Other Non-Cash Consideration. To the extent that the License Consideration includes non‑cash consideration, such non‑cash consideration shall be distributed among the Parties (or to their designees) pursuant to their relative Allocable Percentage of Net Consideration, after the prior payment of the Management Fee, if any, out of such equity or other non-cash consideration. For the avoidance of doubt, in making a Management Fee payment in non-cash consideration, there will not be any valuation made of the non-cash consideration, but the Management Fee payment will simply be calculated by multiplying the Management Fee percentage by the total amount of non-cash consideration included in the License Consideration. Management Fee payments of non-cash consideration shall not count towards any cap on Management Fee payments. Non-cash consideration will not be used to reimburse Patent Expenses or Licensing Expenses.
Other Non-Cash Consideration. “Other Non-Cash Consideration” has the meaning ascribed to it in Section 1.6.
