Net Settlement Amounts definition

Net Settlement Amounts means Gross Amounts paid to or received by ParkerVision in connection with Settlements (“Gross Settlement Amounts”), less (i) with respect to Settlements occurring before a Final District Court Decision (defined below), any costs and fees, including Direct Licensing Costs, outside legal fees, including contingency fees (up to a maximum of [*] of the Gross Settlement Amount), paid or owed by ParkerVision to any other person or entity necessarily incurred as part of the litigation, or (ii) with respect to Settlements occurring after a Final District Court Decision, the amount of the Final District Court Decision award (“Award Amount”), including past damages, interest, the value of compulsory royalties (calculated in accordance with Section 5(e)), litigation costs and expenses incurred after the Final District Court Decision, including any legal contingency fees, paid or owed on the amount by which the Gross Settlement Amount exceeds the Award Amount. For the sake of clarity, in the event that the Net Settlement Amount from a Settlement is less than the Award Amount, there shall be no Settlement Success Fee payable to 3LP with respect to that Settlement. For the sake of clarity, in calculating the Net Settlement Amounts, Direct Licensing Costs shall only be deducted from the Gross Settlement Amounts to the extent that Direct Licensing Costs have not been previously deducted from Net Licensing Revenues in calculating 3LP Licensing Success Fees in accordance with Section 5(a). Any Direct Licensing Costs deducted from the Net Settlement Amounts pursuant to this Section 5(c) shall be excluded from Direct Licensing Costs for purposes of Section 5(a). Also, if a Settlement pursuant to this Section 5(c) includes a patent license, the portion of the Success Fee payable to 3LP in respect of such license shall be calculated in accordance with this Section 5(c) and not Section 5(a) hereof.
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Examples of Net Settlement Amounts in a sentence

  • These calculations include, but are not limited to, determinations of the Stock Price, the Last Reported Sale Prices of the Common Stock, the Trading Price of the Notes (for purposes of determining whether the Notes are convertible as described herein), the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, accrued interest payable on the Notes and the Conversion Rate of the Notes.

  • These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Trading Price of the Notes (for purposes of determining whether the Notes are convertible as described in Section 14.01(b)(i)), the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, accrued interest (including Additional Interest) payable on the Notes and the Conversion Rate of the Notes.

  • The respective Parties will have the same rights and remedies related to the calculation and dispute of the resulting Net Settlement Amount(s) owed with respect to the termination and liquidation of the Affected Transactions as those set forth in Section 5.

  • Promptly after such determination of the Daily Settlement Amounts, the Daily Net Settlement Amounts, the Daily Conversion Values and the amount of cash payable in lieu of delivering any fractional share of Common Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts, the Daily Net Settlement Amounts, the Daily Conversion Values and the amount of cash payable in lieu of delivering fractional shares of Common Stock.

  • Promptly after such determination of the Daily Settlement Amounts, Daily Net Settlement Amounts or the Daily Conversion Values, as the case may be, and the amount of cash payable in lieu of delivering any fractional share of Common Stock, the Company shall notify the Trustee and the Conversion Agent (if other than the Trustee) of the Daily Settlement Amounts, the Daily Net Settlement Amounts, the Daily Conversion Values and the amount of cash payable in lieu of delivering fractional shares of Common Stock.

  • These calculations include, but are not limited to, determinations of the Stock Price, the Last Reported Sale Prices of the Common Stock, the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, any accrued interest payable on the Notes and the Conversion Rate of the Notes.

  • These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the Stock Price, the Trading Price, the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, accrued interest on the Notes, any Additional Interest payable on the Notes and the Conversion Rate of the Notes.

  • These calculations include, but are not limited to, determinations of the Last Reported Sale Prices of the Common Stock, the trading price of the Notes (for purposes of determining whether the Notes are convertible as described herein), the Daily VWAPs, the Daily Conversion Values, the Daily Net Settlement Amounts, the Daily Settlement Amounts, accrued interest payable on the Notes and the Conversion Rate of the Notes.

  • All Excess Loss Payments and related amortization payments will be included in the relevant Net Settlement Amounts following each determination.

  • These calculations include, but are not limited to, determinations of the Stock Price, the Last Reported Sale Prices of the Common Stock, the Trading Prices, the Daily VWAPs, the Daily Conversion Values, the Redemption Price, the Conversion Price, the Daily Settlement Amounts, the Daily Net Settlement Amounts, any accrued Special Interest payable on the Notes, and the Conversion Rate of the Notes, including adjustment to the Conversion Price and Conversion Rate.

Related to Net Settlement Amounts

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • Gross Settlement Amount means $950,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), inclusive of any of The Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.