Distribution of Net Proceeds. The Members shall continue to divide Net Profits and Net Losses and Available Cash Flow during the winding-up period in the same manner and the same priorities as provided for in Articles IV and V hereof. The proceeds from the liquidation of Property shall be applied in the following order:
Distribution of Net Proceeds. The Members shall continue to allocate Profits and Losses and distribute Available Cash and Net Capital Transaction Proceeds during the winding-up period in the same manner and the same priorities as provided for in Articles 4 and 5 hereof. The proceeds from the liquidation of LLC Property shall be applied in the following order:
Distribution of Net Proceeds. Dalhousie shall provide the Inventors with an annual report regarding its Protection and Commercialization efforts and the Gross Revenues received, Direct Costs incurred and Net Proceeds in connection with the Intellectual Property during each fiscal year of Dalhousie. Dalhousie shall retain 50% of the Net Proceeds for each such fiscal year and shall pay 50% of the Net Proceeds for each such fiscal year, within 6 months of the end of such fiscal year, to Inventors and, at the direction of the Inventors, to such other individuals with whom the Inventors wish to share the Net Proceeds, in accordance with Schedule “B”. The Inventors may modify Schedule “B” at any time upon delivery to Dalhousie of written notice, signed by all of the Inventors, but such amended Schedule “B” shall not be binding on Dalhousie unless received at least 60 days prior to the next distribution of Net Proceeds.
Distribution of Net Proceeds. Subject to the provisions of Article 12 and Article 20 (in the event of a liquidation), in the event of a Capital Transaction (as defined below) relating to the Property, all Net Proceeds (as defined below) from such Capital Transaction shall be distributed to the Members in the following order of priority:
Distribution of Net Proceeds. For as long as the Investor owes any amounts to the Owner, all Gross Proceeds shall be paid to Servicer. Every 45 days Servicer shall disburse to the Investor an amount equal to the Net Proceeds over the preceding billing period reduced by any Standard Expenses incurred by Owner or Servicer or amounts otherwise due under this Agreement. Initial here: to confirm you agree to the foregoing provision.
Distribution of Net Proceeds. Upon the occurrence of any of the events specified above and the completion of the winding up all LLC business and affairs, the assets of the LLC shall be promptly liquidated and distributed in the following order:
Distribution of Net Proceeds. 1. Distributions of Net Proceeds to the Parties shall be accounted for, and made, within 30 days of each 6 month cycle. Company will deliver to Artist, with each semi- annual distribution of Net Proceeds, a semi-annual accounting of the sales, the sales proceeds, and New Project Costs, related to the marketing, distribution, and sales, of the New Project during the previous period.
Distribution of Net Proceeds. The Members shall continue to divide Net Income and Losses and Available Cash Flow during the winding-up period in the same manner and the same priorities as provided for in Article 6. The proceeds from the liquidation of Property shall be applied in the following order:
Distribution of Net Proceeds. The net proceeds of a transaction or series of transactions described in Section 10.1 or Section 10.2 approved by the Partners shall be distributed, after distribution of the Priority Share, if any, described in Section 10.5, by the Managing Xxxxxx as follows:
Distribution of Net Proceeds. Distributions to Parties of Products (other than precious metals), shall be in the form of Net Proceeds. All (100%) of Net Proceeds shall be distributed in proportion to the Parties’ Participating Interests at such time said Net Proceeds is received by the Venture. Distributions of Net Proceeds shall be made to the Parties on a monthly basis and within thirty (60) days following the end of each month in which Net Proceeds is realized.
