Examples of Revenue Interest Payments in a sentence
The internships will be hosted in biotechnology companies in the Gainesville area, including Cadre Bioscience, Pelagos Pharmaceutical, Inc, and Rapid Genomics, and in faculty laboratories at UF and UF’s core service laboratories at the Interdisciplinary Center for Biotechnology Research or (see letters of support in Table 1 – Appendix D).
Except pursuant to, or as contemplated by, the Transaction Documents and except for Permitted Liens, the Company has not granted, nor does there exist, any Lien on the Transaction Documents, the Patents or the Revenue Interest Payments.
Notwithstanding anything to the contrary contained in this Agreement, the Revenue Interest Payments are registered obligations for U.S. federal income tax purposes and the right, title and interest of the any Purchaser and its assignees in and to such Revenue Interest Payments shall be transferable only upon notation of such transfer in the register.
The Purchasers’ rights to receive the Revenue Interest Payments shall terminate on the date on which the Purchasers have received Revenue Interest Payments of 195.0% of the Cumulative Purchaser Payments, unless the RIPA is terminated earlier.Under the RIPA, the Company has an option (the “Call Option”) to terminate the RIPA and repurchase future Revenue Interests at any time upon advance written notice.
The chief place of business, the chief executive office and each office where Product Sub keeps its records regarding the Revenue Interest Payments are, as of the date hereof, each located at 4550 Towne Centre Court, San Diego, CA 92121.
All Revenue Interest Payments and other payments by the Company (other than payments in respect of Reimbursable Expenses and indemnification obligations pursuant to S ection 8.04) shall be made to each Purchaser in accordance with its Pro Rata Portion.
If the Purchasers have received Revenue Interest Payments in an amount equal to or greater than 110.0% of the total payments actually made by the Purchasers to the Company, exclusive of transaction expenses (the “Cumulative Purchaser Payments”), on or prior to December 31, 2026, the Revenue Interests shall be reduced to 2.0% at Tier 1 and 0.0% at Tier 3 for all subsequent calendar years beginning on January 1, 2027.
Product Sub has not caused, and to the Knowledge of Product Sub no other Person has caused, the claims and rights of Investor created by any Transaction Document in and to the Revenue Interest Payments, to be subordinated to any creditor or any other Person.
Upon giving effect to the Contribution, Product Sub shall be the exclusive owner of the entire right, title (legal and equitable) and interest in, to and under the Collateral, free and clear of all Liens, other than Permitted Liens and Product Sub shall be entitled to be the sole recipient of all payments in respect of the Revenue Interest Payments.
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