Minimum Royalties Sample Clauses

Minimum Royalties. The minimum annual royalties to be paid by Licensee hereunder, commencing with the granting of a license to Produce from Grantor to Licensee will be $20,000.00. The minimum annual royalties to be paid hereunder are non-accumulative.

Minimum Royalties. Beginning on the third (3rd) anniversary of the Effective Date, Licensee shall pay CSMC a minimum royalty of $10,000 per year (“Minimum Royalty”). Each annual payment of the Minimum Royalty shall be credited against Royalties payable such that no Royalties shall be payable unless the Royalties for such annual period exceed $10,000; provided, that excess amounts paid in respect of the Minimum Royalty may not be carried over to the following calendar year.

Minimum Royalties. (a) In partial consideration of the License, commencing with the first Sale of a Licensed Product, Company will also pay to Penn the amount, if any, that the applicable minimum royalty listed in the table below exceeds Penn’s earned royalties on Net Sales of Licensed Products. QUARTER: First 4 Quarters Next 4 Quarters Next 4 Quarters All Quarters thereafter MINIMUM: [**] [**] [**] [**]

Minimum Royalties. In the event that, following the first Sale of a Licensed Product (“First Sale”), the aggregate royalties paid to EMORY on behalf of the LICENSOR during any calendar year pursuant to Section 3.2 hereof do not exceed the minimum royalty set forth in APPENDIX E, COMPANY shall pay to EMORY on behalf of the LICENSOR no later than [*****] following the last day of such calendar year the difference between such minimum royalty amount and the actual royalties paid.

Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $175,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts: At 12 months, $10,000 At 24 months, $25,000 At 36 months, $40,000 Annually thereafter, $50,000.

Minimum Royalties. (i) During the Term, Licensee shall pay to Licensor a minimum royalty consisting of an advance payment to be applied against a minimum guarantee for the Term. The amounts of the advance and minimum guarantee and the payment dates for such amounts are specified in Schedule F. No part of any such minimum royalty for the Term shall in any event be repayable to Licensee. Any royalty payments received by Licensor which exceed the Term's minimum royalty shall not be credited toward the next succeeding term's minimum royalty. (ii) The royalties due from Licensee to Licensor pursuant to Paragraph 4 (a) with respect to sales made of Licensed Products during the Term shall be applied first against any advance payment made to Licensor for the Term. After such advance payment has been recouped for the Term, all royalties due with respect to sales made of Licensed Products during the Term that are in excess of the advance payment made to Licensor for the Term shall be paid by Licensee to Licensor in accordance with this Paragraph 4. If as of the date the minimum guarantee is due for the Term, the total of the advance payments and royalty payments made to Licensor with respect to sales made of the Licensed Products during the Term is less than the minimum guarantee for the Term, Licensee shall pay to Licensor on the expiration of the Term the difference between the minimum guarantee less all prior advance payments and royalty payments made by Licensee to Licensor with respect to the Term. Licensee shall also pay to Licensor when due any royalty payments due with respect to sales of Licensed Products made during the last quarter of the Term and the sell off period to the extent that such royalty payments exceed the difference between the minimum guarantee for the Term less all prior advance payments and royalty payments made by Licensee to Licensor with respect to the Term. (iii) During any renewal term (“Renewal Term”), Licensee shall also pay Licensor a minimum royalty consisting of an advance payment to be applied against a minimum guarantee for the Renewal Term. The amounts of the Renewal Term advance and minimum guarantee and the payment dates for such amounts are specified in Schedule F. No part of any such minimum guarantee for the Renewal Term shall in any event be repayable to Licensee. Any royalty payments received by Licensor which exceed the Renewal Term=s minimum royalty shall not be credited toward the prior Term or the next succeeding, if any, Renewal Term...

Minimum Royalties. Section 3.3 shall be amended so that the phrase “Royalties on Net Sales of Licensed Products excluding Spinal Licensed Products and ENT Licensed Products” in the fourth sentence shall be replaced with the phrase “Royalties on Net Sales of Licensed Products excluding Spinal Licensed Products, ENT Licensed Products and Interstitial Needle Products.”

Minimum Royalties. Notwithstanding Section 6.1, Argonaut agrees to pay at least the following minimum royalties for the licenses and other rights granted herein ("Minimum Royalty"). For the calendar year 2002, the Minimum Royalty shall be six hundred thousand dollars ($600,000), for the calendar year 2003, the Minimum Royalty shall be six hundred fifty thousand dollars ($650,000), for the calendar year 2004, the Minimum Royalty shall be four hundred fifty thousand dollars ($450,000). The Minimum Royalty shall be the minimum amount Argonaut shall be required to pay Symyx in total royalties for each respective calendar year pursuant to this Article 6. Minimum Royalties shall be payable on a quarterly basis. For calendar year 2002, the Minimum Royalty shall be payable as follows: 2002 Amount First Quarter $132,000 Second Quarter $132,000 Third Quarter $146,000 Fourth Quarter $190,000 For subsequent years of the Term, Minimum Royalties payable each quarter shall be determined in the following manner: Argonaut shall prepare a bona fide annual sales forecast for the upcoming year no later than December 1 of the preceding year, which forecast shall be consistent with its sales and revenue forecast produced for internal budget and planning purposes, and shall provide such forecast to Symyx along with a proposed quarterly payment schedule for the Minimum Royalty for that year. The proposed quarterly payment schedule shall reflect quarterly payments bearing the same proportion to the Minimum Royalty as the sales forecasts for such quarter bears to the annual sales forecast, provided that each quarterly payment shall be no less than fifteen percent (15%) of the Minimum Royalty for that calendar year. Should the total royalties paid or due to Symyx by Argonaut under Section 6.1 for any calendar quarter be less than the Minimum Royalty payments under the payment schedule for that calendar quarter, Argonaut agrees to pay such difference to Symyx within sixty (60) days of the end of that calendar quarter. If at any point during the calendar year, the actual royalties due to Symyx by Argonaut for that calendar year exceeds the Minimum Royalty for that calendar year, Argonaut shall not be required to pay any further Minimum Royalties for such year, provided, however, that Argonaut shall still be liable for all royalties actually incurred pursuant to Section 6.1. 2. Section 11.1. shall be deleted and replaced by the following section:

Minimum Royalties. Lessee covenants and agrees to pay to Lessor an annual advance minimum royalty (“Minimum Royalty”) of 16,000 tons of coal, delivered f.o.b., barge, the mine, or to such other location mutually agreed to by Lessor and Lessee. Minimum Royalty for the first lease year shall be delivered to Lessor sixty (60) days following the execution of this Agreement, and all Minimum Royalty after the first lease year shall be due and delivered in full on or before each anniversary of the date of this Agreement. Minimum Royalty shall be of a quality equal to the minimum standards set forth on Exhibit C. Minimum Royalty shall be recoupable against earned royalty for coal mined at a rate not to exceed Five Hundred Thousand Dollars ($500,000) per calendar year. Recoupment against in kind earned royalty shall be calculated at the rate per ton equal to the Average Gross Sales Price per ton for coal sold to third parties of a quality equal to the minimum standards set forth on Exhibit C, as the same is calculated under subparagraph 2(e).