Common use of Payment Waterfall Clause in Contracts

Payment Waterfall. Claimant shall cause the Lawyers promptly to pay to ▇▇▇▇▇▇▇ out of the Trust Account all Investment Returns, as and when any Litigation Proceeds are received (once such funds clear or otherwise become available), in accordance with Exhibit C. If no Litigation Proceeds are obtained from the Litigation, then ▇▇▇▇▇▇▇ will not be entitled to its financial return and Claimant will owe ▇▇▇▇▇▇▇ nothing, provided that ▇▇▇▇▇▇▇ shall be entitled to the Principal Protection set forth on Exhibit C.

Appears in 2 contracts

Sources: Litigation Funding Agreement, Litigation Funding Agreement (Prism Technologies Group, Inc.)