Prepaid Royalties definition
Examples of Prepaid Royalties in a sentence
However, if ATMI elects not to receive the Fourth Wets Workflow as set forth in Quote #4, then ATMI shall not be eligible for a refund on the Pre-paid Royalties for that Wets Workflow as set forth in this Section.
Each installment of Prepaid Royalties shall be due within thirty (30) days after receipt by Licensee of a relevant invoice to be issued by MoSys after the completion of each milestone as set forth in Appendix E.
Prepaid Royalties may be used to offset against future Royalties of any LICENSED PRODUCT for the Project due under this Agreement.
As used herein, "Prepaid Royalties" means royalties in the amount of $[*****] that were prepaid by LICENSOR to SUMM▇▇▇, ▇▇ss an amount equal to the amount of royalties payable by LICENSOR to SUMM▇▇▇ ▇▇▇er the License Agreement for the period beginning April 1, 2000 and ending May 31, 2000.
Upon termination of this Agreement for any cause, the Prepaid Royalties Balance shall be refunded to Clearwire, as provided in Section 2.02.
Clearwire shall cause to be paid to the Licensee the amount of [***] (the "Prepaid Royalties") upon execution of this Agreement.
The Prepaid Royalties shall be applied as provided in Section 1.02(b), against amounts otherwise due from Clearwire to Licensee with respect to IUAs for Initial Spectrum Capacity and Future Spectrum Capacity.
The term of this Agreement (the "Term") will commence on the Effective Date and will continue until the earlier of (1) eighteen (18) months after the Effective Date, (2) the date on which Clearwire has used all of the Prepaid Royalties for accessing Future Spectrum Capacity pursuant to this agreement, or (3) the date on which Licensee has returned to Clearwire (in cash) the entire amount of the Prepaid Royalties that has not been used for accessing Future Spectrum Capacity pursuant to this Agreement.
Clearwire has the right, in its sole discretion, to extend the date on which the Prepaid Royalties Balance must be refunded.
The terms of this Agreement commence upon Microsoft’s receipt of the Prepaid Royalties and continue in effect until all of Microsoft’s rights under the Necessary Claims expire, unless this Agreement is terminated.