Royalty Calculation Clause Samples
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Royalty Calculation. (a) In payment for the licenses, rights, and releases granted hereunder to WS and its RELATED COMPANIES by LUCENT GRL, WS shall pay a license fee payable in warrants in the form of a grant to Lucent-GRL of five hundred thousand (500,000) shares of WS' Series F Preferred Stock at a price of one United States cent (US $0.01) per share. Such warrants shall be in the form attached hereto as Appendix B. The warrants are granted to Lucent-GRL as of EXECUTION, also referred to hereinafter as the "Grant Date", which shall not be later than September 30, 2000. Such warrants may be exercised at any time.
(b) In addition to any consideration provided in Section 2.01(a) above, in the event WS' including any of its RELATED COMPANIES' total combined gross cumulative revenue (FAIR MARKET VALUE) attributable to the of the sale or use of CASCADED FUSED FIBER COUPLERS and/or MACH ▇▇▇▇▇▇▇ INTERFEROMETERS, exceeds * (hereinafter referred to as the "Royalty Accrual Level"), then royalty shall accrue and be payable to LUCENT GRL, at the applicable rate of * on each CASCADED FUSED FIBER COUPLER and/or MACH ▇▇▇▇▇▇▇ INTERFEROMETER which is sold, leased or put into use by WS, or any of its RELATED COMPANIES after attainment of such Royalty Accrual Level. Such royalty rate shall be applied, except as otherwise provided in this Article II, to the FAIR MARKET VALUE of such CASCADED FUSED FIBER COUPLERS and/or MACH ▇▇▇▇▇▇▇ INTERFEROMETERS. For purposes of this Section 2.01(b) the total combined gross cumulative revenue shall include revenues made prior to the Effective Date of this Agreement.
(c) In addition to any consideration provided in Section 2.01(a) above, in the event WS' including any of its RELATED COMPANIES' total combined gross cumulative revenue (FAIR MARKET VALUE), attributable to the sale or use of PLANAR LIGHTWAVE CHIPS and/or OTHER OPTICAL DEVICES/SERVICES, exceeds * (hereinafter referred to as the "Royalty Accrual Level"), then royalty shall accrue and be payable to LUCENT GRL, at the applicable rate of * on each PLANAR LIGHTWAVE CHIP and/or OTHER OPTICAL DEVICES/SERVICES which is sold, leased or put into use by WS, or any of its RELATED COMPANIES after attainment of such Royalty Accrual Level. Such royalty rate shall be applied, except as otherwise provided in this Article II, to the FAIR MARKET VALUE of such PLANAR LIGHTWAVE CHIPS. For purposes LUCENT GRL CONFIDENTIAL * Certain information on this page has been omitted and filed separately with the Securities and Ex...
Royalty Calculation. We have provided a complete proposal. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Royalty Calculation. Royalties provided to Osiris shall be determined on the basis of Novartis' monthly standard account of sales which represents the conversion of all local currency sales to Swiss Francs at the average monthly exchange rate of sales, as calculated by Novartis in the ordinary course of business. The royalty report provided under Art. 9.2 shall provide information as to such calculation for each Product.
Royalty Calculation. All payments made pursuant to this section shall be in cash in U.S. currency and shall be accompanied by a royalty calculation, calculated regardless of the amount of Licensed Content licensed hereunder or whether such Licensed Content are Broadcast, detailing by segment (as Licensee and its auditors believe in good faith would be required to be reported under the rules of the U.S. Securities and Exchange Commission (assuming it was a reporting party under such rules), or, if not so determined to be so required under such rules or such rules cease to exist, in its general reports to its primary corporate level senior lenders, or such other segments as may be agreed by the parties acting reasonably) each of the components of the Royalty Base and any deductions or exclusions therefrom, and setting forth the amount of royalty payable based on the monthly financial information prepared for Licensee’s internal reporting purposes which are estimates and subject to the more formal closing procedures performed quarterly and annually, as well as any DTO or DTR information required to be delivered to Licensor in accordance with Sections 5.1(e) or 5.2(a), respectively. Within forty-five (45) days after each quarter end, Licensee will provide a royalty calculation including the same categories of information as the monthly royalty statements, showing the calculation of the Royalty Base as reported in its quarterly financial statements, and truing up the monthly financial information to the quarterly financial information. Prior to delivery to Licensor, all royalty calculations (whether monthly, quarterly, annual or otherwise) shall be reviewed and approved by the highest-ranking accounting officer of Licensee or the executive officer to whom such senior accounting officer reports. Each of Licensee and Licensor will appoint a contact person who is knowledgeable of the calculation of the Royalty Base to coordinate with each other, and Licensee’s contact person will provide to Licensor all further relevant information and documentation in Licensee’s possession as reasonably requested, which may include worksheets and workpapers used for or underlying such calculation. Starting with its 2011 financial statements, Licensee will include in the segment footnote to its audited financial statements (including those filed with the SEC, if any) a line item, which will be defined in such footnote, to include only the Royalty Base, except for a reconciling item to adjust barter re...
Royalty Calculation. In partial consideration for the sale, assignment, and transfer of the Assets and the grant of the license under this Agreement, Corregidor shall pay to Alkermes the following Royalties for each Licensed Product (after giving effect to Sections 5.2.3 and 5.3, to the extent applicable):
(i) for all Licensed Products sold by, on behalf of, or under the authority of Corregidor or its Affiliates (other than those Licensed Products sold by, on behalf of or under the authority of Corregidor’s Collaboration Partners), Corregidor will pay Alkermes [***] of Net Sales of such Licensed Products; and EXECUTION COPY
(ii) for all Licensed Product sold by or on behalf of, or under the authority of a given Collaboration Partner, Corregidor will pay Alkermes the lower of: (A) [***] of Net Sales of such Licensed Products in a given Calendar Year, or (B) [***] of all Collaboration Partner Revenue received by or on behalf of Corregidor or its Affiliates from such Collaboration Partner in such Calendar Year, Notwithstanding the foregoing, for any Licensed Product sold by, on behalf of or under the authority of any such Collaboration Partner, Corregidor will not pay Alkermes less than [***] of Net Sales of such Licensed Products in a given Calendar Year. For clarity, sales of Licensed Products by Distributors shall not be included in Net Sales and shall not be subject to Royalty payments under this Section 5.2.1. Corregidor shall not enter into a transaction with a Collaboration Partner which is structured to require the Collaboration Partner to pay to Corregidor, its Affiliates, or any other designee of Corregidor or its Affiliates, Milestone Payments that are materially in excess of those typically included in comparable arrangements for similar pharmaceutical or biotechnology products of similar market potential (a “Trigger Transaction”). Upon entering into a transaction with a Collaboration Partner, whether pursuant to Sections 3.7 and 3.9 or otherwise, Corregidor shall promptly notify Alkermes thereof and provide Alkermes with a copy of the agreement governing such transaction. Within [***] of receiving any such agreement between Corregidor and a Collaboration Partner, if Alkermes believes that Corregidor has entered into a Trigger Transaction with such Collaboration Partner, it may submit the issue for resolution by binding arbitration in accordance with Section 11.2. If the arbitrator determines that Corregidor entered into a Trigger Transaction with a given Collaboratio...
Royalty Calculation. The agreement assumes that payment will be by way of royalty, with an advance ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Royalty Calculation. The royalties shall be calculated on the basis of aggregate annual Net Sales in the Territory Product-by-Product, with the royalty tiers set out above being calculated on a Product-by-Product basis from First Commercial Sale until the expiration of the applicable Royalty Term. Examples of royalty calculations are included in the enclosed Exhibit 10.6.2.
Royalty Calculation. 12.1. In this paragraph, “Net Sales Value” means ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ :
12.1.1 normal trade ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ;
12.1.2 the costs ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ;
12.1.3 general sales tax or other ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ;
12.1.4 bank charges on sales receipts;
12.1.5 sales commission payable to third parties;
12.1.6 other transaction taxes.
12.2. The Royalty is [twenty] per cent of the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ■ ■ ■ ■ - ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ .
12.3. Royalty is payable for ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ].
12.4. On or before [day / date] in each [month / year] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.5. the Licensee shall pay ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.6. Royalty payment shall be made ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.7. Payments shall be considered to have ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.8. Payments due but unpaid on the due date shall bear interest at a rate of [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ 8 ] %, ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.9. Any tax which the Licensee is required by law ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
12.10. If money is withheld on account of tax, the Licensee shall ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Royalty Calculation. In consideration of the License granted herein, Licensee shall pay Cumberland an earned Royalty of seven percent (7%) of Net Sales, pursuant to the terms and conditions of this Agreement. In addition, the full seven percent (7%) Royalty must be paid on (i) all "free goods" given to retailers (in lieu of slotting fees or otherwise) based upon the Net Sales price which otherwise would have been charged, and (ii) all "private label" sales of the Licensed Product permitted to be sold pursuant to Section 15 herein.
Royalty Calculation. Licensee shall pay a royalty to Owner.
a. Licensee shall pay Owner a royalty of 5% of Fair Market Value of:
i. Licensed Product that is sold, leased or put into use by the Licensee or any Related Companies in the preceding calendar quarter; and
ii. any service performed by Licensee or any Related Companies that directly or indirectly uses Licensed Product.
b. This License does not include a minimum annual royalty payable by Licensee to Owner.