QUARTERLY ROYALTY Sample Clauses

QUARTERLY ROYALTY. The LICENSEE agrees to pay the above stated quarterly royalty without demand.
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QUARTERLY ROYALTY. Subject to the terms and conditions hereof, for each calendar quarter during the Term of the License, the Licensee shall pay to the Licensor, on or prior to __ days after the end of such calendar quarter, a quarterly royalty payment in an amount equal to [___% of the Net Sales (as defined below) during such calendar quarter] [$___ for each Licensed Product [manufactured/sold] by or on behalf of the Licensee or a Qualified Sublicensee during such calendar quarter]. All amounts payable to the Licensor under this Agreement shall be paid to the Licensor in U.S. dollars without any offset, deduction, or withholding. In the event that any amount payable to the Licensor under this Agreement is not paid when due, then the Licensee shall thereafter pay to the Licensor a late payment charge of the lesser of: (i) one and one-half percent (1 1/2%) per month; or (ii) the maximum charge permitted by applicable law; on all such amounts until such amounts are paid in full.
Sample 1
QUARTERLY ROYALTY. Within seven (7) days following the end of each calendar quarter beginning with the quarter ended September 31, 2000, ServiceWare shall pay Kana a royalty (the "Quarterly Royalty") equal to [*] percent ([*]%) of the gross license revenue, as recognized in accordance with ServiceWare's then standard accounting procedures, for the eService Suite product line (and excluding other product lines such as RighxXxxxxxx.xxx) xx ServiceWare for the quarter just ended (the "ServiceWare Gross License Revenue"). The Quarterly Royalty shall be calculated as follows: Quarterly Royalty = [*]% times (ServiceWare Gross License Revenue minus [*]) (The definition of [*] is set forth below under "Seat Limitation/[*]) Such Quarterly Royalty shall be accompanied by a report detailing the amounts of all transactions involving Kana and Bundled Products to support the Quarterly Royalty calculation, including the quantities and pricing and application of the Initial and other guaranteed Orders, and such other information as Kana may reasonably request.
Sample 1

Related to QUARTERLY ROYALTY

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

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

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