PAYMENT OF TECHNOLOGY ACCESS FEES Sample Clauses

PAYMENT OF TECHNOLOGY ACCESS FEES. ▇▇▇▇▇▇ Corp. II shall pay Five Hundred Thousand Dollars ($500,000) on or before the forty-fifth (45th) day following the end of each calendar quarter, fifty percent (50%) to DURA, twenty percent (20%) to DDSI and thirty percent (30%) to ▇▇▇▇▇▇ Corp. Within sixty (60) days following the end of each calendar year, ▇▇▇▇▇▇ Corp. II shall provide to DURA, DDSI and ▇▇▇▇▇▇ Corp. a formal accounting of the Net Sales of each ▇▇▇▇▇▇ Product in such calendar year (the "Accounting"), and shall calculate the aggregate sum with respect to sales of all ▇▇▇▇▇▇ Products which would be due if ▇▇▇▇▇▇ Corp. II were to pay DURA five percent (5%) of the Net Sales in a calendar year for each ▇▇▇▇▇▇ Product (the "Net Sales Amount"). In the event that the Net Sales Amount is less than Two Million Dollars ($2,000,000), no additional payments shall be due and payable from ▇▇▇▇▇▇ Corp. II with respect to access to the Core Technology. In the event that the Net Sales Amount is greater than Two Million Dollars ($2,000,000), ▇▇▇▇▇▇ Corp. II shall promptly pay, but in no event later than five (5) business days following delivery of the Accounting to DURA, DDSI and ▇▇▇▇▇▇ Corp., the difference between the Net Sales Amount and Two Million Dollars ($2,000,000) with respect to access to the Core Technology, fifty percent (50%) to DURA, twenty percent (20%) to DDSI and thirty percent (30%) to ▇▇▇▇▇▇ Corp.
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PAYMENT OF TECHNOLOGY ACCESS FEES. Such technology access fees shall be due and payable on the forty-fifth (45th) day following the end of the quarter in which the Net Sales with respect to which such technology access fees are calculated.
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Related to PAYMENT OF TECHNOLOGY ACCESS FEES

  • Technology Access Fee After the Effective Date, within [***] days after receipt of the corresponding invoice from Mersana, Merck will pay to Mersana, a one-time, non-refundable, non-creditable, upfront fee of Twelve Million Dollars ($12,000,000.00) (the “Technology Access Fee”). Payment of the Technology Access Fee shall be subject to any withholding Tax obligations set forth in Section 6.9.1.

  • Technology Access Contractor expressly acknowledges that state funds may not be expended in connection with the purchase of an automated information system unless that system meets certain statutory requirements relating to accessibility by persons with visual impairments. Accordingly, Contractor represents and warrants to System Agency that the technology provided to System Agency for purchase (if applicable under this Contract or any related Solicitation) is capable, either by virtue of features included within the technology or because it is readily adaptable by use with other technology, of: • providing equivalent access for effective use by both visual and non-visual means; • presenting information, including prompts used for interactive communications, in formats intended for non-visual use; and • being integrated into networks for obtaining, retrieving, and disseminating information used by individuals who are not blind or visually impaired. For purposes of this Section, the phrase “equivalent access” means a substantially similar ability to communicate with or make use of the technology, either directly by features incorporated within the technology or by other reasonable means such as assistive devices or services which would constitute reasonable accommodations under the Americans With Disabilities Act or similar state or federal laws. Examples of methods by which equivalent access may be provided include, but are not limited to, keyboard alternatives to mouse commands and other means of navigating graphical displays, and customizable display appearance. In accordance with Section 2157.005 of the Texas Government Code, the Technology Access Clause contract provision remains in effect for any contract entered into before September 1, 2006.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof. (17) Sections 2.05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following:

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • License Maintenance Fees COMPANY shall pay to M.I.T. the following license maintenance fees on the dates set forth below: January 1, 2002 $ [***] January 1, 2003 $ [***] January 1, 2004 $ [***] January 1, 2005 $ [***] Each January 1st thereafter $ [***] This annual license maintenance fee is nonrefundable; however, the license maintenance fee shall be credited to running royalties subsequently due on NET SALES earned during the same calendar year, if any. License maintenance fees paid in excess of running royalties due in such calendar year shall not be creditable to amounts due for future years.