REVENUE SHARING ARRANGEMENTS Sample Clauses

REVENUE SHARING ARRANGEMENTS. The Trust and the Company shall share cumulative Net Revenue received in respect of Exploitation of the Exploitation IPRs in accordance with the Financial Terms.

REVENUE SHARING ARRANGEMENTS. In connection with the pursuit of ---------------------------- Joint Service Offerings, WorldCom and Premiere (or their appropriate Subsidiaries) will negotiate in good faith to enter into marketing or other agreements with the other Persons involved in the Joint Service Offering ("Joint Marketing Agreements"). The Joint Marketing Agreements will include, among other matters, provisions relating to the sharing of revenues produced pursuant to services provided in connection with the Joint Service Offering . Subject to variances and other terms as may be negotiated in good faith among the various parties to the Joint Marketing Agreements, WorldCom and Premiere anticipate that the revenue sharing arrangements generally will be structured according to the example set forth on Schedule 4.2 hereto. ------------

REVENUE SHARING ARRANGEMENTS. 2.1 The Trust and the Company shall share cumulative Net Revenue received in respect of Exploitation of the Exploitation IPRs in accordance with the Exploitation Terms. The Parties agree that the Exploitation IPRs are those pertaining to RDZ and that RDZ is the Project Compound and the Licensed Product as defined in the TA Funding Agreement. 2.2 The Parties further agree that any development funding or grant funding received from BARDA or other Third Parties, including licensees, shall not be classed as Revenue. 2.3 For the avoidance of doubt, the Company's obligation to share cumulative Net Revenue received from Third Parties prior to the First Commercial Sale of RDZ shall be expressly limited to a one-time milestone payment as set out in Schedule 1 payable only following the First Commercial Sale of RDZ. 2.4 In the event that the Company receives any equity as part payment for a licence granted where a Third Party commercialises RDZ, then the Parties will discuss in good faith to determine an equitable share of such equity or a cash equivalent for the Trust. 2.5 In the event of a sale or assignment by the Company to a Third Party of the Exploitation IPR and/or the assets pertaining to RDZ, the Trust shall be entitled to its share of the net proceeds of such sale received by the Company as Net Revenue (including any deferred consideration or ongoing revenue stream to the Company in respect of the Exploitation IPR or assets pertaining to RDZ) and thereafter this Agreement shall terminate so that the share of Net Revenue set forth in Schedule 1 is not payable to the Trust by the acquiring Third Party. 2.6 In the event of (i) a sale of the shares of the Company or (ii) a change of control it is the expectation of the Parties that the obligations of the Company with respect to revenue sharing under this Agreement remain binding on the Company despite the change in ownership of the shares of the Company. For clarity the Trust shall not be entitled to a share of the net proceeds received by the shareholders of the Company on a sale of the shares of the Company unless the Trust is a shareholder in the Company at the relevant time.

REVENUE SHARING ARRANGEMENTS. You may be entitled to a revenue share from the commercialisation of any of the Resulting Intellectual Property in accordance with the Student IP Policy.

REVENUE SHARING ARRANGEMENTS. The Agreement sets out an arrangement which provides for RailCorp to receive a share of the net revenue generated by ALC once certain thresholds have been achieved. Specifically, the Agreement provides for RailCorp to receive as a Train Service Fee, 50% of all Excess Cash Flow generated by ALC in excess of a present value of $181,969,549 (Revenue Sharing Threshold) up to a present value of $212,009,777 (Debt Equivalent Amount) and 85% of all Excess Cash Flow thereafter. The Revenue Sharing Threshold is approximately equal to the agreed net present value of the business of $120 million as at 30 September 2001 plus the Capped Amount of $80 million less debt repayments made between 30 September 2001 and 30 June 2005. The Debt Equivalent Amount is an agreed senior debt value as at 30 September 2001. Excess Cash Flow is calculated on a calendar monthly basis commencing for July 2005 and is defined as: Excess Cash Flow = Gross Revenue – (Approved Operations Cost + the Replacement and Refurbishment Amount) ÷ 12 – the Deductible Tax Amount (if any). Where • Station Usage Fees; • Capped Amount payments; • Compensation Payments made by RailCorp for poor train running performance; • Line Closure Compensation Payments; • Staff Pass Lump Sum Amounts; and • Replacement and Refurbishment Release Amounts (see below). The Approved Operations Cost is a fixed amount that ALC is entitled to deduct to operate the Stations. It is reset on an open book basis every three years and escalated annually in between in accordance with a set of indices. The Replacement and Refurbishment Amount is a fixed allowance that ALC is entitled to deduct for station replacement and refurbishment works. This amount is also reset every three years and escalated annually in between. ALC is required to credit the Replacement and Refurbishment Amount to a Replacement and Refurbishment Provision Account. Any monies unspent after five years are returned with interest at 7.75% as Gross Revenue (Replacement and Refurbishment Release Amounts).