Sublicensee Revenues. Sublicensee Revenues accrue upon receipt by Licensee. Within forty-five (45) days of the Sublicensee’s payment date to Licensee, Licensee shall pay University royalty on Sublicensee Revenue as set forth on Schedule 1. Royalty Payments on Sublicensee Revenue made to University may be credited toward the Annual Minimum payments as set forth on Schedule 1 for the License Year that the Sublicensee Revenue royalty payment accrues, and only for that License Year. Licensee shall not receive Sublicensee Revenue other than in the form of cash payments without written approval from University and agreement with University on the fair market value.
Sublicensee Revenues. BERLITZ shall pay CTW 50% of Net Profits in respect of sublicenses of rights granted hereunder to non-BERLITZ Affiliate sublicensees or other non-BERLITZ Affiliate third-parties (collectively, "Sublicensees") of rights granted to BERLITZ hereunder.
Sublicensee Revenues. Subject to the provisions of Section 3.1(d)(vii), Dainippon shall pay to MGI one-third (1/3) of all revenues received by Dainippon from any permitted sublicensee of any of Dainippon rights hereunder, other than royalties on such sublicensee's sales of Products, including, without limitation, any milestone payments, funded research and development fees, licensee fees paid by such sublicensee to Dainippon ("Sublicensee Revenues"). Sublicensee Revenues shall be payable by wire transfer to MGI within thirty (30) days after the end of the calendar quarter in which such Sublicensee Revenues are accrued or realized. Dainippon agrees to provide to MGI, simultaneously with any such payment, a report which shows the basis for such payment, including a good faith estimate of any savings realized by Dainippon by means of such sublicense and the means for determining such estimate.
Sublicensee Revenues. Sublicensee Revenues accrue upon receipt by Licensee. Within forty-five (45) days of the Sublicensee’s payment date to Licensee, Licensee shall pay University royalty on Sublicensee Revenue as set forth on Schedule 1. Royalty payments on
Sublicensee Revenues. In the event that Licensee shall enter into any sublicenses (as provided for above), the Total Net Revenue from Stores operated by such sublicensees shall be added to Licensee's Total Net Revenue for purposes of calculating the Royalty Payment to be made to Licensor by Licensee. Any royalty earned by Licensee from such sublicenses in excess of the royalty payable to Licensor shall be the property of Licensee.
