Running Royalty Payments. Company will pay to University within 30 days after the last day of each calendar quarter during the term of this Agreement, and during any Sell-Off Period, an amount equal to X% of Net Sales during such quarter as a running royalty payment.
Running Royalty Payments. Company shall pay to University within [***] days after the last day of each calendar quarter during the term of this Agreement and the Post-termination Period an amount equal to [***] of the Net Sales of all sales, leases, or dispositions of Licensed Products made by Company and its Sublicensees during such quarter as a running royalty payment.
Running Royalty Payments. For the term of this Agreement, Company shall pay to University a percentage of quarterly Net Sales as a running royalty payment according to the schedule below. Such running royalty payments will be due within 30 days after the last day of each calendar quarter.
Running Royalty Payments. The Company shall pay to the University within thirty (30) days after the last day of each calendar quarter during the term of this Agreement an amount equal to *** of the Net Sales Price of all sales, leases, or dispositions of Licensed Products made by the Company during such quarter as a running royalty payment. In the event that Company is required to pay royalties to one or more Third Parties as necessary to avoid infringement thereof by the manufacture, use, or sale of any Licensed Products, or to avoid infringement-related litigation with respect to such patents, then the running royalty rate specified shall be reduced by an amount equal to one-half of the royalties actually paid to the Third Party, provided that in no event shall the royalties otherwise due to the University be less than *** of the royalties that *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. would be payable to the University were the University the sole licensor with respect to such Licensed Products. For the avoidance of doubt, under no circumstance shall the royalty to the University be less than *** of Net Sales Price following such reduction.
Running Royalty Payments. As consideration for the rights granted herein by IMI to XxXXXX, XxXXXX hereby agrees to make the following royalty payments to IMI, on a Calendar Year by Calendar Year basis, and on a country-by-country basis:
Running Royalty Payments. During the Term and with respect to each country or jurisdiction within the Licensed Territory in which a Valid Patent Claim exists, the Licensee shall pay to UABRF royalties on all Net Sales of Licensed Products as set forth below: Entity Accomplishing Sales Royalty Rate to UABRF Licensee or Licensee’s Affiliates [*****] Sublicensees [*****] These payments shall be made on all Net Sales arising in such country/jurisdiction until the expiration of the last Valid Patent Claim in that country/jurisdiction. With respect to each country or jurisdiction within the Licensed Territory in which no Valid Patent Claim exists, Licensee agrees to pay to UABRF a running royalty of [*****] on all Net Sales arising in each such country/jurisdiction during the Term of this Agreement. For the avoidance of doubt, a running royalty shall only be payable to UABRF one time upon the Sale of any Licensed Product to an end user or consumer. All amounts owing to UABRF under this section shall be paid on a quarterly basis, on or before the [*****] following the end of the calendar quarter in which such amounts were earned.
Running Royalty Payments. Company will pay to University within 30 days after the last day of each calendar quarter during the term of this Agreement an amount equal to X% of Net Sales during such quarter as a running royalty payment. Minimum Annual Royalties. Company will pay minimum annual royalties for the term of this Agreement to be creditable against running royalty payments for the preceding calendar year on a non-cumulative basis and to be due in full and payable on January 31st of each year beginning on January 31st of the year following the first commercial sale and continuing during the term of this Agreement according to the following schedule: Calendar Year Minimum Annual Royalty Year 1 $XX,000 Year 2 $XX,000 Year 3 and each year after $XX,000
Running Royalty Payments. Company shall pay to HSI within 30 days after the last day of each calendar quarter during the term of this Agreement an amount equal to 5% of Net Income earned by Company during such quarter. Exhibit B Royalty Report Form Date Company Name & Address License Number Reporting Period: Report Due Date: This report must be submitted regardless of whether royalties are owed. Please do not leave any column blank. State all information requested below. Sources of Income Royalty Rate Net Income Royalty Due Report Completed by: Total Royalties Due: Telephone Number: If you have questions please contact: Please make check payable to: HyperSciences, Inc. HyperSciences, Inc. License Agreement
Running Royalty Payments. Company will pay to University within [***] days after the last day of each calendar quarter during the term of this Agreement an amount equal to (a) with respect to Licensed Products other than the Jointly Owned Licensed Product [***] of Net Sales of such Licensed Products during such quarter as a running royalty payment, and (b) with respect to the Jointly Owned Licensed Product [***] of Net Sales of the Jointly Owned Licensed Products during such quarter as a running royalty payment. On a country-by- country basis, and a Licensed Product-by-Licensed Product basis, if in a country there is no Valid Claim that covers the Licensed Product, then the foregoing royalty rate shall be reduced by [***] with respect to Net Sales of such Licensed Product in such country.
Running Royalty Payments. 4.2.1 Subject to Article 4.2.2, from the FIRST COMMERCIAL SALE until the expiration or termination of this AGREEMENT, deCODE shall pay to BAYER the following royalties on the NET SALES obtained for each PRODUCT during the term of this AGREEMENT, irrespective of whether such NET SALES are achieved by deCODE or SUBLICENSEEs in any country of the TERRITORY:
