SHARING OF NET REVENUES. 8.1 The owner, the inventor, the inventor’s employer, the Network and any relevant Network Affiliates or Network Members, shall be entitled to a share of the Net Revenues commensurate with their contributions related to the NSIP, in accordance with the applicable Network and/or Network Member’s official policies, as well as the terms of any relevant Network Affiliate agreement.
SHARING OF NET REVENUES. Commencing with the Effective Date, after repayment of any amount due CILD or any other lender as provided in Section 6 below, MRLLC shall receive and be paid 53.3% of the Net Revenues and KEM, LT and/or CILD, as applicable, shall receive and be paid 46.7% of the Net Revenues. In the event of the sale of the Subsidiary Ownership Interests, such sale shall be deemed a sale of the underlying assets of the company for which the Subsidiary Ownership Interests were sold for purposes of calculating Net Revenues. MRLLC’s share of any Net Revenues, except for Net Revenues in excess of $500,000, shall be paid to MRLLC within sixty (60) days following the completion of each calendar quarter. However, if the amount of Net Revenues as a result of transaction for the sale, lease or other disposition of any Riverside County Asset or the sale of the Subsidiary Ownership Interests would be in excess of $500,000, the payment of MRLLC’s share of the Net Revenues shall be made within fifteen (15) days following the receipt of the Gross Revenues that would generate Net Revenues in excess of $500,000. At the time of any distribution to MRLCC of any Net Revenues, MRLLC then current Board of Managers shall be furnished with a statement for such calendar quarter showing the Gross Revenues, and the cumulative Operating Costs, Transaction Costs, and Investment/Capitalized Costs incurred during the applicable calendar quarter as well as the cumulative amount of Operating Costs, Transaction Costs and Investment/Capitalized Cost from the Effective Date, less any amounts recouped by the sale, lease or other disposition of the Riverside County Assets or the CILD Ownership Interests, and well as any Net Revenues and the calculation thereof.
SHARING OF NET REVENUES. 3.1.1 Each Party will be entitled to an equal 50% share of all Licensing Revenue. The Parties agree that any Licensing Revenue received by Micromet during the term of the Collaboration (as defined in the Collaboration Agreement) will be held by Micromet in separate accounts for purposes of funding the Collaboration. Upon termination of the Collaboration pursuant to the terms of the Collaboration Agreement, or at such other time as may be mutually agreed by the Parties, Micromet will pay to Enzon all remaining Licensing Revenue held by Micromet in the account containing Enzon’s share of Licensing Revenue.
