Non-Cash Transactions. Where there is no identifiable LICENSE INCOME, a hypothetical fair market value price will be determined by the Parties jointly in good faith for the purpose of calculating LICENSE INCOME.
Non-Cash Transactions. LICENSEE may not accept anything of value in lieu of money payment under a sublicense without SYSTEM’s express written permission.
Non-Cash Transactions. In the event that the Company proposes to issue Equity Securities in connection with a Non-Cash Transaction:
Non-Cash Transactions. In the event that LICENSEE grants a sublicense for non-cash consideration, such consideration shall, for purposes of computing NET SALES, be valued by agreement of SYSTEM and LICENSEE, or if SYSTEM and LICENSEE are unable to agree on such value within thirty (30) days, by an independent investment bank mutually agreeable to SYSTEM and LICENSEE, whose expenses are paid by LICENSEE.
Non-Cash Transactions. For so long as DMSL’s Right continues to be in effect, in the event that Primero proposes to issue Equity Securities in connection with the Non-Cash Transaction:
Non-Cash Transactions. INHIBITEX shall not accept anything of value in lieu of money payment under a sublicense without the express written consent of SYSTEM.
Non-Cash Transactions. Common Stock in Treasury issued in connection with the purchase of the remaining 39% interest in Green Spring Health Services, Inc............................. 53,945 $ -- 53,686 $ 63,496 Investment in CBHS.............................................................. 5,281 -- MAGELLAN HEALTH SERVICES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 1998 (UNAUDITED) NOTE D--LONG-TERM DEBT AND LEASES Information with regard to the Company's long-term debt and capital lease obligations at September 30, 1997 and June 30, 1998 is as follows (in thousands): SEPTEMBER 30, JUNE 30, 1997 1998
Non-Cash Transactions. ORAGENICS may not accept anything of value in lieu of money payment under a sublicense without the express written permission of SYSTEM, which shall not be unreasonably withheld or delayed,
Non-Cash Transactions. As discussed in Note 4, the Company has acquired certain assets and assumed certain liabilities of various schools. In fiscal year 1994 and 1993, the Company issued $3,873,000 and $1,483,000, respectively, in notes payable and long-term debt in conjunction with these acquisitions. During 1994, the Company also acquired certain equipment under capital lease. Such transactions have been excluded from the statements of cash flows. INCOME TAXES In February 1992, the Financial Accounting Standards Board issued Statement No. 109, "Accounting for Income Taxes." The Company adopted the provisions of the new standard in its financial statements for the year ended March 31, 1993. The effect of adopting Statement 109 was immaterial. As permitted by the Statement, prior year financial statements have not been restated to reflect the change in accounting method. Under Statement 109, the liability method is used in accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Prior to the adoption of Statement 109, income tax expense was determined using the deferred method. Deferred tax expense was based on items of income and expense that were reported in different years in the financial statements and tax returns and were measured at the tax rate in effect in the year the difference originated. RECLASSIFICATIONS Certain reclassifications were made to the 1993 financial statements to conform with the 1994 presentation.
Non-Cash Transactions. As of the Closing Date, and for so long as the Equinox Pro Forma Percentage is at least 20%, in the event that the Corporation proposes to issue Equity Securities in connection with a Non-Cash Transaction, other than pursuant to Section 3.5:
