Royalty Reduction definition

Royalty Reduction has the meaning set forth in Section 3.14(f).
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Royalty Reduction is defined in Section 4.1(h)(xii).
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Royalty Reduction is defined in Section 4.9(k).
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Examples of Royalty Reduction in a sentence

  • To the Knowledge of the Seller, there are no Third Party patents that would provide a basis for a Royalty Reduction.

  • This Act may be cited as the ‘‘Soda Ash Royalty Reduction Act of 2004’’.SEC.

  • Of the NSR, 1.5% can be bought down at any time prior to the date commercial production commences for US$2,000,000 (“First Royalty Reduction Option”).

  • In addition to the Royalty Reduction Fees, Licensee shall pay a royalty for the license granted in Paragraph II.A, as shown below, in US currency.

  • Upon exercise of the Second Royalty Reduction Option, the Company will have the option to purchase an additional 1.75% NSR for a further $1,500,000 payment at any time prior to the date commercial production commences (“Third Royalty Reduction Option”), reducing the NSR to 3.0%.


More Definitions of Royalty Reduction

Royalty Reduction means any Royalty Payments that are discharged, suspended, or deferred in accordance with Section 8.3.2 or Section 11.3.4 of the License Agreement;
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Royalty Reduction is defined in Section 3.1(h)(xi).
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Royalty Reduction has the meaning set forth in Section 3.13(f); provided, however, that “Royalty Reduction” shall not include any Set-off.
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Royalty Reduction is defined in Section 3.5(l).
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Royalty Reduction in the Absence of Patent Protection. The royalty amounts set forth above shall be reduced by [**] on a country-by- country basis at any such time that there are no Patent Rights containing a Valid Claim with respect to the Active Compound which is an ingredient of such Licensed Product in such country.
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Royalty Reduction is defined in ‎‎Section 3.1(i)(ix).
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Royalty Reduction means any adjustments, modifications, credits, offsets, reductions or deductions to payments made under Section 6.3 of the License Agreement pursuant to Section 6.3(b), Section 6.3(c) or Section 6.3(d) of the License Agreement (and subject to the limitation imposed by Section 6.3(e) of the License Agreement).
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