Revenue Interest definition
Revenue Interest means, with respect to the Existing License Agreement, any and all of NeurogesX’s rights to receive (i) any payments under Section 3 or Section 4 (except Section 4.4) of the Existing License Agreement, including, without limitation, rights to receive Sales Milestones under Section 3.2 of the Existing License Agreement, the Option Retention Fee under Section 3.3.2 of the Existing License Agreement, the Option Exercise Fee under Section 3.3.3 of the Existing License Agreement, and Earned Royalties under Section 4 of the Existing License Agreement, in each case payable on and after ▇▇▇▇▇ ▇, ▇▇▇▇, (▇▇) any payments under Section 11.5.2 of the Existing License Agreement in amounts in the aggregate in excess of out-of-pocket costs and expenses (including reasonable attorneys’ and professional fees) incurred in connection with any Enforcement Action (as such term is defined in the Existing License Agreement), (iii) any payments similar to those described in clauses (i) and (ii) from Astellas or its affiliates with respect to Licensing Option Products, regardless of whether such Licensing Option Products are included under the Existing License Agreement or licensed to Astellas pursuant to a separate agreement, (iv) any payments similar to those described in clauses (i), (ii) and (iii) under any Replacement License Agreement, (v) any payments similar to those described in clauses (i) – (iv) made by a Licensee after rejection of the Existing License Agreement or Replacement License Agreement by NeurogesX in bankruptcy, and (vi) any other payments for or derived from the sale, offer for sale (including marketing and promotion), distribution or other commercialization or exploitation of Licensed Products in the Territory. For clarity the Revenue Interest shall exclude all rights under any License Agreement to receive (a) payments or amounts which are used to pay Third Parties for rights to intellectual property necessary for or incorporated in the Licensed Products (including amounts payable (I) under Section 4.4 of the Existing License Agreement, (II) to The Regents of the University of California (“The Regents”) pursuant to Section 3.2 or Section 19.4 of that certain Exclusive License Agreement between NeurogesX and The Regents effective November 1, 2000 or (III) to LTS ▇▇▇▇▇▇▇ Therapie Systeme AG (“LTS”) pursuant to Section 7.3 of that certain Commercial Supply and License Agreement between NeurogesX and LTS dated January 2007), (b) any payments under the Supply Ag...
Revenue Interest has the meaning set forth in the Financing Agreement.
Revenue Interest means all of Product Sub’s rights, title and interest in and to that portion of accounts receivable and royalty receivables arising out of sales of the Product worldwide.
Examples of Revenue Interest in a sentence
For purposes of this Agreement, the term “Title Benefit” shall mean Seller’s interest in any Subject Interest that is greater than or in addition to that set forth in Exhibit B (including, without limitation, a Net Revenue Interest that is greater than that set forth in Exhibit B) or Seller’s Working Interest in any Subject Interest that is less than the Working Interest set forth in Exhibit B (without a corresponding decrease in the Net Revenue Interest).
Except as provided in this Section 6.01 and in Section 6.02, this Agreement shall terminate upon expiration of the Revenue Interest Period (the “Term”).
This Agreement and the Revenue Interest represents a “security”, as that term is commonly defined under the applicable rules and regulations of the Securities Act of 1933, as amended from time-to-time (the “Securities Act”), and the Parties specifically intend that neither this Agreement nor the Revenue Interest constitute a debt instrument.
There are no investigations, actions, suits, proceedings, administrative actions, or any similar actions threatened or pending that affects the sale of the Revenue Interest, or to the best knowledge of AREB, any of same regarding AREB.
If there is a breach of the foregoing warranty with respect to a Development Well, Assignee shall receive payment of Assignee Proceeds based upon the Assignor’s Net Revenue Interest warranted in this Conveyance as to such Development Well.
More Definitions of Revenue Interest
Revenue Interest means at any point in time the percentage of the total of all Hydrocarbons produced and saved from the OML 113 Lease (after the deduction therefrom of any and all Royalties and other amounts assessed against such production and payable to the Government) which a Party is entitled to receive pursuant to the provisions of the Joint Operating Agreement and Article 2 of this Agreement, being the sum of such Party’s share of the Cost Recovery Account and the Profit Account.
Revenue Interest means all of the Company’s rights, title and interest in and to, free and clear of any and all Liens (except for any Lien contemplated under clauses (c), (d), (e), (f), (k), (l), (y) and (cc) of the definition of “Permitted Lien”), that portion of the Annual Net Revenues of the Company in an amount equal to the Included Product Payment Amount for each Calendar Quarter during the Payment Term.
Revenue Interest. (or words of similar import), (2) cause Mercury Sub to be obligated to bear a decimal or percentage share of the cost of exploration, development and operation of such tract of land not greater than the decimal or percentage share set forth in Section 2.2(o) of the Mercury Disclosure Letter in connection with such tract opposite the words "Working Interest" (or words of similar import) and (B) if such Mercury Property is shown in Section 2.2(o) of the Mercury Disclosure Letter to be subject to a unit or units, with respect to each such unit, (1) entitle Mercury Sub to receive a decimal or percentage share of all substances covered by such unit which are produced from, or allocated to, such unit equal to not less than the decimal or percentage share set forth in Section 2.2(o) of the Mercury Disclosure Letter in connection with such Mercury Property opposite the words "Unit Net Revenue Interest" or words of similar import (and if such Mercury Property is subject to more than one unit, words identifying such interest with such unit), and (2) obligate Mercury Sub to bear a decimal or percentage share set forth in Section 2.2(o) of the Mercury Disclosure Letter in connection with such Mercury Property opposite the words "Unit Working Interest" or words of similar import (and if such Mercury Property is subject to more than one unit, words identifying such interest with such unit). With respect to each Mercury Property described in Section 2.2(o) of the Mercury Disclosure Letter which is subject to a voluntary or involuntary pooling, unitization or communication agreement and/or order, the term "tract of land" as used in this subsection (xi) shall mean the pooled, unitized or communitized area as an entirety and shall not be deemed to refer to any individual tract committed to said pooled, unitized or communitized area. Without limitation of the foregoing, the ownership by Mercury Sub of the Mercury Properties does and will, with respect to each well or unit identified in Section 2.2(o) of the Mercury Disclosure Letter entitle Mercury Sub to receive a decimal or percentage share of the oil, gas and other hydrocarbons produced from, or allocated to, such well or unit equal to not less than the decimal or percentage share set forth, for such well or unit, in the column headed "Net Revenue Interest" in Section 2.2(o) of the Mercury Disclosure Letter, and cause Mercury Sub to be obligated to bear a decimal or percentage share of the cost of operation of such well o...
Revenue Interest means the, Working Interest, less applicable burdens, proportionately reduced. Operating Agreement has the meaning ascribed to it in Article 5. Objective Depth has the meaning ascribed to it in Article 6, Preferential Right to Purchase means obligations with respect to a Lease or its related agreements that exist at the Effective Date and that may include requirements to satisfy obligations, including, but not limited to, the obligation to offer the terms and provisions of this Agreement or the Initiative to a third party holding contractual rights applicable to a Lease, Prospect means, in general, a geologic structural, stratigraphic trap or combination thereof that is believed to have the potential for accumulations of hydrocarbons, as defined in the Initiative, in commercial quantities and that lies at a depth greater than or equal to fifteen thousand feet (15,000) subsea and whose associated Lease may obtain royalty relief pursuant to 30 CFR 203 as amended or a similar royalty relief provision contained in the Lease itself. Prospect means, specifically as it relates to this Agreement, the Saltamontes Profundo aspect. Prospect Area means the geographic area encompassing the Prospect and any depth limitation applicable thereto, as fully described on Exhibit "A" hereto, and which shall be identified by legal description appropriate for recording purposes with the MMS. Working Interest means the undivided interest of a Party, expressed as a percentage of the total interests of all Parties, in the rights and obligations derived from this Agreement and also means the undivided interest of a party, expressed as a percentage of the total interests of all Parties, in the rights and obligations in and to a Lease.
Revenue Interest means CHRP’s right to receive amounts equal to the Applicable Percentage of the Net Product Sales pursuant to the terms and conditions of this Agreement.
Revenue Interest set forth on Exhibit "D" hereto for each of the Well▇ ▇▇ all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from such Well, after deducting all royalty, overriding royalty and other leasehold burdens, and (B) the "Revenue Interest" set forth in Exhibit "J" attached hereto and made a part hereof for each of the separate tracts of land or proposed well locations described on Exhibit "J" hereto of all oil, gas and associated liquid and gaseous hydrocarbons produced, saved and marketed from a well which may be drilled on such separate tract of lands also, after deducting all royalty, overriding royalty and other leasehold burdens; and
Revenue Interest means an Interest in the Adjusted Gross Revenues — initially owned by Value Line, Inc. ("VLI).