Net Sublicense Revenues definition

Net Sublicense Revenues means all revenues or other consideration received by a Party from Third Parties as consideration for the grant of a sublicense or license under this Agreement in the Shared Territory, other than royalties received from such Third Parties on Net Sales.
Sample 1Sample 2Sample 3
Net Sublicense Revenues means all revenues or other consideration ----------------------- received from Third Parties as consideration for sublicensing of the manufacture, distribution, use or sale of Collaboration Products in the Co- Promotion Territory, less the expenses directly attributable to supplying goods and services to such sublicensees to enable their performance of the sublicenses. "Non-Manufacturing Party" shall be any Party that is not a ----------------------- Manufacturing Party.
Sample 1Sample 2
Net Sublicense Revenues means any consideration, cash or nonmonetary, that Praxis receives from a sublicensee under any agreement or series of agreements that include the grant of any Sublicense (or right to receive a Sublicense), including but not limited to license fees, option fees, up-front payments, milestone payments, royalties, royalty pre-payments, profit sharing, license maintenance fees and payments for Praxis equity above the fair market value of such equity, other than: (a) payments expressly stated in the applicable agreement to reimburse Praxis for costs Praxis is expressly committed to incur and has incurred under a plan and budget codified in the applicable agreement (including equipment purchases and personnel actually provided by Praxis) in the development of Products which are the subject matter of such Sublicense, (b) reimbursement of the milestone payment paid by Praxis for the milestone event in Section 4.1.4 hereunder, (c) amounts incurred with respect to the filing, prosecution or maintenance of any RogCon Patent Rights, (d) bona fide loans or other debt obligations (unless and until forgiven), (e) amounts received from any Third Party for the purchase of equity at fair market value. If Praxis receives any non-cash Net Sublicense Revenue, Praxis will pay RogCon, at RogCon’s election, either (i) a cash payment equal to the fair market value of RogCon’s portion of the Net Sublicense Revenue or (ii) the in-kind portion, if practicable, of the Net Sublicense Revenue. To the extent that Net Sublicense Revenue represents an unallocated combined payment for amounts received both (1) in consideration of the grant of a Sublicense, and (2) in connection with other intellectual property, undertakings or subject matter, such Net Sublicense Revenue for calculating payments due to RogCon will be reasonably allocated in good faith by agreement of the Parties, such agreement not to be unreasonably withheld, conditioned or delayed by either Party, between (1) and (2) based on their relative value. For clarity, amounts received by Praxis, its Affiliates or their stockholders in a sale of all or substantially all of Praxis’s or its Affiliate’s assets or business, whether by merger, sale of assets or otherwise, shall not be Net Sublicense Revenue.
Sample 1Sample 2

Examples of Net Sublicense Revenues in a sentence

  • With respect to sales of Licensed Products invoiced in United States dollars, the Net Sales, Net Sublicense Revenues and royalties payable shall be expressed in United States dollars.

  • Each payment of a Profit Share Payment will be accompanied by a report summarizing the calculation of Net Profits (including the calculation of (a) Net Product Revenues, (b) Net Sublicense Revenues, and (c) Net Recoveries) during the relevant Calendar Quarter.

  • If ABX or its Wholly-Owned Subsidiary thereafter grants to a third party a Sublicense under ABX's Product License related to such Antigen, then ABX shall pay to CGI [***] of Net Sublicense Revenues from such Sublicense.

  • In the event that the Allowable Expenses are greater than the sum of Net Sales and Net Sublicense Revenues for a particular quarter, the difference shall be deemed a loss, which shall be allocated to each Party in accordance with Section 8.2(b)(i) or 8.2(b)(iii)(x).

  • In the event that ABX grants a Sublicense to a third party with respect to non-Gene Therapy applications of Covered Products related to a CGI Antigen, then ABX shall pay to CGI [***] of Net Sublicense Revenues from such Sublicense.


More Definitions of Net Sublicense Revenues

Net Sublicense Revenues means (i) the amount of cash license fees, milestone payments, Premium on Equity, and running royalties received by ABX or its Wholly-Owned Subsidiary in respect of a Sublicense, less (ii) any cash payments, including license fees, milestone payments or royalties, that ABX is required to pay to third parties (other than amounts paid to XT for 1.25.1 For purposes of clarification, it is understood and agreed that Net Sublicense Revenues shall (A) not include amounts paid to ABX [***], and (B) shall be [***] payments that ABX otherwise would be required to make. 1.25.2 For purposes of this Agreement, [***] shall mean the amount by which cash amounts received by ABX or its Wholly-Owned Subsidiary [***]. 1.25.3 In the event that ABX or its Wholly-Owned Subsidiary grants a Sublicense to an entity that is not a Wholly-Owned Subsidiary of ABX, and [***]. It is understood that if ABX grants a Sublicense to a Wholly-Owned Subsidiary, any consideration received by ABX from such Wholly-Owned Subsidiary in respect of such Sublicense shall not be ---------- [***] Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. included within the definition of Net Sublicense Revenues; however, if following such grant of a Sublicense, the entity ceases to be a Wholly-Owned Subsidiary of ABX, any cash payment that ABX receives thereafter (including in the transaction in which such entity ceases to be a Wholly-Owned Affiliate) shall be deemed within Net Sublicense Revenues to the extent the same is attributable to the Sublicense.
Sample 1
Net Sublicense Revenues means (i) the amount of cash license fees, milestone payments, Premium on Equity, and running royalties received by ABX or its Wholly-Owned Subsidiary in respect of a Sublicense, less (ii) any cash payments, including license fees, milestone payments or royalties, that ABX is required to pay to third parties (other than amounts paid to XT for 1.25.1 For purposes of clarification, it is understood and agreed that Net Sublicense Revenues shall (A) not include amounts paid to ABX [***], and (B) shall be [***] payments that ABX otherwise would be required to make. 1.25.2 For purposes of this Agreement, "Premium on Equity" shall mean the amount by which cash amounts received by ABX or its Wholly-Owned Subsidiary for shares in such company exceed Fair Market Value of such shares. "Fair Market Value" or an equity security shall mean (i) if the equity security is traded on a National Exchange, then Fair Market Value shall equal the average closing sale price of a share of such equity security as reported on the National Exchange for each of the thirty (30) trading days immediately preceding the date ABX received payment for such security from the Sublicensee; (ii) if the equity security is not traded on a National Exchange, then Fair Market Value shall be determined on the basis of the common stock equivalents of such equity security, and shall equal the effective gross price per share of a common stock equivalent of ABX (subject to appropriate adjustments for stock splits, stock dividends, recapitalizations, reorganizations and combinations) in the last sales of equity securities by ABX to third parties other than the Sublicensee (but including sales to such other third parties made at the same time as the sale to the Sublicensee), in which the aggregate cash purchase price paid by such third parties exceeded Three Million Dollars ($3,000,000) and in which at least fifty percent (50%) of the invested amount is from investors that are not pharmaceutical or biotechnology companies (or Affiliates thereof) and that have not previously invested in ABX and have not entered into a collaboration or contractual arrangement with ABX. For such purposes, "National Exchange" means the New York Stock Exchange, the American Stock Exchange, any national market system (including without limitation the Nasdaq National Market), or the European equivalent of such an exchange or market system.
Sample 1
Net Sublicense Revenues means all revenues or other consideration
Sample 1
Net Sublicense Revenues means all revenues or other consideration received from Third Parties as consideration for sublicensing of the manufacture, distribution, use or sale of Collaboration Products in the Profit Sharing Territory, less the expenses directly attributable to supplying goods and services to such sublicensees to enable their performance of the sublicenses.
Sample 1

Related to Net Sublicense Revenues

  • Net Sales means [***].

  • Net Revenues means revenues less related expenses, including

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”