Common use of Company Trigger Event Clause in Contracts

Company Trigger Event. In the event that Company causes or experiences a Trigger Event, all payments due to Company from its Affiliates or Sublicensees under each Sublicense Agreement will, upon Notice from Cornell to such Affiliate or Sublicensee, become payable directly to Cornell for the account of Company. Upon receipt of any such funds, Cornell will remit to Company the amount, if any, by which such payments exceed the amounts owed by Company to Cornell.

Company Trigger Event. In the event that Company causes or experiences a Trigger Event, all payments due to Company from its Affiliates or Sublicensees sublicensees under each Sublicense Agreement sublicense agreement will, upon Notice from Cornell to such Affiliate or Sublicenseesublicensee, become payable directly to Cornell for the account of Company. Upon receipt of any such funds, Cornell will remit to Company the amount, if any, by which such payments exceed the amounts owed by Company to Cornell.

Company Trigger Event. In the event that Company causes or experiences a Trigger Event, all payments due to Company from its Affiliates or Sublicensees other than an End User under each Sublicense Agreement will, upon Notice from Cornell to such Affiliate or Sublicensee, become payable directly to Cornell for the account of Company. Upon receipt of any such funds, Cornell will remit to Company the amount, if any, by which such payments exceed the amounts owed by Company to Cornell.