Net Payments means an amount equal, at any time and from time to ------------- time and for each respective Subsidiary Guarantor, to the difference of (i) the sum of all payments made previous to or at the time of calculation by such Subsidiary Guarantor in respect of the Liabilities, as a Subsidiary Guarantor, and in respect of its obligations contained in this Guaranty Agreement, less (ii) the sum of all such payments previously returned to such Subsidiary Guarantor by operation of law or otherwise and including payments received by such Subsidiary Guarantor by way of its rights of subrogation and contribution under Section 2.9 of any other Guaranty Agreements.
Net Payments means an amount equal, at any time and from time to time and for each respective Guarantor, to the difference of (i) the sum of all payments made previous to or at the time of calculation by such Guarantor in respect of the Obligations and in respect of its obligations contained in this Agreement, less (ii) the sum of all such payments previously returned to such Guarantor by operation of law or otherwise and including payments received by such Guarantor by way of its rights of subrogation and contribution hereunder.
Net Payments means direct payments—
Examples of Net Payments in a sentence
Table 1 - Medicaid Administrative Claiming Net Payments School Health Services Program Provider School Health Services Program Provider *Not available (N/A) indicates that a provider did not participate in the School Health Services Program at this time.
More Definitions of Net Payments
Net Payments. As to any Distribution Date and Loan Group or Subgroup, the sum of the Net Principal Payment Amount and the Net Principal Prepayment Amount for such Distribution Date and Loan Group or Subgroup.
Net Payments. Section 2(c)(ii) of this Agreement will apply.
Net Payments means upfront and milestone payments received by Notch or its Affiliates from any Third Party to the extent in consideration for a grant of rights (whether through an out-license, partnership, sale, or other transaction) to develop or commercialize any RIT Product. Net Payments exclude (a) royalties or any profit share or other revenue sharing on the sale or distribution of any RIT Product (provided royalties are paid to Allogene on such RIT Product), (b) any payment (i) for the purpose of funding the costs of bona fide development or reimbursing the costs of bona fide commercialization of any RIT Product or (ii) for purchase of goods or services by a Third Party from Notch or its Affiliates at fair market value, (c) any reimbursement of patent prosecution or enforcement expenses, or (d) any purchase price for Notch’s or any of its Affiliates’ stock or other securities to the extent not in excess of the fair market value of such stock or other securities. Where rights to one or more products other than an RIT Product are granted to the applicable Third Party in addition to rights to the RIT Product(s), Notch and Allogene shall agree to an equitable apportionment of the amounts paid to Notch or any of its Affiliates between, as applicable, the rights attributable to the RIT Product(s) and the rights attributable to the other product(s) based on a valuation model that takes into account, among other things, stage of development, market potential, potential market share, and competitive products that are approved or under development. The portion of such amounts paid to Notch that allocated to the RIT Product(s) will be the Net Payments for such agreement.
Net Payments. All Upfront Payments and Milestone Payments made by Astellas to FibroGen set forth herein are net amounts and shall be made free and clear of, and without any reduction for, withholding taxes or similar deductions, except as may be required under applicable law. In the event Astellas is required to withhold taxes or make [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. similar deductions from any Upfront Payments to FibroGen hereunder, Astellas shall [ * ] such payment to FibroGen by [ * ] so that after such withholding or deduction is made, FibroGen will have received [ * ]; provided, however, that with respect to both Upfront Payments and Milestone Payments (a) in the event that a change in applicable tax laws after the Effective Date requires that such a withholding or deduction be made (despite efforts to minimize them consistent with applicable law as provided below) that would not have been required prior to such change in law, the parties shall [ * ] the cost of such withholding or deduction (so that the amount of increase in payment above shall [ * ] of the applicable withholding or deduction), and (b) should FibroGen be able, within the maximum period allowable by applicable law, to utilize as a tax credit or tax deduction any amounts withheld or deducted by Astellas as provided above, FibroGen shall promptly notify Astellas of the amount of such tax credit or other tax benefit within [ * ] after such amount can first be calculated and, at the time of such notice, refund the amount of such credit (or amount of tax saved with respect to such deduction) to Astellas to the extent any payment to be made hereunder is increased on account of and up to the amount of such withholding or deduction. For the avoidance of doubt, Astellas shall not be required to increase or make additional payments to FibroGen in the event withholding or deduction is required with respect to any royalty or transfer payments to FibroGen hereunder (and to the extent so required Astellas may deduct or withhold from such payments thereby reducing the amount paid to FibroGen). The parties shall reasonably cooperate and take such reasonable actions (solely to the extent consistent with applicable law), including by executing such documents, providing such information and changing the method of payme...
Net Payments means, with respect to an Interest Rate Swap, the amount payable by the Board on each scheduled payment date under such Interest Rate Swap net of the amount payable by the Counterparty under such Interest Rate Swap on such scheduled payment date, provided, however, Net Payments shall not include Termination Payments.
Net Payments means all collections and proceeds on Accounts received by Buyer from any source, less any costs and fees of collection or sales, disgoregments and amounts equal to the cost of funds to Buyer and its Affiliates in financing the Purchase Price To the extent that Buyer pays a brokerage fee in excess of 10% for the sale of accounts, said excess shall not be counted against the above Net Payment calculation.
Net Payments. All payments due Valley Springs shall not be reduced by any taxes, whether sales, use, ad valorum or otherwise, fees or other obligations, including royalties to third parties (all of which shall be the obligation of Hi-Tech), other than the payment by Valley Springs' members of income tax, which shall be paid by Valley Springs' members.