Proceeds Percentage definition
Examples of Proceeds Percentage in a sentence
On or before the tenth day (or, if such day is not a Business Day, the next Business Day) following the Quarterly Record Date for each Payment Period, Grantor shall transfer or cause to be transferred to Grantee an amount in respect of the Subject Interests equal to the product of the Proceeds Percentage times the Net Profits with respect to such Payment Period in accordance with Section 3.2(b).
Patent Owner hereby irrevocably assigns to IPLLC the Net Proceeds Percentage of the Net Proceeds in perpetuity.
If the NPI Calculation results in a positive amount with respect to the Payment Period (the “Net Profits”), then (i) that positive amount shall be subtracted from the balance of the Net Profits Account to cause the Net Profits Account to have a zero balance immediately following the end of such Payment Period, (ii) that positive amount shall be multiplied by the Proceeds Percentage, and (iii) the resulting product thereof (the “NPI Payout”) shall be payable to Grantee as specified in Section 4.3.
On or before the fifth Business Day following the Quarterly Record Date for each Payment Period, Grantor shall transfer or cause to be transferred to Grantee an amount in respect of the Subject Interests equal to the product of the Proceeds Percentage times the Net Profits with respect to the immediately preceding Payment Period in accordance with Section 3.2(b).
UWH shall be entitled to receive an amount equal to the Net Proceeds Percentage of all Net Proceeds, payable out of all Gross Monetization Proceeds received or entitled to be received by or transferred, paid or inuring to QPRC and any Patent Owner (or for their benefit), from whatever source (“Received Proceeds”).
Upon the receipt by the Company or any of its Subsidiaries of any Net Cash Proceeds of any additional Indebtedness (excluding Indebtedness hereunder and Indebtedness permitted under Section 7.01) incurred or issued by the Company or any of its Subsidiaries, the Company shall prepay the Term Loans in an amount equal to the Net Cash Proceeds Percentage of such Net Cash Proceeds.
Following delivery of each compliance certificate pursuant to Section 6.02(b) commencing in respect of the fiscal year ending December 31, 1998, but not later than each April 30 of each year, beginning April 30, 1999, the Company shall prepay the Term Loans in an amount equal to the Net Cash Proceeds Percentage of any Excess Cash during the preceding fiscal year.
Subject to UWH’s obligations pursuant toSection 2(e)(iv) of the Standstill Agreement dated June 12, 2017, Patent Owner hereby irrevocably assigns to UWH the Net Proceeds Percentage in perpetuity.
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.
Each of the Purchaser and the Agent acknowledges that it has no right to require the Transferor to register under the Act or any other securities law any Certificates to be acquired by the Agent for the benefit of the Purchaser or any other Owner pursuant to this Agreement.