Royalty Arrangements Clause Samples

A Royalty Arrangements clause defines the terms under which one party pays royalties to another for the use of intellectual property, such as patents, trademarks, or copyrighted materials. Typically, this clause specifies the royalty rate, the calculation method (such as a percentage of sales or a fixed fee), payment schedules, and reporting requirements. By clearly outlining these terms, the clause ensures both parties understand their financial obligations and rights, thereby reducing the risk of disputes and providing a predictable framework for compensation.
Royalty Arrangements. Guarantor covenants that it will maintain the existing royalty arrangements between it and its Subsidiaries parties thereto on terms no less favorable to Guarantor than those that exist on the date hereof and as are set forth in Schedule 4.10, except for changes, to the extent necessary, to minimally comply with applicable legal requirements; provided in no event shall such changes terminate or substantially reduce the minimum fixed royalty payments to Guarantor.
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Royalty Arrangements evidence satisfactory to the Purchaser that the Company has not entered into (and is not otherwise subject to) any royalty arrangements.
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Royalty Arrangements. Each Subsidiary Guarantor covenants that it will maintain the existing royalty arrangements between it and Parent on terms no less favorable to Parent than those that exist on the date hereof and as are set forth in Schedule 4.10 to the Parent Guaranty, except for changes, to the extent necessary, to minimally comply with applicable legal requirements; provided in no event shall such changes terminate or substantially reduce the minimum fixed royalty payments to Parent.
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Royalty Arrangements. Prior to the Effective Time, Leap shall declare, in accordance with applicable Law, a special distribution to the holders of record of shares of Leap capital stock immediately prior to the Effective Time in the form of a royalty, the terms of which are set forth in the Royalty Agreement attached hereto as Exhibit J (the “Royalty Agreement”).
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Royalty Arrangements. In the case of each Borrower, maintain royalty arrangements between the A Borrower and the respective B Borrower on terms no less favorable to the A Borrower than exist on the Closing Date and as are set forth in Schedule III hereof, except changes to such terms to the extent needed to be in minimal compliance with requirements of law; provided, however,that in no event shall such changes terminate or reduce the minimum royalty payment to the A Borrower.
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Royalty Arrangements 
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Related to Royalty Arrangements

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and ▇▇▇▇▇▇▇▇) ▇▇▇ ▇▇▇▇ (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration. 47.2 Where the Contractor is liable to National Insurance Contributions (NICs) in respect of consideration received under this Framework Agreement, it shall at all times comply with the Social Security Contributions and Benefits ▇▇▇ ▇▇▇▇ (SSCBA) and all other statutes and regulations relating to NICs in respect of that consideration. 47.3 The Authority may, at any time during the term of this Framework Agreement, request the Contractor to provide information which demonstrates how the Contractor complies with sub-clauses 47.1 and 47.2 above or why those clauses do not apply to it. 47.4 A request under sub-clause 47.3 above may specify the information which the Contractor must provide and the period within which that information must be provided.

  • Equity Arrangements On the Change of Control, and notwithstanding any contrary provisions of the Amended and Restated 1994 Stock Option Plan, the Second Amended and Restated 1996 Long-Term Performance Incentive Plan or the 2003 Equity Incentive Plan (or any plans that may become the successors to such plans) and any equity incentive agreements entered into between the Company and the Executive pursuant to such plans or otherwise, cause any unexercisable installments of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement on the Executive’s last date of employment with the Company that have not expired to become exercisable, or in the case of any then effective restrictions on the vesting of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement, to cause such restrictions to lapse, as the case may be, on the Change of Control; and

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Security Arrangements Infrastructure security of electric system equipment and operations and control hardware and software is essential to ensure day-to-day reliability and operational security. FERC expects the NYISO, the Connecting Transmission Owner, Market Participants, and Interconnection Customers interconnected to electric systems to comply with the recommendations offered by the President’s Critical Infrastructure Protection Board and, eventually, best practice recommendations from the electric reliability authority. All public utilities are expected to meet basic standards for system infrastructure and operational security, including physical, operational, and cyber-security practices.

  • Working Arrangements (i) The former industry practice whereby all Employees on site working in direct sunlight were relocated to shaded or air- conditioned areas when the temperature reached 32°C, will no longer operate. (ii) At temperatures below 35°C workers are not to be relocated out of direct sunlight unless the work environment creates a serious risk to their health and safety, having regard to the nature of the tasks being undertaken, provided that the task or activity being performed is completed and the penalty provisions as for emergency work under the Award shall apply. (iii) Once the temperature reaches 35°C work will cease, and workers may leave the site, provided that the task or activity being performed is completed and the penalty provisions as for emergency work under the Award shall apply. (iv) During periods of hot weather, work in air-conditioned environments shall continue as normal. Workers will walk a reasonable distance through the open to and from amenities and the air-conditioned workspace, provided it does not pose a serious threat to their health or safety. Alternatively, where the Employer can artificially ventilate covered spaces onsite and reduce the temperature to below 35°C, work may continue as normal subject to consultation and agreement with affected Employees to comply with the provisions of this clause. (v) By agreement with the OH&S committee and head contractor during periods of Inclement Weather (heat) the Saturday break roster can be applied to weekday work.