License Payments definition
License Payments has the meaning set forth in Section 2.1.
License Payments shall have the meaning provided in Section 9.3(b).
License Payments means all amounts (including, without limitation, ---------------- so-called "minimum guarantees" and "advances") payable to or for the benefit of the Borrower pursuant to any License Agreement whether characterized as accounts, accounts receivable, general intangibles or otherwise; any and all sums, proceeds, money, products, profits or increases payable to the Borrower pursuant to any License Agreement; all chattel paper that may arise in connection with any License Agreement and any and all amounts payable thereunder whether characterized as accounts, accounts receivable, contracts receivable, general intangibles or otherwise; and any and all proceeds of the foregoing payable to the Borrower.
Examples of License Payments in a sentence
During the period of this Agreement, Subscription (License) Payments shall be paid by the Subscriber (Licensee) at the rate set forth in Exhibit C for the license to the PatentBook Patents.
It is therefore essential that the Parties’ obligations under the License Agreement, including but not limited to the amount of the License Payments, be certain and not subject to collateral attack.
BMS shall also be responsible for the payment of any Third Party License Payments that may be due based on the manufacture, supply and use of the BMS Study Drug used in the Combined Therapy Clinical Trial.
The term “Comprehensive Resolution Payments” means the License Payments.
Rambus will apply such amounts to any subsequent License Payments due under the License Agreement.
More Definitions of License Payments
License Payments means the Closing License Payment, the First Year Quarterly License Payments, the Second Year Quarterly License Payments, the Third and Fourth Year Quarterly License Payments and the Fifth Year Quarterly License Payments.
License Payments means and includes all payments made by Licensee to Licensor under this Agreement, including Royalty Payments and including payments of any portion of monies received as a result of enforcement efforts under this agreement, including payments from non-Affililiate sublicensees.
License Payments. The term “License Payments” has the meaning set forth in Section 2.1.
License Payments means any payments or other consideration that Oscine or its Affiliates receives in connection with a License Transaction including without limitation license fees, license option fees, milestone payments, license maintenance fees, and equity, but excluding [***]. In the event that Oscine receives non-monetary consideration in connection with a License Transaction, or in the case of transactions not at arm’s-length, License
(a) if the shares of the relevant entity are not traded on a stock exchange or over the counter, the value of such equity securities as determined in good faith by Oscine’s Board of Directors, and (b) if the shares of the relevant entity are traded on a stock exchange or over the counter, the average closing price of such shares on the [***] trading days prior to the closing of the equity transaction. To the extent that Oscine or its Affiliates receive payments or other consideration under an agreement that includes both a License Transaction and a license or sublicense for products, Intellectual Property, technology, or materials that are not covered by the License Transaction, then Oscine or its Affiliates shall calculate reasonably and in good faith the portion(s) of overall consideration in the transaction that will be considered License Payments (i.e. the amount attributable to rights granted with respect to Oscine Products) hereunder versus the amount that is not License Payments based on the relative value of the License Transaction as compared to the rights granted with respect to the other products, technology, Intellectual Property rights or material licensed or sublicensed by Oscine under such agreement in consideration for which such payment was made. Oscine shall notify Hadasit in writing of its calculation made under the foregoing clauses (i) and/or (ii) within [***] days of receipt of License Payments (“License Payments Calculation Notice”) and shall provide such supporting detail and documentation to support its calculation as is reasonably needed in order for Hadasit to determine the reasonableness of such calculation; provided that if Oscine has reasonable confidentiality concerns regarding trade secret information related to Oscine’s other projects or Intellectual Property that may be included in such documentation, Oscine shall not be required to provide details with respect to such information and may instead provide a general summary or overview of such information. During the [***] days period following the provis...
License Payments means all payments due or which may become due after Closing under the Excluded Preexisting HEI License Agreements or the Excluded Seller License Agreements, as applicable.
License Payments means any payments or other consideration that Oscine or its Affiliates receive in connection with a License Transaction, including without limitation license fees, license option fees, milestone payments, license maintenance fees, and equity, but excluding [***]. In the event that Oscine receives non-monetary consideration in connection with a License Transaction, or in the case of transactions not at arm’s-length, License Payments shall be calculated based on the fair market value of such consideration or transaction, assuming an arm’s length transaction made in the ordinary course of business. Notwithstanding the foregoing, “License Payments” shall not include: [***]. For the purpose of the foregoing, the “fair market value” of an entity’s equity securities shall be determined as follows:
(a) if the shares of the relevant entity are not traded on a stock exchange or over the counter, the value of such equity securities as determined in good faith by Oscine’s Board of Directors, and (b) if the shares of the relevant entity are traded on a stock exchange or over the counter, the average closing price of such shares on the [***] trading days prior to the closing of the equity transaction.
License Payments. Payments received by or for the account of the Issuer after the Cut-Off Date relating to the Issuer’s rights to receive payments under the Area License Agreements, including without limitation, (i) the license royalty fees due to the Issuer pursuant to the Area License Agreements (the “License Royalties”), (ii) the fees for the transfer or renewal of a license (the “License Transfer/Renewal Fees”) and (iii) interest on late payments.