Company Proceeds definition

Company Proceeds means the net monetary proceeds received by the Company from any Patent Asset Proceeds after payment of (i) contingent and/or other fees and expenses payable to law firms representing the Company and/or (ii) minimum returns payable under the Brickell Agreement.

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Company Proceeds shall have the meaning assigned thereto in Section 2.1(c).

Company Proceeds has the meaning ascribed to such term in Section 2.4.

Examples of Company Proceeds in a sentence

The Allocated Portion will be paid by the Company within thirty (30) business days following receipt by the Company of Company Proceeds by wire transfer of immediately available funds to an account specified by the Purchaser in writing to the Company.
If the Estimated Sharing Percentage and estimates of the Distributable Company Proceeds and the Holdback Amount shall have been calculated pursuant to Section 6.19 of the Merger Agreement, then such calculations shall be delivered to the Rights Agent as the “Calculation Notice” hereunder promptly following the Issuance Date.
Montage and Marigold shall, and each shall cause its respective Subsidiaries to, provide the other with all information, books and records as the other shall reasonably request for purposes of calculating such Estimated Sharing Percentage and an estimate, prepared in good faith, of the Total Net Company Proceeds (as defined in the CVR Agreement).
In such a transaction there shall be made such adjustments to the Members' Default Capital, accrued Default Preferred Return, Adjusted Capital and Capital Accounts as would have been made if Company Proceeds were Capital Proceeds, the Distributable Capital Proceeds of which were distributed (with applicable Company retentions) pursuant to SECTION 5.7.2.
Total Losses shall first be borne by the Company to the extent of the amount of Company Proceeds, and the Company shall indemnify Tektronix with respect to any and all Losses of Tektronix so that this result is achieved.
The Company may at any time direct the Trustee in writing to return moneys from the Company Proceeds Account to the Company, if no further Costs of Issuance are required to be paid.
In the event of any dispute between any Secured Creditors as to the Obligations owed to them or the amounts thereof, the Collateral Agent shall be entitled (but not required unless so directed by the Required Secured Creditors) to hold such portion of the Company Proceeds as are subject to such dispute pending the resolution by the parties or pursuant to a judicial determination.
If the Company Proceeds are more than $42 million or less than $28 million, the IPO Bonus Amount will be increased or decreased, as the case may be, according to the proportion between the actual Company Proceeds and $35 million.
The Company shall bear any Total Losses in excess of the sum of Company Proceeds and Tektronix Proceeds, and the Company shall indemnify Tektronix with respect to such excess Losses of Tektronix so that this result is achieved.
Proceeds to the selling shareholder for its sale of the Company shares in the IPO will not be considered as Company Proceeds.

More Definitions of Company Proceeds

Company Proceeds as defined in Section 2.2(b).

Company Proceeds means the total amount of credit extended to the Company in connection with the Summit Debt, including any amount of money used to satisfy then existing indebtedness of the Company as a Refinancing. In addition, subject to the conditions set forth in this Section 2.9(f), in connection with such a Company Guarantee of Summit Debt (or a Company Guarantee effected in connection with the incurrence of debt by the Company and not involving Summit Materials Holdings L.P. or any of its Subsidiaries (other than the Company and its Subsidiaries)), upon a Refinancing or any refinancing of the Company’s indebtedness, the Rollover Members agree to, and shall take any and all action reasonably necessary in order to, (x) guarantee on a senior basis (any such guarantees, collectively, the “Rollover Guarantee”) the Summit Debt or any new indebtedness of the Company, as applicable, up to the amount of the Company Proceeds and (y) pledge their Units to secure the Rollover Guarantee or any guarantee or similar security interest as it relates to Company indebtedness; provided that, in the case of the Rollover Guarantee, such Rollover Guarantee shall be recourse only to the Units so pledged. The terms of this Section 2.9(f) shall only apply in those instances in which the Summit Member(s) shall provide guarantees and pledges of Units on similar terms as those provided by the other Members and to the extent such Refinancing involves Subsidiaries of Summit Materials Holdings L.P. other than the Company and its Subsidiaries), (1) the material Subsidiaries of Summit Materials Holdings L.P. shall provide guarantees and pledges of assets on similar terms as those provided by the Company; (2) the Summit Borrower shall be the primary obligor under the Summit Debt and shall have provided a perfected, first priority security interest in, and mortgages on, all property and assets of the Summit Borrower and (3) the Summit Borrower shall have extended, or shall have caused to be extended, credit to the Company in an amount equal to the Company Proceeds, with such loan to be upon identical terms (or terms more favorable to the Company) as the Summit Debt in all material respects.

Company Proceeds means proceeds from the sale of securities by the Company in the Offering (less underwriters' discounts and commissions).

Company Proceeds. The total Project Proceeds from the applicable EOP Project Entity that would be distributable to the Company in the event of the deemed sale and liquidation of the Project Entity and Owner under SECTION