net damages definition
net damages means damages recovered less compensation paid by WorkCover.
net damages means the Damages recovered by Borrower less reasonable costs of recovery including, without limitation, Borrower’s reasonable attorney’s fees and legal expenses.
net damages means damages recovered less compensation paid by an insurer.
Examples of net damages in a sentence
Any amount payable to the Initial Investor pursuant to this subsection shall be due and payable within five (5) business days after the Company actually receives, in cash, the Net Damages.
In consideration for the significant investment being made by the Initial Investor alone, the Company shall pay the Initial Investor, as additional interest, an amount equal to twenty percent (20%) of any Net Damages (as defined below) received by the Company.
More Definitions of net damages
net damages means (a) seventy-two percent (72%) of the aggregate amount of any money damages actually received by KUDCO in any litigation or settlement relating to an Injuction in respect of lost sales of the KUDCO Product during the Profit Share Time Periods, LESS (b) to the extent not awarded or otherwise received in connection with litigation or settlement, the aggregate amount of any fees, costs or expenses incurred by KUDCO or its Affiliates in connection with (i) such Injunction, (ii) any related litigation and/or (iii) the settlement thereof.
net damages means the amount by which the total damages for bodily injury resulting from an accident exceed the sum of the limits of liability under all applicable bodily injury liability bonds or policies.
net damages means the amount of cash damages awarded to and received by the Company in connection with the pending litigation between the Company, Dental Specialists of Minnesota, P.A., American Dental Partners, Inc. and PDHC, Ltd., excluding (i) amounts awarded and intended to be a return of Company funds or other assets, and (ii) Two Million Five Hundred Thousand Dollars ($2,500,000). Any amount payable to the Initial Investor pursuant to this subsection shall be due and payable within five (5) business days after the Company actually receives, in cash, the Net Damages.