Royalty Period definition

Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

Royalty Period shall have the meaning set forth in Section 5.5.1(c).

Royalty Period means, on a Licensed Product-by-Licensed Product and country-to-country basis, the period commencing on the Effective Date and ending on the later of (a) the expiration of the last-to-expire Valid Claim or Exclusivity Right, or (b) 15 years from the date of the First Commercial Sale.

Examples of Royalty Period in a sentence

• Such examination shall be made at University’s expense, except that if such examination discloses a shortage of three percent (3%) or more in the amount of royalties and other payments due University for any Royalty Period, then Licensee shall reimburse University for the reasonable cost of such examination or audit, including any professional fees and out of pocket costs incurred by University.

• Licensee will accompany each written statement with copies of all reports and statements from Sublicensees received by Licensee in the Royalty Period.

• Payment of royalties and other amounts with respect to each Royalty Period, and the accompanying accounting report set forth in subparagraph (b) below shall be due within forty-five (45) days after the end of such Royalty Period as set forth on Schedule 1, beginning with the Royalty Period in which the first Net Sale accrues.

• The Royalty Period will begin on [insert date] and will end on [insert date].

• The Proponent will pay to the Minister a royalty of [insert percent] % of annual Gross Business Revenues during the Royalty Period.

More Definitions of Royalty Period

Royalty Period means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

Royalty Period has the meaning set forth in Section 6.2.2.

Royalty Period shall have the meaning given in Section 8.7(iv).

Royalty Period will have the meaning described in Section 3.2.1.

Royalty Period means one of two six (6) month periods during a calendar year, the first beginning on January 1 and ending June 30 and the second beginning on July 1 and ending December 31, except that the initial Royalty Period shall begin on the Effective Date and end on December 31 of that same calendar year.

Royalty Period means, with respect to a given Product on a country-by-country basis, the period of time commencing on the date of the First Commercial Sale of the First Product sold (or otherwise disposed of commercially) in such country by a Party (or its Affiliate, licensee, or sublicensee) and continuing [ * ], unless terminated earlier by written agreement of the Parties.

Royalty Period means a period of four (4) consecutive Calendar Quarters, none of which Calendar Quarters comprise part of any other Royalty Period, and the first of which Royalty Periods shall commence with the Calendar Quarter during which the Launch occurs.