Payment Sharing Sample Clauses

Payment Sharing. All amounts and payments of any kind received by either of the Payees under or in respect of the Notes or any other Credit Document shall, whether received by voluntary payment or scheduled payment of principal or interest, or exercise of rights or remedies with respect to the Collateral, be shared ratably among the Payees in proportion to the respective amounts due to them under their respective Notes (any such amounts, the “Shared Payments”). Any Shared Payment received by a Payee to which it is not due shall be segregated and held in trust and promptly paid over to the other Payee in the form received, with any necessary endorsements. If an Event of Default exists, any fees or expenses reasonably incurred by a Payee to collect a Shared Payment shall be shared ratably between the Payees in proportion to the respective amounts due to them under the respective Notes.
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Payment Sharing. With respect to each Product in each country in the relevant Territory, within [**] days after (a) the end of each Quarter following First Commercial Sale of such Product in such country, Sandoz shall report the amount of such Product sold in such Quarter, the gross amount invoiced, the deductions used in the calculation of Net Sales, the applicable Cost of Goods Sold, other deductions used to determine Profits, and the resulting calculation of Profit Interest due to Momenta (if no Profit Interest is due, the report shall so state), and (b) the end of each Quarter, each Party shall report to the other the amount of any Sublicense Income or any recovery as a result of any proceeding described in Section 8.4 or from any counterclaim or similar claim asserted in a proceeding described in Sections 8.5 or 8.6 received by such Party or its Affiliates during such Quarter. With each such report, (x) Sandoz shall pay to Momenta the amount of Profit Interest due, and (y) the Party which has been overpaid with respect to Sublicense Income or such recovery shall pay to the other Party an amount such that Momenta has received the Momenta Profit Percentage of Sublicense Income or such recovery (after the reimbursement of each Party’s costs pursuant to Section 8.4.4(a)) with respect to the relevant Product in such Quarter. Reports shall provide a reconciliation showing the amount due.
Sample 1

Related to Payment Sharing

  • Leave Sharing The SPS agrees to maintain a leave sharing plan that conforms to law. Shared leave will be used only for the purpose of maintaining salary and insurance benefits. The length of time a position is held for the employee’s return will not be extended by the use of shared leave.

  • Job Sharing / Time Sharing (a) Job sharing shall be interpreted to mean two employees sharing one full- time position (10 shifts bi-weekly).

  • Revenue Sharing Developer shall pay to Fig, or Fig shall retain (as applicable), the Fig Share in accordance with the terms below.

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • JOB SHARING (a) Job sharing is defined as two permanent employees sharing one full-time position. All job sharing arrangements shall be subject to the approval of the Hospital and the agreement of the Union.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date.

  • Sick Leave Sharing The program permits employees to donate sick leave to a fellow employee who is suffering from or has a relative or household member suffering from an extraordinary or severe illness, injury, impairment, or physical, or mental condition which has caused or is likely to cause the employee to take leave without pay or to terminate employment Definition of Terms used in this program:

  • Scholarly Sharing On an ad hoc basis, Authorized Users may transmit to a third party in hard copy or electronically, minimal, insubstantial amounts of the Licensed Materials for personal use or scholarly, educational, or scientific research or professional use in the nature of collaboration, comment, or the scholarly exchange of ideas but in no case for resale or commercial purposes or in a manner that would substitute for direct access to the Licensed Materials via services offered by Licensor.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated.

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