Revenue Interest Financing definition

Revenue Interest Financing means the transaction contemplated by the Revenue Interest Financing Agreement relating to the Revenue Interest Financing Secured Product.

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Revenue Interest Financing shall have the meaning set forth in the Security Agreement.

Revenue Interest Financing means that certain revenue interest financing transaction pursuant to that certain Revenue Interest Financing Agreement by and among the Borrower and Sagard Healthcare Royalty Partners, LP, dated as of October 28, 2022 (the “RIFA”), as in effect on the date hereof and provided to the Administrative Agent prior to the date hereof, and secured only by Liens on the Collateral (as defined in the Permitted Intercreditor Agreement) securing the Financing Lien Obligations (as defined in the Permitted Intercreditor Agreement).

Examples of Revenue Interest Financing in a sentence

Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Revenue Interest Financing Agreement, dated as of September 14, 2019 (as amended) (the “Revenue Interest Financing Agreement”), among the Company and the Holder.
All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance with the provisions of the Revenue Interest Financing Agreement.
Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Revenue Interest Financing Agreement.
The foregoing release, covenant and waivers of this Section 8 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment or prepayment of any of the Loans, or the termination of the Credit Agreement, this Amendment, any other Loan Document, the Revenue Interest Financing Agreement or any provision hereof or thereof.
Notwithstanding anything herein to the contrary, nothing contained in this Warrant shall affect, limit or impair the rights and remedies of the Holder in its capacity as an Investor in the Company or any of the Company’s subsidiaries pursuant to the Revenue Interest Financing Agreement (as amended), or any other agreements or instruments entered into in connection therewith.
Any Obligor or any of its Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness or the Revenue Interest Financing, when and as the same shall become due and payable after giving effect to any applicable grace or cure period as originally provided by the terms of such Indebtedness or the Revenue Interest Financing.
Section 3.1 Payments on Account of the Revenue Interest Financing.
In connection with the entry by the Borrower into the Revenue Interest Financing, the Administrative Agent is hereby authorized to enter into that certain Intercreditor Agreement with respect to the Revenue Interest Financing by and among the Administrative Agent and Sagard Healthcare Royalty Partners, LP, and acknowledged by the Borrower, dated as of October 28, 2022 (as amended, modified or restated from time to time) (the “Permitted Intercreditor Agreement”).
Except for the Revenue Interest Financing or as set forth on Schedule 7.23 (as such schedule may be updated on any Bringdown Date), no Obligor, nor any of its Subsidiaries, is obligated to pay any royalty, milestone payment or any other contingent payment in respect of Taletrectinib.
The Grantor agrees that, subject to Section 8(a), and subject to Section 3.2 of the Revenue Interest Financing Agreement, at no time after the Control Agreement Completion Date shall it hold any funds or any other assets included in the Collateral in any Pledged Account that is not a Controlled Account.

More Definitions of Revenue Interest Financing

Revenue Interest Financing means any sale of, or financing or similar transaction based exclusively on, revenues or net sales derived from, and/or other proceeds arising out of or relating to (a) the Company’s revenues or net sales of any Product (other than an Included Product), or (b) the Company’s net sales of any Included Product but only if and to the extent such net sales of such Included Product are solely outside of the United States, provided that, in each case of clauses (a) and (b) above, such transaction does not grant any Lien on any Collateral (collectively, the “Revenue Strip Proceeds”).

Revenue Interest Financing means any sale of, or financing or similar transaction based on, revenues or net sales derived from, and/or other proceeds arising out of or relating to, the Specified Product and related Intellectual Property, including distribution income, service payments, royalty payments and license income, which may be secured by Liens on (i) royalty payments and proceeds resulting from sales of the Specified Product, rights deriving therefrom and collateral accounts in respect of such Revenue Interest Financing (collectively, the “Revenue Strip Proceeds”), and/or (ii) subject to an intercreditor agreement, Intellectual Property and other assets related to the Specified Product, including accounts, payment intangibles arising therefrom and proceeds thereof.