Product Royalties definition

Product Royalties means all payments received by Auxilium which are based on sales of Products, but shall not include milestone payments related to achievements which are not sales based.
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Product Royalties means all Consideration designated as a royalty, which Immunomedics receives for the license or use of its technology(ies), products, inventions, patents, or other intellectual property. For purposes of this Agreement, a patent or copyright will be deemed valid in any territory in the world if at least one (1) valid claim of the patent or copyright exists in any territory in the world.
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Product Royalties means the royalties payable by Monsanto to Evogene pursuant to Section 6.
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Examples of Product Royalties in a sentence

  • Royalties Product Royalties to Shire $MYear on year growth Royalty income increased by 88% in Q1 2010 compared to 2009 due to royalties received on sales of Impax’s authorized generic version of ADDERALL XR, which commenced in October 2009.

  • Royalties Product Royalties to Shire $MYear on year growth Q3 2014% of product sales Q3 2013% of product sales $M $M Cost of product sales (US GAAP)254.316%180.515%Unwind of ViroPharma inventory fair value step-up (18.1) - Depreciation(16.9) (10.2) Cost of product sales (Non GAAP)219.314%170.315%3.

  • Royalties Product Royalties to Shire $MYear on year growth As expected, royalty income from 3TC and ZEFFIX continued to decline due to increased competition from other products and the expiry of patents in certain territories.

  • At the end of any fiscal year, if the surplus accounts otherwise would be less than the minimum amount determined by the Board as necessary to maintain adequate capital reserves to meet the requirements of any general financing agreement or other commitments of the Association, the Association shall apply earnings for the year to the unallocated surplus account in such amounts as may be determined necessary by the Board.

  • Purchaser shall pay Seller all Product Royalties owed to Seller in arrears not later than thirty (30) days following the end of each calendar quarter during the Royalty Period.

  • Competitors must wear the competition singlet/vest provided by the sponsors from time of issue until returned to the beach marshal at the completion of the heat, and if appropriate, during the awards presentation or a penalty may be imposed.

  • In addition, under the Deerfield Guarantee, the Company and Holdings guaranteed that Deerfield would receive certain minimum annual FSC Product Royalties through February 6, 2026 (the “Minimum Royalties”).

  • All payments of Product Royalties by Purchaser to Seller shall be made by wire transfer in immediately available funds to the same account used for the payment of the Closing Consideration (unless otherwise notified by Seller to Purchaser at least 2 days prior to such payment date).

  • The Seller Parties shall be responsible for the fees and expenses of the Independent Auditor, provided, h owever, that Purchaser shall reimburse the Seller Parties in full for all such costs and expenses of the Independent Auditor if the Independent Auditor determines that the Product Royalties or Net Sales Milestones paid by Purchaser hereunder are less than ninety-five percent (95%) of the amount actually owed for the relevant period of the audit.

  • Purchaser shall, from the Closing Date until the date that is two (2) years following the end of the RoyaltyPeriod, keep accurate books of all accounts and other records in sufficient detail so that the Product Royalties or Net Sales Milestones payable under this Agreement can be properly and fully ascertained.


More Definitions of Product Royalties

Product Royalties means those Fees described as such in EXHIBIT A (“FEES”).
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Product Royalties means the First Fusarium Product Royalties and the Remaining Fusarium Product Royalties, collectively.
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Product Royalties has the meaning set forth in Section 5.2.
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Product Royalties means any royalty payments made by Buyer in connection with the Products to any third parties, including Xxxxxx Xxxxxxx.
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Product Royalties is defined in Section 3(a)(2)(B).
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Related to Product Royalties

  • 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.

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

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

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

  • Net Sales means [***].

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

  • 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.

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

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

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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 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.

  • 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.

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

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • 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;

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

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

  • Diagnostic Product means In Vitro Diagnostics, In Vivo Diagnostic Agents and any product used for Diagnosis.

  • 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.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • 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:

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

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

  • Licensed producer means a person or entity licensed to produce medical cannabis.