Monetization Transaction Sample Clauses

Monetization Transaction. Vertex may, at any time, monetize all or a portion of the value of the payments to which it may be entitled to receive under this Article 4 by assigning to a Third Party (a “Revenue Buyer”) the right to receive such payments (a “Monetization Transaction”); provided that Vertex has put in place adequate and customary confidentiality provisions at least as stringent as those applicable to Vertex hereunder with the Revenue Buyer. In the event of a Monetization Transaction, Xxxxx will make such payments to the Revenue Buyer as directed by Vertex and shall deliver notices and provide reports directly to the Revenue Buyer as directed by Vertex.

Monetization Transaction. [**]. If Xxxxxxxxxxx intends to grant a Third Party a security interest in or to otherwise sell, assign, or otherwise transfer its rights to receive payments with respect to any Collaboration Product under this Agreement to a Third Party in connection with a royalty monetization transaction (a “Monetization Transaction”), then Schrödinger will provide Novartis notice of such intent [**].

Monetization Transaction. With respect to any Equity Interests owned by ------------------------- any Parent Affiliated Company, the Borrower or any of its Subsidiaries (an "Owner") in any Person or Persons that are not directly, or indirectly through one or more intermediaries, controlled by the Owners, any transaction, agreement, device or arrangement which results in an Owner receiving payments on account of entering into contractual or similar obligations and granting rights in, to or with respect to such Equity Interests. The term "control" (including, with correlative meanings, the terms "controlled by", "under common control" and other terms of similar import) shall mean the possession, directly or indirectly through one or more intermediaries, of the power to elect at least a majority of the members of the board of directors or other management of any Person whether through the ownership of Voting Stock or otherwise. Moody's. Moody's Investors Service, Inc. ------- Multiemploxxx Xxan. Any multiemployer plan within the meaning of -------------------- Section 3(37) of ERISA maintained or contributed to by any of the Borrowers or any ERISA Affiliate. Net Cash Proceeds. In connection with any Asset Sale, the cash proceeds ------------------ (including any cash payments received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received in cash) of such Asset Sale, net of (a) transaction costs (including any underwriting, brokerage or other selling commissions and legal, advisory and other fees and expenses, including title and recording expenses, associated therewith, in each case, actually incurred and satisfactorily documented), (b) required debt payments (other than pursuant hereto), (c) taxes reasonably estimated to be payable as a result of such Asset Sale, and (d) any portion of such cash proceeds which the Borrower determines in good faith should be reserved for post-closing adjustments or liabilities (to the extent the Borrower delivers to the Administrative Agent a certificate signed by its chief financial officer as to such determination), it being understood and agreed that on the day all of such post-closing adjustments and liabilities have been determined, (i) the amount (if any) by which the reserved amount of the cash proceeds of such Asset Sale exceeds the actual post-closing adjustments or liabilities payable by the Borrower or any of its Subsidiaries shall constitute Net Cash Proceeds on such date, and (ii)...

Monetization Transaction. VERTEX may, at any time, monetize all or a portion of the value of the payments to which it may be entitled to receive under this Section 4 by assigning to a Third Party (a “Revenue Buyer”) the right to receive such payments and other payments (a “Monetization Transaction”), provided that VERTEX has put in place adequate and customary confidentiality provisions at least as stringent as those applicable to VERTEX hereunder with the Revenue Buyer. In the event of a Monetization Transaction, TREKtx shall make such payments to the Revenue Buyer as directed by VERTEX and shall deliver notices and provide reports directly to the Revenue Buyer as directed by VERTEX.

Monetization Transaction. Martek will not unreasonably withhold its consent to a private sale or other monetization transaction involving some or all of the Directed Shares (other than those covered by the Market-Stand-Off Agreements between each of Messrs. Bxxxxx and Fxxxx and Martek) prior to the effective date of the Registration Statement.