Revenue Participation Right definition

Revenue Participation Right means the right to receive the Royalty Payments.

Revenue Participation Right means collectively all of the Buyer’s rights to receive the Payment Stream.

Revenue Participation Right means the Tranche 1 Revenue Participation Right and the Tranche 2 Revenue Participation Right, in each case, individually or collectively as the context requires.

Examples of Revenue Participation Right in a sentence

• From and after the Effective Date, the Buyer will have acquired, subject to the terms and conditions set forth in the Transaction Documents, good and marketable title to the Revenue Participation Right and Revenue Payments, in each case free and clear of all Liens (other than Permitted Liens).

• None of the property or assets of the Seller or any of its Affiliates (other than the Revenue Participation Right and Revenue Payments, which are covered by the immediately preceding sentence) is subject to, or encumbered by, any Lien (other than Permitted Liens).

• The purchase and sale of the Revenue Participation Right shall take place remotely via the exchange of documents and signatures on the date hereof or such other place, time and date as the parties hereto may mutually agree.

• The Seller and/or its Affiliates holds all rights, interests, and title necessary to sell, transfer, assign and convey the Revenue Participation Right to the Buyer.

• It is the intention of the parties hereto that the beneficial interest in and title to the Revenue Participation Right and any “proceeds” (as such term is defined in the UCC) thereof shall not be part of the estate of the Seller in the event of the filing of a petition by or against the Seller under any Bankruptcy Laws.

More Definitions of Revenue Participation Right

Revenue Participation Right is defined in the Revenue Participation Agreement.

Revenue Participation Right means the right to receive the Participation Payments.

Revenue Participation Right means the “Revenue Participation Right” as such term is defined in the Royalty Financing Agreement as in effect on the date hereof.

Revenue Participation Right means the right to receive the Royalty Payments payable with respect to Included Product Revenue during the period from (and including) the Closing Date through (and including) the Royalty Termination Date.

Revenue Participation Right means the right to receive payment in full of all Revenue Payments on each Product, and an undivided ownership interest in all Net Sales of each Product occurring during the Revenue Payment Term, including all accounts (as defined in the UCC), general intangibles (as defined in the UCC), payment intangibles (as defined in the UCC) and all other rights to payment on account of, in connection with or arising from such Net Sales of each Product, and all proceeds thereof, in an amount equal to the Revenue Percentage.

Revenue Participation Right means, collectively, all of Working Interest Holder’s rights to receive the Payment Stream.

Revenue Participation Right means the right to receive the Daxi Royalty Payments.