Royalty Payments. Royalty credits available to P&U in accordance with this Agreement or any other legally binding agreement between the parties shall not reduce the royalty amounts otherwise then due to Geron by more than [*]. Unused credits may be carried over into subsequent royalty periods.
Minimum Royalty Payments. The minimum Royalties for the Contract Term shall be paid [*****] in advance on execution of this Agreement and the balance in twenty (20) equal installments of $[*****] paid quarterly beginning March 30, 1999 and throughout the remainder of the contract period. Each installment is due on or before the 30th day of each March, June, September and December. The Minimum Royalties for each Extension Term as shown below shall be paid in four (4) equal installments each by the 30th day of March, June, September and December of the respective term. EXCEPT AS HEREBY AMENDED, THE AGREEMENT ENTERED INTO AND EFFECTIVE 15 SEPTEMBER 1997 SHALL REMAIN IN FULL FORCE AND EFFECT. SIGNED THIS DAY OF DECEMBER, 1997. ELECTRONIC INDUSTRIES OF WHITE CONSOLIDATED INDUSTRIES, INC. NORTH AMERICA /s/ JOEL NEWMAN /s/ ILLEGIBLE ---------------------------------- ----------------------------------- By: By: CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERICKS DENOTE SUCH OMMISSIONS.
Minimum Royalty Payments. In order for ShowCase to maintain the exclusive right to distribute the ShowCase AS/400 Port, subject to the reservation of rights granted to Arbor in Section 3.1, and subject to Arbor's Buy-Back Right set forth in Section 2.7, Arbor must receive the minimum royalty payments specified in (a) through (f) below. If Arbor fails to receive its minimum royalty payments specified below for any given Agreement Year (as defined in (a) through (f) below), ShowCase shall have the option to pay Arbor the remaining balance of the commitment for that Agreement Year within 30 days after the end of that Agreement Year, thereby meeting its commitment and protecting its distribution rights for the subsequent Agreement Year. Any such payment will be treated as a credit towards royalty payments due to Arbor from ShowCase in the subsequent year, but shall not be a credit towards meeting the next year's annual royalty minimum. If Arbor fails to receive its minimum royalty payment outlined below for a particular Agreement Year and ShowCase elects not to pay Arbor the remaining balance of the commitment for that Agreement Year, the exclusive distribution rights granted to ShowCase shall, as of such date, automatically become non-exclusive.
