Running Royalties definition

Running Royalties means the royalty or royalties from time to time payable pursuant to Section 5.

Running Royalties has the meaning set forth in Section 3.02.

Running Royalties. 0% Support Services Rate: 1st year of Support Services is included in the license fee and starts on the Effective Date. Support services may be renewed on an annual basis, at an annual rate of: $81,250 Professional Services: None Licensed Technology Delivery Method: Verilog Evaluation License: No SIFIVE: SIFIVE, INC. Name: Title: Date: CUSTOMER: XYZ Corp Name: Xxxx Xxx Title: Sr. Design Engineer Date: October 1, 2017 TERMS AND CONDITIONS

Examples of Running Royalties in a sentence

• In the event that Licensee is required to pay Third Party Royalties, then Licensee may deduct an amount equal to fifty percent (50%) of any Third Party Royalties from any Running Royalties due University hereunder (See: Section 4.01(D)) if and only if: (a) the third party is not an Affiliate of Licensee or any Permitted Sublicensee; and (b) the application for the third party patent upon which such claim is based has a priority filing date no more than eighteen (18) months prior to the Effective Date.

• Notwithstanding the foregoing, Running Royalties otherwise due University may never be less than fifty percent (50%) of the Running Royalties that would be payable to University absent the effects of this Section 4.01(G).

• License Maintenance Fee of ____Thousand Dollars ($_,000) per calendar year payable as of December 31, 20-- and as of December 31 of each year thereafter; provided, however, that Running Royalties paid by Licensee for a given year shall be creditable against any License Maintenance Fee due during said year.

• Beginning January 1, 201_, Running Royalties equal to _____ percent (__%) of Net Sales of the Licensed Products and Licensed Processes made, used, leased or sold by or for Licensee.

• Running Royalties accrued during each quarter (any part in the first or last quarter) during the term of this Agreement shall be paid to University or any other person designated by University in writing from time to time within thirty (30) days after the end of such quarter.

More Definitions of Running Royalties

Running Royalties shall have the meaning set forth in Article 5.1(d) hereof.

Running Royalties has the meaning set forth in Section 4.01(D).

Running Royalties is defined in Section 5.1 of this Agreement.

Running Royalties means the payments owed to Licensors based on Succinic Acid Equivalent as specified in Section A of Exhibit B.

Running Royalties mean as set forth in Clause 6 hereof.

Running Royalties means a royalty paid on NET SALES of LICENSED PRODUCTS or LICENSED PROCESSES.

Running Royalties means the running royalties as specified in section 11.4.1 of the Key Details.