Payment of Royalties definition

Payment of Royalties. All royalty payments described in paragraphs 3.1 and 3.2, above, shall be made at Block's discretion by wire transfer or certified check.
Sample 1

Examples of Payment of Royalties in a sentence

  • Payment of Royalties of such materials is to be borne by the contractor, and his quoted rates shall be deemed to include for the same.

  • Payment of Royalties of such materials is to be borne by the contractor, and his quoted rates shall be deemed to include for the same.(b) If contractor himself is primary license holder of quarry / mines then he shall submit the royalty payment certificate as per specimen given here under, since he himself pays the royalty to concerned state deptt.

  • Payment of Royalties and VAT due under this tariff is due either on receipt of invoice or in cases where Royalties exceed €150.00 by means of a banker’s direct debit completed at the time of the issuing of the Dual Licence Contract.

  • Payment of Royalties, technical service or management fees and charges in accordance with the respective agreement for such payments as approved by the Royal Government of Bhutan.

  • Payment of Royalties with respect to each calendar quarter shall be due within forty-five (45) days after the end of each quarter, beginning with the calendar quarter in which the first sale of a Service occurs.

  • Payment of Royalties for a calendar quarter will be due by the last day of the month following the end of each calendar quarter in which Gold Bullion or Other Products containing gold and other minerals of any type are sold or returned or credited to Grantor (the “Payment Date”).

  • Advance Payment of Royalties Proposed, LA REPÚBLICA (15 June 2006), p.

  • Ex. CE-533, Advance Payment of Royalties Proposed, LA REPÚBLICA (15 June 2006).

  • Almost 80% of gemstone miners in Sri Lanka operate legally at a fee of only US$10 per license, which is typically issued within only two to three weeks of application.• Incentives for Payment of Royalties and Taxes: Again, Guyana’s low royalty (3%) paid on a standard diamond value of US$75 per carat (combined with an easy to administer reporting and tracking system) sets the standard.

  • Payment of Royalties can be made only via electronic funds transfer (EFT) to a United Kingdom bank account.

Related to Payment of Royalties

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

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

  • 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.

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

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

  • 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.

  • 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 royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • 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.

  • 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.

  • Sublicense Revenue means [***].

  • 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;

  • Sublicense Revenues means [***].

  • 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.

  • 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.

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

  • 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:

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Licence Fees means the fees payable by you under this Agreement to us excluding VAT and all other relevant taxes, where applicable, as detailed by us from time to time including through our website, as part of a written quotation or renewal;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

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

  • Royalty Rate means the percentage defined in Exhibit B.

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