Minimum Royalty definition

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

Minimum Royalty means the minimum sum payable to the Licensor by the Licensee by way of Royalty in respect of each Contract Year as provided in sub-clause 9.3;

Minimum Royalty. , in relation to a record, means the amounts applicable in respect of the record under sections 57 (3) and 58 (b) (i) or, if those provisions are affected by regulations made for the purposes of section 59, under those provisions as so affected;

Examples of Minimum Royalty in a sentence

• The Minimum Royalty shall be paid in advance on a quarterly basis for each year in which this Agreement is in effect.

• Any Minimum Royalty paid in a calendar year will be credited against the earned royalties for that calendar year.

• Upon the end of a relevant Contract Year, the Minimum Royalty paid in advance pursuant to this Section 6.2 shall be applied in reduction of the royalties to be paid for such Contract Year as provided in Section 6.1 above.

• In the event that the total amount of Percentage Royalty accrued for a particular Contract Year exceeds the amount of Minimum Royalty for such Contract Year, such excess amount shall be paid within forty-five (45) days following the end of such Contract Year.

• Minimum Royalty and Percentage Royalty shall be payable in accordance with Sections 6.2 and 6.3 below.

More Definitions of Minimum Royalty

Minimum Royalty shall have the meaning ascribed to that term in Section 5.2 hereof.

Minimum Royalty has the meaning set forth in Section 4.4(c).

Minimum Royalty means

Minimum Royalty means, with respect to the revenue share pricing model indicated in the Price List, the minimum subscription fee, as stipulated by SAP in the Price List.

Minimum Royalty means, in respect of each Contract Year, the amount of minimum guaranteed royalty set opposite the column of such Contract Year in Exhibit A attached hereto.

Minimum Royalty means, with respect to each Product, the minimum royalty amount to be paid by ST to RFM, as mutually agreed upon in writing by the parties. Prior to the first shipment of Product by ST to a Customer, the parties shall negotiate in good faith and agree in writing upon the Minimum Royalty. Thereafter, the parties shall negotiate in good faith and agree in writing upon a revised Minimum Royalty prior to, and effective on, […***…]. In the event the parties do not agree on a revised Minimum Royalty prior to […***…] pursuant to the foregoing sentence, […***…].

Minimum Royalty is defined in the Preamble above.