Common use of Net Consideration Clause in Contracts

Net Consideration. The Managing Party shall communicate to the Other Parties the Allocable Percentages of Net Consideration calculated after deduction of the following amounts: (a) first, the Patent Expenses (which shall be distributed to the Parties in proportion to the prior Patent Expenses actually paid by each Party, except in the circumstances described in Section 3.5(d)), (b) second, the Licensing Expenses due to the Managing Party (not to exceed the cap set forth in Section 5.3(b) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses or paying a license documentation fee or similar fee for that purpose) and (c) third, the Management Fee, due to the Managing Party (not to exceed the cap set forth in Section 5.3(c) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses).

Net Consideration. The Managing Party shall communicate to the Other Parties the Allocable Percentages of Net Consideration calculated after deduction of the following amounts: (a) : first, the Patent Expenses (which shall be distributed to the Parties in proportion to the prior Patent Expenses actually paid by each Party, except in the circumstances described in Section 3.5(d)), (b) , second, the Licensing Expenses due to the Managing Party (not to exceed the cap set forth in Section 5.3(b) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses or paying a license documentation fee or similar fee for that purpose) and (c) and third, the Management Fee, due to the Managing Party (not to exceed the cap set forth in Section 5.3(c) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses).