Net Licensing Revenue means, with respect to a given period, (i) the full amount of any cash or sums recovered or received by the Credit Parties from licensing any Intellectual Property Rights in such period, less (ii) amounts thereof paid or obligated to be paid to any Litigation Funder, and fees and expenses paid or obligated to be paid to legal counsel to the Borrower in connection therewith.
Net Licensing Revenue means the aggregate revenue received by Textron and its Affiliates from the grant of licenses or sublicenses by Textron and its Affiliates of the Intellimold IP to third parties (other than Affiliates of Textron), less the following amounts: (a) discounts, including cash discounts, or rebates actually allowed or granted from the invoiced amount, (b) taxes, duties or other governmental charges levied on or measured by the invoice amount when included in an invoice, as adjusted for rebates, charge-backs and refunds, (c) accounts that are uncollectible and written off on the books of Textron or the relevant Affiliate as uncollectible, (d) revenues from "combination" sublicenses to the extent attributable to components of such sublicenses other than Intellimold IP license rights, (e) any amounts paid or payable to C&A Products or its Affiliates by Textron or its Affiliates for Support Services rendered hereunder during the period at issue with respect to the relevant sublicenses, (f) revenues from Textron Intellimold Licenses, and (g) any amounts received in connection with any use, lease, license, sale or other transfer of Equipment (as defined in any lease contemplated by the Equipment Lease Term Sheet).
Examples of Net Licensing Revenue in a sentence
Licensing Revenue will be allocated as follows: first, each Party will receive any Third Party Payments owing to its licensors in respect of the Product, then each Party will receive its Proportionate Share of the Net Licensing Revenue.
Eton will apply a credit equal to ten percent (10%) of Gross Sales and Net Licensing Revenue against the Net Receipts Payment Consideration owing to Selenix under Section 5.3.1(a); provided, however, for the purposes of the above credit calculation, the difference between Gross Sales and Net Sales shall not exceed twelve percent (12%).
During any portion of the term of this Agreement in which C&A Products provides Support Services to Textron or any of Textron's Affiliates, Textron shall pay to C&A Products as a "success fee" a royalty equal to (i) with respect to Textron Intellimold Licenses, ten percent (10%) of Net Licensing Revenue and (ii) with respect to all other licenses and sublicenses, twenty-five percent (25%) of Net Licensing Revenue.
Net Licensing Revenue includes only base QicLink or Facets license fees actually paid by customers to TriZetto; i.e., Net Licensing Revenue shall include fees paid by customers to use and access the Covered Products (including access provided on a hosted basis), but not fees paid for other products and services provided by TriZetto, including the portion of hosted services related to the provision of servers, equipment and other infrastructure.
Payment shall be made by the Distributor in US dollars within ninety (90) days after the Net Licensing Revenue has become "recognized revenue" to the Distributor in accordance with United States generally accepted accounting principles.
More Definitions of Net Licensing Revenue
Net Licensing Revenue means Licensing Revenue minus all payments, reserves, set-asides or other obligations payable or paid by BioLargo to third parties in the form of commissions, finder’s fees and the like. BioLargo shall determine what constitutes Licensing Revenue and Net Licensing Revenue, both categorically and quantitatively, in its sole and absolute discretion. For each product evaluation, product development, licensing or other revenue-generating agreement with a Licensee (collectively, a “License Agreement”), a “License Agreement Period” shall be the 12-month period commencing on the date Licensing Revenue is first indefeasibly earned and paid to BioLargo by a Licensee pursuant to that License Agreement. The percentage of Net Licensing Revenue to be included in the Commission Pool shall be established by BioLargo for each License Agreement at the end of each 12-month period of the term of each License Agreement Period, or at such other times as BioLargo may determine in its sole and absolute discretion, within the following ranges varying from an amount not less than the following stated minimum percentages (the “Minimum Amount”) to an amount not more than the following stated maximum percentages (the “Maximum Amount”): • not less than 4% nor more than 7% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the first 12 months of the License Agreement Period for such License Agreement; • not less than 3% nor more than 5% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the second 12 months of the License Agreement Period for such License Agreement; • not less than 1% nor more than 3% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the third 12 months of the License Agreement Period for such License Agreement; and • not less than 0.75% nor more than 2% of the Net Licensing Revenue actually and indefeasibly received by BioLargo in the fourth 12 months, 0000 Xxxx Xxxxxx, Xxxxx 0000 - Xxxxxx, Xx 00000 - Phone (000) 000-0000 - Fax (000) 000-0000 - xxx.xxxxxxxx.xxx Xxxxxx X. Xxxxxxxxxx January 10, 2008 Page 4 of 8 and for each 12 month period thereafter, of the License Agreement Period for such License Agreement. Notwithstanding anything contained herein to the contrary, Licensing Revenue received only from Licensees that enter into License Agreements with the Company as a result of substantial effort by you (“Managed Relationships”) shall be included in the calculation of Net Licensing R...
Net Licensing Revenue means amounts actually received by SNBL or its Affiliates in consideration for a license granted to a Third Party (i) to commercialize any Product, or (ii) under the Licensed Technology to commercialize any Product. For clarity, Net Licensing Revenue excludes amounts actually received as fair market value reimbursement for costs actually incurred by SNBL after the effective date of the grant of such a license.
Net Licensing Revenue means the gross fee for any Product and fees for any purchased M&S Services recognised by the Distributor under US GAAP, less any direct costs (including but not limited to discounts to Distributors as set out in Exhibit B, warehousing allowances, insurance and transportation charges, taxes, rebates, cancellations and returns). The Net Licensing Revenue shall not include any interest or finance charges;
Net Licensing Revenue means the cash payments and the fair market cash value of any non-cash consideration (less any amounts paid for such consideration) received by any Selling Entity in consideration for the grant of a license under the Company Intellectual Property, including any upfront payments, milestone payments or the like, but specifically excluding consideration: (A) which is included in the definition of “Net Sales” below, (b) received for the performance of or reimbursement for research, development or other activities performed by or on behalf of any Selling Entity, (C) for the sale of capital stock or other equity or debt interests in any Selling Entity (excluding amounts in excess of fair market value), (D) as reimbursement for patent related costs and expenses, (E) for withholding taxes or other amounts actually withheld from amounts paid to any Selling Entity, and (F) for the sale of all or substantially all of the business or assets of any Selling Entity which assumes the obligations of Buyer under this Agreement in accordance with Section 8.6, whether by merger, sale of stock, sale of assets or otherwise. To the extent Net Licensing Revenue represents an unallocated combined payment for amounts received both (1) in consideration of the grant of such a license, and (2) in connection with other Intellectual Property, undertakings or subject matter, such Net Licensing Revenue for calculating payments payable by Buyer hereunder shall be reasonably allocated in good faith by Buyer based on the relative value of the Company Intellectual Property and such other Intellectual Property, undertakings or subject matter.
Net Licensing Revenue means the aggregate revenue received by Textron and its Affiliates from the grant of licenses or sublicenses by Textron and its Affiliates of the Retained IP to third parties (other than Affiliates of Textron) outside the Automotive Products Field, less the following amounts: (a) discounts, including cash discounts, or rebates actually allowed or granted from the invoiced amount, (b) taxes, duties or other governmental charges levied on or measured by the invoice amount when included in an invoice, as adjusted for rebates, charge-backs and refunds, (c) accounts that are uncollectible and written off on the books of Textron or the relevant Affiliate as uncollectible, (d) revenues from "combination" sublicenses to the extent attributable to components of such sublicenses other than Retained IP license rights, (e) any amounts paid or payable to C&A Products or its Affiliates by Textron or its Affiliates for Support Services rendered hereunder during the period at issue with respect to the relevant licenses and sublicenses, and (f) any amounts received in connection with any use, lease, license, sale or other transfer of Equipment (as defined in any lease contemplated by the Equipment Lease Term Sheet).
Net Licensing Revenue means the amount equal to any Licensing Revenue less Third Party Payments. "OncoGenex Patent Rights" means any Patents owned or Controlled by OncoGenex.
Net Licensing Revenue means all royalties, fees and other payments received by a Member in connection with any license of the Consortium Developed Intellectual Property, including without limitation, royalty payments, minimum annual royalty payments, upfront licensing fees, option fees, milestone fees, change in control fees or maintenance fees, but excluding reimbursement of patent application, prosecution and maintenance fees, any amounts payable to individual inventors pursuant to the Member’s written policies, and internal administrative chargebacks such as for technology transfer or legal activities in accordance with the