Common use of Minimum Royalty Clause in Contracts

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] per calendar year (prorated for any partial year during which this Agreement is in effect) starting in calendar year 2009, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due XXXX for any given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] $25,000 per calendar year (prorated for any partial year or part thereof during which this Agreement is in effect) effect starting in calendar year 20092020, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due XXXX for any given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] per calendar year (prorated for any partial year or part thereof during which this Agreement is in effect) starting in calendar year 2009, the first of which will be due [***], against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall will be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall will have no effect on the annual minimum royalty due to XXXX for any other given calendar year.

Minimum Royalty. Starting in calendar year 2012, Licensee further agrees to will pay to XXXX a minimum royalty of [***] dollars ($[*] **]) per calendar year (prorated for any partial year or part thereof during which this Agreement is in effect) starting in calendar year 2009, effect against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall will be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall will have no effect on the annual minimum royalty due XXXX for any other given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] $10,000 per calendar year (prorated year, or pro rated portion thereof for any each partial year calendar year, during which this Agreement is in effect) effect starting in calendar year 20092008, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due XXXX for any given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] twenty five thousand dollars ($25,000) per calendar year (prorated for any partial year or part thereof during which this Agreement is in effect) effect starting in calendar year 20092010, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due XXXX for any other given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] $25,000 per calendar year (prorated for any partial year or part thereof during which this Agreement is in effect) effect starting in calendar year 20092021, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due XXXX for any given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] per $50,000 for calendar year (prorated 2020, $100,000 for any partial calendar year 2021, and $150,000 for calendar year 2022 and each calendar year thereafter or part thereof during which this Agreement is in effect) starting in calendar year 2009, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales Net Sales of Products requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum royalty due to XXXX for any other given calendar year.

Minimum Royalty. Licensee further agrees to pay to XXXX a minimum royalty of [****] twenty thousand dollars ($20,000) per calendar year (prorated for any partial year during which this Agreement is in effect) , starting in calendar year 2009, against which any earned royalty paid for the same calendar year will be credited. The minimum royalty for a given year shall be due at the time payments are due for the calendar quarter ending on December 31. It is understood that the minimum royalties will apply on a calendar year basis, and that sales of Research Products or Services requiring the payment of earned royalties made during a prior or subsequent calendar year shall have no effect on the annual minimum nrinimum royalty due XXXX for any other given calendar year. If this Agreement is terminated early, the minimum amount will be prorated for that final year.