Net Exit Proceeds definition
Net Exit Proceeds means Exit Proceeds less any fees or expenses falling to be deducted by Fund Providers, including but not confined to the Performance Fee;
Net Exit Proceeds means any and all proceeds actually received as a result of such Exit Event by the Licensee (in the case of a sale of assets) or its shareholders (in the case of a sale of shares), less (i) amounts received as equity investments in Licensee between the Effective Date and the date of the Exit Event; and (ii) transaction costs, fees paid to investment bankers, reimbursement of loans, grants or carve out arrangements to employees and consultants
Net Exit Proceeds means that [***] (including, for the avoidance of doubt, [***]) [***].
Examples of Net Exit Proceeds in a sentence
By way of example only: if the Ratio Value of the Targeted Business Activity is 20% of the overall value of the entire business activity which is the subject matter of the Exit Event, then Yissum shall be entitled to receive 1% of 20% of the Exit Net Proceeds, i.e., 0.2% of the Net Exit Proceeds.
By way of example only: if the Ratio Value of the Targeted Business Activity is 20% of the overall value of the entire business activity which is the subject matter of the Exit Event, then BIRAD shall be entitled to receive 1.25% of 20% of the Net Exit Proceeds.