Net Proceeds Percentage definition

Net Proceeds Percentage has the meaning assigned to such term in Section 2.11(b)(ii).

Net Proceeds Percentage means sixty percent (60%) of any Net Proceeds derived from the Patents, provided that in the event any single transaction yields in excess of $3,000,000 in Net Proceeds due to the Patent Owner, the Net Proceeds Percentage shall increase to eighty percent (80%) on the portion of such single transaction’s Net Proceeds in excess of $3,000,000.

Net Proceeds Percentage means fifteen percent (15%); provided, however, that upon the first Additional Note Failure (as defined in the Securities Purchase Agreement), the Net Proceeds Percentage will be reduced to seven and one-half percent (7.5%) with respect to any Net Proceeds of Patents identified on Schedule A-2 attached hereto (“A-2 Patents”) that accrue after the date of such first Additional Note Failure; and upon the second Additional Note Failure, the Net Proceeds Percentage will be reduced to zero (0%) with respect to any Net Proceeds of A-2 Patents that accrue after the date of such second Additional Note Failure. No Additional Note Failure will affect the Net Proceeds Percentage with respect to any Net Proceeds of Patents identified on Schedule A-1 attached hereto.

Examples of Net Proceeds Percentage in a sentence

• Class 2 consists of the Allowed Secured Claim of Columbia Bank with respect to the Columbia-Glacierview Claim (the “Class 2 Claim”).6Upon the sale of Glacierview Property 1, Glacierview Property 2 and/or Glacierview Property7 3, the Holder of the Class 2 Claim shall hold a lien against the Net Proceeds Percentage attributable to such property in the same order, priority, and validity as the Columbia-Glacierview DOT to secure the8 Class 2 Claim.

• Accordingly, the Net Proceeds will be applied as follows: Intended Use of Net Proceeds Percentage Allocation Enhancement of assets and/or business acquisitions 80% Working capital 20% In the opinion of the Directors, notwithstanding the Irrevocable Undertaking (as defined below), there is no minimum amount that needs to be raised from the Rights Issue taking into consideration the intended use of proceeds.

• The Net Proceeds Percentage of each parcel of real property assuming that the Outzen Sale is consummated is set forth on Exhibit A to this Disclosure Statement.

• Each concern record consists of the concern name, a description, and any external requirements and/or questions arising from the concern.

• As at the date of this announcement, the principal outstanding under the AD Loan is S$600,000.The breakdown of the use of net proceeds is as follows: Use of Net Proceeds Percentage of NetProceeds (%)Expansion of Business 60General working capital 32Repayment of borrowings (present and/or future, but 8excluding the AD Loan and any other future loans that may be granted by Asia Dynamic Pte.

• In the event that cash Received Proceeds with respect to any Claim distributed to UWH pursuant to the Escrow Agreement are less than the Net Proceeds Percentage of all cash Net Proceeds of that Claim (a “Monetization Shortfall”), QPRC shall within three (3) Business Days after such distribution pay the difference in cash to UWH.

More Definitions of Net Proceeds Percentage

Net Proceeds Percentage means seven and one-half percent (7.5%) of any Net Proceeds derived from the Patents.

Net Proceeds Percentage has the meaning specified in Schedule 2.4. “Net Proceeds Threshold” has the meaning specified in Schedule 2.4. 26

Net Proceeds Percentage means 50%.