Receipt of Gross Proceeds. For all purposes of this Agreement, Gross Proceeds shall be deemed to have been received by the Company on the date of the actual receipt of funds into the Company’s bank account from a third-party against which an Enforcement Activity was brought or to which one or more of the Patents in the Purchased Patents was transferred as part of a Sale Transaction.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Energy Telecom, Inc.), Proceeds Interest Agreement (Solid Solar Energy, Inc.), Proceeds Interest Agreement (Finishing Touches Home Goods Inc.)
