Common use of Distribution of Proceeds from Settlement Clause in Contracts

Distribution of Proceeds from Settlement. Out of any proceeds from any settlement for infringement of Licensed Patents, Company is allowed to first recover its reasonable attorney's fees and other out-of-pocket expenses directly related to any action, suit, or settlement for infringement of Licensed Patents. Any remaining proceeds will be distributed as follows: Company shall retain 75% and shall distribute 25% to University. Any payment by an alleged infringer that constitutes consideration for Net Sales of infringing product, however, will be handled according to the payment provisions of Article 6 "Payments, Reimbursements, Reports, and Records" and Section A3.3 "Running Royalty Payments" of Exhibit A "Exclusive Patent License Schedule". Any payment by an alleged infringer that constitutes consideration for the grant of a Sublicense will be handled according to Section A3.6 "Sublicensing Consideration" of Exhibit A "Exclusive Patent License Schedule".

Distribution of Proceeds from Settlement. Out of any proceeds from any settlement for infringement of Licensed Patents, Company is allowed to first recover its reasonable attorney's ’s fees and other out-of-pocket expenses directly related to any action, suit, or settlement for infringement of Licensed Patents. Any remaining proceeds will be distributed as follows: Company shall retain 75% [**] and shall distribute 25% [**] to University. Any payment by an alleged infringer that constitutes consideration for Net Sales of infringing product, however, will be handled according to the payment provisions of Article 6 "“Payments, Reimbursements, Reports, and Records" ” and Section A3.3 "“Running Royalty Payments" ” of Exhibit A "“Exclusive Patent License Schedule"”. Any payment by an alleged infringer that constitutes consideration for the grant of a Sublicense will be handled according to Section A3.6 "A3.7 “Sublicensing Consideration" ” of Exhibit A "“Exclusive Patent License Schedule"”.

Distribution of Proceeds from Settlement. Out of any proceeds from any settlement for infringement of Licensed Patents, Company is allowed to first recover its reasonable attorney's ’s fees and other out-of-pocket expenses directly related to any action, suit, or settlement for infringement of Licensed Patents. Any remaining proceeds will be distributed as follows: Company shall retain 75% [XXX] and shall distribute 25% [XXX] to University. Any payment by an alleged infringer that constitutes consideration for Net Sales of infringing product, however, will be handled according to the payment provisions of Article 6 "“Payments, Reimbursements, Reports, and Records" ” and Section A3.3 "“Running Royalty Payments" ” of Exhibit A "“Exclusive Patent License Schedule"”. Any payment by an alleged infringer that constitutes consideration for the grant of a Sublicense will be handled according to Section A3.6 "A3.7 “Sublicensing Consideration" ” of Exhibit A "“Exclusive Patent License Schedule"”.

Distribution of Proceeds from Settlement. Out of any proceeds from any settlement for infringement of Licensed PatentsPatents led by Company, Company is allowed to first recover its reasonable attorney's ’s fees and other out-of-pocket expenses directly related to any action, suit, or settlement for infringement of Licensed Patents. Any remaining proceeds will be distributed as follows: Company shall retain 75[***]% and shall distribute 25[***]% to University. Any payment by an alleged infringer that constitutes consideration for Net Sales of infringing product, however, will be handled according to the payment provisions of Article 6 "“Payments, Reimbursements, Reports, and Records" ” and Section A3.3 "A3.1 “Running Royalty Payments" ” of Exhibit A "Exclusive “Patent License Schedule"”. Any payment by an alleged infringer that constitutes consideration for the grant of a Sublicense will be handled according to Section A3.6 "A3.8 “Sublicensing Consideration" ” of Exhibit A "Exclusive “Patent License Schedule"”.

Distribution of Proceeds from Settlement. Out of any proceeds from any settlement for infringement of Licensed PatentsPatents led by Company, Company is allowed to first recover its reasonable attorney's ’s fees and other out-of-pocket expenses directly related to any action, suit, or settlement for infringement of Licensed Patents. Any remaining proceeds will be distributed as follows: Company shall retain 75***% and shall distribute 25***% to University. Any payment by an alleged infringer that constitutes consideration for Net Sales of infringing product, however, will be handled according to the payment provisions of Article 6 "“Payments, Reimbursements, Reports, and Records" ” and Section A3.3 "A3.1 “Running Royalty Payments" ” of Exhibit A "Exclusive “Patent License Schedule"”. Any payment by an alleged infringer that constitutes consideration for the grant of a Sublicense will be handled according to Section A3.6 "A3.8 “Sublicensing Consideration" ” of Exhibit A "Exclusive “Patent License Schedule"”.