Modification to Revenue Stream Sample Clauses

Modification to Revenue Stream. From and after the Amendment Effective Date, all proceeds to the Company of a sale or license, whether exclusive or non-exclusive, of all or a portion of the Patents or any other transaction that gives rise to Monetization Revenues (each a “Realization Event”) shall be deposited in the Cash Collateral Account, which shall be under the full and exclusive control of the Collateral Agent as described in Section 6.11 of the Existing Agreement, or, if directed by the Collateral Agent, paid over directly to the Collateral Agent or to such other account as is designated by the Collateral Agent, and all such proceeds shall be applied as follows: i) First, to pay third party expenses that arise in connection with, or are due upon the occurrence of, such Realization Event that are either (x) incurred by the Company at the direction of the Collateral Agent, (y) incurred by the Collateral Agent or (z) constitute broker fees and other amounts that are due on account of the existing arrangements described on Schedule 2.2(i) (the payees under such arrangements, “Service Providers”). ii) Second, solely to the extent such Realization Event is attributable to the Nokia Portfolio, up to $2,200,000 to pay outstanding principal amounts due under the Nokia PPA (the “Nokia Debt”) until the Nokia Debt is paid in full (excluding, for the avoidance of doubt, any accrued interest or other charges on the Nokia Debt, which shall be the sole responsibility of the Company and shall not be paid with Monetization Revenues). iii) Third, solely to the extent the applicable Realization Event triggers a payment with respect to a retained interest of a Prior Owner due under the Panasonic PPA or Huawei PRAA that is described on Schedule 2.2(iii) (a “Retained Interest”), to such Prior Owner in amounts so required. iv) Fourth, to the Investors until the Note Obligations have been paid in full; v) Fifth, to the Investors until they have received an amount equal to the sum of (x) 100% of any Cash Advances plus (y) 20% interest, compounded annually, on any Cash Advances that are outstanding from time to time plus (z) the difference between (i) $30.5 million minus (ii) any amounts applied to the Note Obligations after the Amendment Effective Date (the amounts described in this clause (v), the “Priority Amount”). vi) Lastly, 70% to the Investors and 30% to the Company (the Investors’ right to such 70%, the “Contingent Right” and the Company’s right to such 30%, the “Company Residual”); provided, that ...
Sample 1

Related to Modification to Revenue Stream

  • ADDITION, DELETION OR MODIFICATION OF FUNDS The Parties hereto may agree, from time to time, to add other Funds to provide additional funding media for the Contracts, or to delete, combine, or modify existing Funds, by amending Schedule A hereto. Upon such amendment to Schedule A, any applicable reference to a Fund, AVIF, or its Shares herein shall include a reference to any such additional Fund. Schedule A, as amended from time to time, is incorporated herein by reference and is a part hereof.

  • Materiality Of Application To Rent All representations made by Xxxxxx(s) on the Application to Rent (or like-titled document) are material to the grant of this Lease, and the Lease is granted only on condition of the truthfulness and accuracy of said representations. If a failure to disclose or lack of truthfulness is discovered on said Application, Landlord may deem Tenant to be in breach of this Lease.

  • Material Modification to Rights of Security Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement Trust Administrator

  • Modification of Budget Upon written approval of County, Subrecipient shall have the authority to transfer allocated program funds from one category of the overall program Budget to another category of the overall Budget. No such transfer may be made without the express prior written approval of County. A modification of the Budget may include the addition of any new Budget category.‌

  • Modification of Rights The rights of the Optionee are subject to modification and termination in certain events as provided in this Option Agreement and the Plan.

  • Amendment to Schedule The Grantor authorizes the Collateral Agent to modify this Agreement, without the necessity of such Grantor’s further approval or signature, by amending Schedule A hereto and the Annex to each Assignment of Copyrights to include any future or other Copyrights or Copyright Licenses that become part of the Copyright Collateral under Section 2 or Section 4.

  • Modification to Article V, Section 4 of the DPA Article V, Section 4 of the DPA (Data Breach.) is amended with the following additions: (6) For purposes of defining an unauthorized disclosure or security breach, this definition specifically includes meanings assigned by Texas law, including applicable provisions in the Texas Education Code and Texas Business and Commerce Code.

  • Modification to Article VII, Section 4 of the DPA Article VI, Section 4 of the DPA (Annual Notification of Rights.) is amended as follows:

  • Modification, etc No modification, amendment or waiver of any provision of this Article, nor the consent to any departure by a Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on a Guarantor in any case shall entitle such Guarantor or any other guarantor to any other or further notice or demand in the same, similar or other circumstances.

  • Modification to Article III, Section 2 of the DPA Article III, Section 2 of the DPA (Annual Notification of Rights.) is amended as follows: