Proceeds Sharing Clause Samples
POPULAR SAMPLE Copied 4 times
Proceeds Sharing. (a) ALL HOLDERS OF COMMON STOCK. In the event that (i) the holders of the Common Stock of the Company receive aggregate cash distributions from the Company or Amneal with respect to their shares of Common Stock of less than $3 million, and (ii) the Series D-1 Stockholders receive aggregate cash distributions from the Company or Amneal of at least
Proceeds Sharing. In exchange for selling the Goods, Brewhouse Equipment Group shall be entitled to twenty percent (20%) of the proceeds derived from the sale of the Goods (the “Sales Proceeds”). The ‘Sales Proceeds are solely derived from the sale of the Goods and shall not include any portion of the fees that Brewhouse Equipment Group may or may not charge to the arranged buyer of the Goods for any pickup, shipping, rigging, delivery, or setup costs. Brewhouse Equipment Group shall deduct an additional fee of $5990 from the gross sales amount due to the consignee for the proper removal, loading and packing of these consignment items, and to cover a portion of cost of transport. This amount shall be deducted from the final proceeds payable to the consignor.
Proceeds Sharing. The underlying principle of this Agreement is that QLT and Novartis will equally share risks and benefits through Development and commercialization of Products prior to the Transition Effective Date as sole collaborators. Except as expressly otherwise set out in this Agreement to contemplate credits for allocation of certain expenses as agreed between the parties as set out in Section 15.2 or modifications to the division of expenses and the benefit of such expenses as set out in Section 19.2, after deductions or credits for the Manufacturing Expenses, Third Party Royalties and the Marketing and Distribution Expenses, the remainder (“Net Proceeds”) will be divided equally between QLT and Novartis.
Proceeds Sharing. The Parties hereby agree and acknowledge that the intent of the undertakings entered into pursuant to this Agreement is to further the agreement of the Parties that the Securities held by each Securityholder are intended to provide the economic return thereon described in this Agreement. Notwithstanding the treatment of the Securities under applicable law with regard to Distributions made by any Group Company, each of the Parties agrees (i) that all distributions by any Group Company in respect of the Preference Shares and Shares held by each Securityholder will be implemented in accordance with the written terms of this Agreement, and (ii) to take any and all actions reasonably required by the Board to implement distributions by the Group Companies in the manner described in the foregoing clause (i), including holding amounts attributable pursuant to this Agreement to a Securityholder, but received by another Securityholder, for the benefit of such first Securityholder.
Proceeds Sharing