Disposition Royalty definition

Disposition Royalty shall have the meaning set forth in Section 4.2(c).
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Examples of Disposition Royalty in a sentence

  • The Disposition Royalty shall be paid whether the gross proceeds of such transaction received by Icagen are in the form of upfront license fees, milestone payments or other fees (and whether paid in cash or other property), provided that such gross proceeds shall be reduced [***].

  • Pursuant to the terms of the [***], [***] will pay to CFF directly all Disposition Royalty amounts set forth in Sections 7.1 and 7.2(a) of such Agreement.

  • The Disposition Royalty shall be paid within sixty (60) days of the date Icagen receives any payment with respect to a Disposition Transaction.

  • Icagen shall notify CFF promptly of any transaction that would cause the payment of a Disposition Royalty.

  • PTI shall notify CFFT promptly of any transaction that would cause the payment of a Disposition Royalty.