Annual Minimum Royalties definition

Annual Minimum Royalties has the meaning assigned and ascribed in Section 3.5.
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Annual Minimum Royalties means the royalty payments so described and set out in Schedule D, to be determined by the LICENSOR and paid by the LICENSEE throughout the Term;
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Annual Minimum Royalties means the annual minimum royalties set out in Schedule 2 for each of the years referred to in Schedule 2;
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Examples of Annual Minimum Royalties in a sentence

  • During the Royalty Term, Transave shall pay to PARI an Annual Minimum Royalty in US dollars in accordance with Section 9.3 below; provided, however, that, in the event Transave has permanently discontinued to Exploit the Drug Product for CF in accordance with Section 7.1(a), then the Annual Minimum Royalty shall no longer be applicable for the Drug Product for CF but the obligation to pay Annual Minimum Royalties for the Drug Product for Bronchiectasis shall remain in effect.

  • If CWRU terminates this Agreement pursuant to this Section, Licensee shall still pay CWRU any Annual Minimum Royalties due for the next Year thereafter, notwithstanding termination of Licensee's rights hereunder.

  • Licensee may terminate this Agreement for any reason if Licensee provides Licensor with sixty (60) calendar days prior notice of its intent to terminate and pays Licensor all Patent Costs owed at the time of termination, if applicable, and all other fees, Annual Minimum Royalties, Royalties, and any other consideration due under Exhibit B in, or at the end of, the year of termination, whichever is greater.

  • Payments shall be made in US dollars for: Royalties on Net Sales within the US and on Annual Minimum Royalties.

  • If CWRU terminates this Agreement pursuant to this Section, Licensee shall still pay CWRU any Annual Minimum Royalties due for the next Year thereafter, notwithstanding termination of Licensee’s rights hereunder.

  • The parking proposal was as a result of an occupancy survey done last year, as well as feedback from the residents and business owners that there weren’t enough long term parking spaces in the centre.

  • If CASE terminates this Agreement pursuant to this Section, Licensee shall still pay CASE any Annual Minimum Royalties due for the next Year thereafter, notwithstanding termination of Licensee’s rights hereunder.

  • The licensee may ask for credits for prior years’ Annual Minimum Royalties that were not used (either because sales were too low to generate sufficient earned royalties to utilize all the available credit or because it was anticipated that the product wouldn’t be in the market yet, so the AMR was effectively a license maintenance payment).

  • Upon such termination, any and all obligations of Licensee in respect of the Licensed Products and Technology will cease, including but not limited to Licensee’s obligations to pay Annual Minimum Royalties, and any and all Technology rights granted to Licensee by Licensor will also cease.

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More Definitions of Annual Minimum Royalties

Annual Minimum Royalties. AVIGEN shall pay BTG an annual minimum royalty payment for each calendar year in which royalties are due under this Agreement, payable in advance in equal quarterly installments on the first day of each quarter, i.e., January 1, April 1, July 1 and October 1 of each calendar year, beginning with the calendar year of the First Commercial Sale as follows:
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Annual Minimum Royalties. If the Earned Royalties for a Calendar Year do not equal the Minimum Annual Royalty amount as shown below, Licensee shall pay UT-Battelle the difference between the amount of actual royalties paid and the Minimum Annual Royalty by March 31 of the following Calendar Year: Calendar Year Minimum Annual Royalty (U.S. Dollars) 2001 onward: [*] N O T I C E THIS EXHIBIT CONTAINS FINANCIAL AND COMMERCIAL INFORMATION THAT IS BUSINESS CONFIDENTIAL AND THE PARTIES HEREBY AGREE NOT TO USE OR DISCLOSE THIS EXHIBIT TO ANY THIRD PARTY WITHOUT THE ADVANCE WRITTEN APPROVAL OF THE OTHER PARTY HERETO, EXCEPT TO THOSE NECESSARY TO ENABLE THE PARTIES TO PERFORM UNDER THIS AGREEMENT OR AS MAY BE REQUIRED BY THE UT-BATTELLE CONTRACT WITH THE DOE UNDER THE SAME RESTRICTIONS AS SET FORTH HEREIN. NOTWITHSTANDING THE FOREGOING, EITHER PARTY MAY DISCLOSE THE PROVISIONS OF THIS EXHIBIT UNDER STANDARD OBLIGATIONS OF CONFIDENTIALITY AND NON-USE ON A NEED-TO-KNOW BASIS, TO INVESTORS AND THEIR REPRESENTATIVES IN A PRIVATE OR PUBLIC EQUITY FINANCING TRANSACTION, OR TO POTENTIAL ACQUIRERS OR TARGETS AND THEIR REPRESENTATIVES IN A CORPORATE CHANGE OF CONTROL TRANSACTION, OR TO OTHER THIRD PARTIES IN CONNECTION WITH POTENTIAL COMMERCIAL TRANSACTIONS INVOLVING THE SUBJECT MATTER OF THIS AGREEMENT (E.G., COLLABORATION AGREEMENTS, DISTRIBUTION ARRANGEMENTS, ETC.). Initials UT-Battelle: /s/ ARF ------- Date: 11/13/02 Licensee: /s/ MRK ------- Date: 11/27/2002 [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. EXHIBIT C, DEVELOPMENT AND COMMERCIALIZATION PLAN Licensee agrees to invest in the development of technology and market for Products practicing one or more Claims within the New Proprietary Rights by committing Licensee's resources, at a minimum, to achieving at least one of the following two requirements:
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Annual Minimum Royalties. Annual Minimum Royalties shall be Twenty-five Thousand Dollars ($25 ,OOO) per year calendar year until this Agreement is terminated. Annual Minimum Royalties shall be due within thirty (30) days of each December 31st following the Effective Date for the duration of the Agreement. The Annual Minimum Royalty for the first and last year of this Agreement shall be prorated based on the number of days the Agreement is effective for the given year. In the event that Earned Royalties in any Contract Year shall be less than the Annual Minimum Royalties, Licensee shall pay the difference between Earned Royalties and Annual Minimum Royalties with the payment for the fourth quarter of the Contract Year. The Maximum Annual Royalty shall be Two Hundred Thousand Dollars ($200,000) per calendar year until this Agreement is terminated.
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Related to Annual Minimum Royalties

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

  • 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.

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

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

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

  • 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.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Net Sales means [***].

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

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

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

  • 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.

  • Gross Profits means the gross profits calculated under section 4;

  • Royalty Rate means the percentage defined in Exhibit B.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • License year means the period of time for which a

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • 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.

  • Net Revenues means the difference between:

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

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

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Sublicense Revenue means [***].