Royalty Collateral definition

Royalty Collateral means, with respect to a Debt Asset, (i) future payments receivable by the Borrower on a Product (or Products) in the form of royalty payments or other revenue sharing arrangements; or (ii) future distributions receivable by the Borrower based on royalty payments generated from a Product (or Products); or (iii) both limb (i) and limb (ii).
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Royalty Collateral. ’ means, with respect to a Debt Asset,
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Royalty Collateral means the “Collateral”, as defined in the Royalty Security Agreement.
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Examples of Royalty Collateral in a sentence

  • In the absence of an Event of Default (as defined in Article 8.1, 8.4, 8.5, 8.6 and 8.7 below), Lender agrees that it shall look only to the Collateral, including the proceeds of Royalty Collateral, for repayment of the Obligations and shall not commence any action against, or otherwise seek to collect amounts due hereunder directly from, Borrower.

  • After the Royalty Agreements have been terminated, no Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to, (1) create, incur, assume or permit to exist any lien, security interest, claim or encumbrance on any assets that formerly constituted Royalty Collateral (other than Permitted Liens) or (2) grant any negative pledges on any assets that formerly constituted Royalty Collateral.

  • The Intellectual Property is and will remain free and clear of all liens, claims and encumbrances of any kind whatsoever, except for Permitted Liens described in clauses (b)(i), (e) and (f) of Section 5.7 and any liens of the Trust in the Royalty Collateral.

  • No Loan Party has nor will it enter into any other agreement or financing arrangement (other than the Royalty Agreements) in which a negative pledge in such Loan Party’s Intellectual Property (other than any Royalty Collateral) is granted to any other party.

  • The Borrower is otherwise in material breach of its obligations under this Agreement including a representation, warranty or covenant or the agreements constituting the Royalty Collateral or any agreement with respect to the Royalty Collateral or Lenders right to receive the Royalty Collateral ceases to be in full force and effect.

  • Amend, modify or waive any provision of any Royalty Agreement to modify (i) the scope of the Royalty Collateral or (ii) Sections 5.11(c)(iv) or 6.01 of the Royalty Assignment Agreement.

  • Eating frequency (≤3, 4-5 or 6-10 times/day) measured at baseline and follow-up visits was related to HbA1c and serum lipid levels measured repeatedly over 5 years.Results: Increased eating frequency was associated with larger increases in HbA1c among youth T1D.


More Definitions of Royalty Collateral

Royalty Collateral means, with respect to a Debt Asset, (i) future payments receivable by the Borrower on a Product (or Products) in the form of royalty payments or other revenue sharing arrangements; or (ii) future distributions receivable by the Borrower based on royalty payments generated from a Product (or Products); or (iii) both limb (i) and limb (ii)“Debt” includes loans, notes, bonds and other debt instruments and securities, including convertible debt, and Priority Royalty Tranches.
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Royalty Collateral means, with respect to a Debt Asset, (i) future payments receivable by the Borrower on a Product (or Products) in the form of royalty payments or other revenue sharing arrangements; or
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Related to Royalty Collateral

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.