Net Profits Payment definition

Net Profits Payment shall have the meaning set forth in Section 6.5.1(b) hereof.
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Net Profits Payment has the meaning assigned to that term in Section 2.2(b);
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Net Profits Payment means the amount equal to the product of multiplying (i) the average monthly Net Profits of the Business during the period commencing on the last full twelve (12) calendar months immediately preceding the Closing Date, by (ii) the number of months remaining, or fraction thereof, between the Closing Date and December 31, 2005, which amount is estimated by the Parties as of the date of execution of the Share Purchase Agreement as equal to the Estimated Net Profits Payment.
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Examples of Net Profits Payment in a sentence

  • Such Net Profits Payment to CDS shall be deemed royalty for licenses granted by CDS to Alimera under Article 5.

  • Assignor is obligated to make only one Net Profits Payment to each Assignee each quarter.

  • Alimera shall have the right to pay all or any portion of the unpaid Compounded Net Profits Payment plus any interest accrued and due at any time.

  • Net Profits and the Net Profits Payment shall be calculated separately for each calendar quarter, commencing at 12;00 a.m. local time at the Leases and ▇▇▇▇▇ on each January 1.

  • In the event that Alimera fails to make timely payment to CDS for all or a portion of a Net Profits Payment pursuant to this Section 6.5.1, CDS shall provide written notice to Alimera and Alimera shall have fifteen (15) business days in which to cure the nonpayment.

  • All pre-Effective Date gas balancing obligations of Seller relating to the Well▇, ▇▇ich Buyer pays during the Pertinent Period to under produced third parties after rightful demand to pay same, shall be included as Obligations for the purpose of calculating the Net Profits Payment.

  • In addition to the Purchase Price, Buyer shall pay to Seller as part of the total consideration for the Assets, the Annual Contingent Net Profits Payment ("ACNPP") described in Exhibit I.

  • If at any time the interest of any Assignee is divided among and owned by five or more co-owners, Assignor, at its discretion, may require such co-owners to appoint a single trustee or agent with full authority to receive all notices and information provided for in this Assignment, to exercise all rights of Assignee under this Assignment, and to receive the Net Profits Payment.

  • Such Net Profits Payment to CDS shall be deemed royalty for licenses granted by CDS to Alimera under Article 5, provided that Alimera has a right to recoup from such royalty to CDS any Compounded Development Payment and Compounded Disputed Costs that CDS owes Alimera pursuant to Sections 6.3.2 and 6.3.3 as pre-payments of such royalty.

  • Specifically, if Alimera is the Owed Party, then any Net Profits Payment and the Milestone Payment to CDS shall be reduced by the Compounded Development Payment due from CDS to Alimera until the amount of such Net Profits Payment and the Milestone Payment to CDS is [*] and any remaining balance of the Compounded Development Payments that CDS owes to Alimera shall be carried forward until the amount of such Compounded Development Payments are paid off.