Allocable Percentage of Net Consideration definition

Allocable Percentage of Net Consideration means the respective percentage allocated to each Party of Net Consideration, as set forth in Section 5.3 of the IIA.
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Examples of Allocable Percentage of Net Consideration in a sentence

  • In the event of a resignation or termination of a Party’s service as Managing Party pursuant to Section 10.6(a) or (b), the Other Parties with a majority of the Allocable Percentage of Net Consideration held by all such Other Parties may elect a new Party to become the Managing Party and to so replace the initial Managing Party, subject to obtaining the written consent of such Party to act as the new Managing Party.

  • The Other Parties, either separately or jointly, shall have the right to hire an independent, certified public accountant who is reasonably acceptable to the Managing Party, to audit the books and records of the Managing Party related to the License Consideration and the calculation of the Net Consideration and the Allocable Percentage of Net 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.

Related to Allocable Percentage of Net Consideration

  • Total Consideration shall have the meaning as set forth in Section 2.8.

  • Allocable Amount has the meaning specified in Section 10.21(d).

  • Applicable Percentage means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.