License Consideration definition

License Consideration means collectively all money and other items of value (excluding research grants), including up-front license fees (whether cash, equity, or other consideration), annual maintenance fees, patent expense reimbursements, milestone fees, minimum royalties, earned royalties, and other consideration received from a Licensee or its sub­licensees, or otherwise received on account of licensing or optioning the Patent Rights.
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License Consideration means the issuance to ODURF of 1,417,500 shares (par value 0.0001 per share) of common stock in Licensee, which without taking into consideration any shares to be issued to New BEM, Inc. in consideration for the remaining value of the grants held by New BEM, Inc. funded and held by the U.S. National Institute of Health, represents 31.5% of the issued and outstanding shares of common stock immediately after the acquisition of New BEM, Inc. It is further recognized that as between ODURF and EVMS, the License Consideration shall then be further assigned or distributed with ODURF holding 80% of the License Consideration and EVMS holding 20% of the License Consideration.
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License Consideration means collectively all money and other items of value (excluding research grants), including up-front license fees (whether cash, equity, or other consideration), annual maintenance fees, patent expense reimbursements, milestone fees, minimum royalties, earned royalties, and other consideration received from a Licensee or its sublicensees, or otherwise received on account of licensing or optioning the Patent Rights.
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Examples of License Consideration in a sentence

  • The Managing Party shall have the responsibility, obligation and authority to diligently manage, administer and enforce the Licensee’s performance of the License Agreement, including without limitation, receiving and collecting the License Consideration payable under the License Agreement, and performing such audit under the License Agreement as the Managing Party deems appro­priate.

  • Notwith­standing the foregoing, Patent Expenses for foreign prosecution are subject to reimbursement under Sections 5.2 and 5.3 out of License Consideration.

  • 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.

  • Within 45 days after the Managing Party receives the License Consideration (including equity or other non-cash consideration), the Managing Party shall make the calculations as to the allocation of that License Consideration in accordance with the terms of the Agreement and furnish to the Other Parties a written report of such receipts and calculations (including itemized amounts for Licensing Expenses).

  • The Managing Party shall keep the Other Parties fully and promptly informed as to all receipts of the License Consideration in accordance with Section 5.4. The Managing Party shall keep the Other Parties reasonably informed of any material delinquencies, deficiencies or defaults by the Licensee in performing the License Agreement.

  • 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.


More Definitions of License Consideration

License Consideration. As consideration for the issuance of this License, Licensee shall pay to OCWD the sum of $1,148.00 (“License Fee”) within thirty (30) days of the Commencement Date in accordance with Part II (“General Provisions”).
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License Consideration means an amount equal to $750,000,000.
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License Consideration has the meaning set forth in Section 11.3(b)(iii)(2).
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License Consideration means the net monetary and non-monetary consideration actually received by Alexza or any of its Affiliates in connection with any Alexza Product License, after deducting any investment banking, broker, accounting, tax and legal fees paid by Alexza or any of its Affiliates in connection with an Alexza Product License, including net licensing fees, royalties, milestones or similar amounts to the extent actually paid to Alexza or any of its Affiliates. “Sale Consideration” means the net monetary and non-monetary consideration actually received by Alexza or any of its Affiliates in connection with an Alexza Product Sale, after deduction of any investment banking, broker, accounting, tax and legal fees and expenses paid by Alexza or any of its Affiliates in connection with such Alexza Product Sale, including milestone, escrow, holdback and other contingent payments payable in connection with such Alexza Asset Sale to the extent actually paid to Alexza or any of its Affiliates. In each case, non-monetary consideration received by Alexza or any of its Affiliates shall be valued by Alexza in the same manner as non-cash consideration is valued by Cypress pursuant to Section 6.2.
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Related to License Consideration

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

  • Net Consideration means “net consideration” as defined in Regulation Section 1.848-2(f));

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Borrower or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Borrower or any of its Subsidiaries.

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Stock Consideration has the meaning set forth in Section 2.01(c).

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

  • Designated Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Issuer or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

  • Consideration has the meaning set forth in Section 2.2.