Additional Royalty definition

Additional Royalty has the meaning provided in Section 4(a)(ii).
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Additional Royalty means an amount equal to the sum arrived at by multiplying the number of units of the Products in excess of One Hundred Thousand (100,000) sold or manufactured for or by the LICENSEE during each Royalty Period, by FIVE CENTS ($0.05) for each excess Exclusive Product.
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Additional Royalty has the meaning ascribed to the term in Schedule 3.
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Examples of Additional Royalty in a sentence

  • Approximate blended royalty rates as described in the press release “Royal Gold Announces Acquisition of Additional Royalty Interests on the World-Class Cortez Gold Complex in Nevada and Outlines Simplified Approach to Describing Royal Gold’s Multiple Royalty Interests at Cortez” issued January 5, 2023.​ TABLE 3Operator’s Estimated and Actual Production ​​​​​​​​​​​​​​​​1Production estimates received from the operators are for calendar 2023.

  • Under the Additional Royalty agreement, TMAC had the right to buy back the entire Additional Royalty for a cash payment of $50.0 million in the event of a change of control transaction of TMAC (as defined in the Additional Royalty agreement) that was announced prior to June 30, 2021.

  • If Licensee acts outside the scope of the license granted in Section 2.1 or fails to make any payment required in Section 3.1 of this Agreement and fails to cure such action, or if Licensee fails to cure a material breach of Section 2.2(i), then the License will be terminated and all of the payments set forth in Section 3.1 herein (including both the Initial Royalty and the Additional Royalty) will be accelerated and deemed immediately due and payable as of the date of such termination.

  • During the year ended December 31, 2019, the Company had net cash outflows from investing activities of $100.6 million primarily from the cash portion of the consideration for the Kinross Portfolio and the purchase of the Additional Royalty and Bonus Royalty on Hope Bay mine and the El Mochito Stream.

  • From that date forward, no Additional Royalty payments will be due.

  • We already hold an existing 1.5% NSR on the peripheral Ojo de Agua area, which is owned by Tiernan and forms part of the Volcan project.Acquisition of Additional Royalty Interest on Caserones – ChileWe acquired, through a wholly-owned subsidiary, an incremental effective NSR totaling 0.1120% on the Caserones copper-molybdenum mine, now owned by Lundin Mining Corporation, located in the Atacama region of Chile.

  • With respect to the acceleration of Licensee’s payment obligations hereunder, the total payment obligations due shall be deemed to be the one-million U.S. dollars ($1,000,000) Initial Royalty minus all actual payments of the Initial Royalty made by Licensee to NetRatings under this Agreement as of the Termination Date, plus all Additional Royalty payments due as of the Termination Date.

  • Unless or until Licensee’s obligation to pay the Additional Royalty and Licensee Provider Royalty is fully satisfied or has terminated, NetRatings shall have the right, upon reasonable notice to Licensee, up to one (1) time during each calendar year during the Term and for three (3) years thereafter, to audit Licensee’s books and records relevant to the calculation of Licensee’s Revenue.

  • Any Additional Conveyance must be identical in all respects to the Initial Conveyance, except for changes which may be necessary to ensure that the Additional Royalty Interest conforms to the conditions set forth herein.

  • In the event of any VSI/WSS Change of Control Event, the VSI/WSS Additional Royalty required pursuant to Section 3.1(ii) and the Accelerated Initial Royalty required pursuant to Section 3.1(i) shall be immediately due and payable and shall be paid to NetRatings within fifteen (15) business days of the effective date of the VSI/WSS Change of Control Event.


More Definitions of Additional Royalty

Additional Royalty or “ADDITIONAL ROYALTIES” shall have the meaning set forth in Article 5 of this AGREEMENT.
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Additional Royalty means the additional royalty payable in accordance with Regulations [64 bis] and [64 ter].
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Additional Royalty means the additional royalty payable in accordance with regulation [64Bis] and [64Ter].]
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Additional Royalty has the meaning ascribed thereto in Section 6(a).
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Related to Additional Royalty

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Third Party Royalties means any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • License year means the period of time for which a

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).