Examples of Royalty Amount in a sentence
During the Exclusive Period, on or before each January 1 following the Effective Date, Licensee will pay to the University the Minimum Royalty Amount as specified in the Principal Terms & Milestones List for the indicated MRA Year, wherein MRA Year 0 begins on the January 1 following the Effective Date, MRA Year 1 begins on the second January 1 following the Effective Date, etc.
If there is a failure to pay any royalty payment when due, or only a portion is paid, or in the event of any other unremedied Event of Default under this Contract, IEDA may declare the Total Royalty Amount to be Repaid to be immediately due and payable.
In case of Equal Monthly Royalty Amount of highest bidders(s), the allotment of work shall be done by giving 48 hrs (2 working days) from the day of opening of packet C on same BID-Document number for re-quoting and such development needs to done by IT department in MCGM's SRM system.
Upon the expiration or termination of this Agreement for any reason other t han Discover's uncured breach or Section 8.2 (e), if the Threshold Royalty Amount (as defined in Section x.x below) exceeds the amount of the Royalties that would be due but for the payment of such advances, then Organization shall return the difference to Discover within thirty (30) days after the termination or expiration of this Agreement.
If at any point during this agreement, the total amount paid to the Organization by either the Initial Advance or Subsequent Advance Payments exceeds the total royalty payments earned, Additional Royalty Payments will cease until the Threshold Royalty Amount is met.