Royalty Financing definition

Royalty Financing means any sale of future revenues or synthetic royalty or other financing based on future revenues derived from, and other proceeds arising out of, any product marketed or sold by the Company and its Subsidiaries.

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Royalty Financing means a financing agreement or arrangement where a purchase price is made and includes an arrangement of a similar nature;.

Royalty Financing means the financing transactions to be completed by the Company in accordance with the Royalty Agreement, pursuant to which, among other things, the Company will receive gross proceeds of approximately US$11.0 million in exchange for a royalty in respect of sales of SuperFlake® graphite concentrate from the Molo Graphite Mine.

Examples of Royalty Financing in a sentence

The Agent shall have received satisfactory evidence that the “Closing Date” under the RTW Royalty Financing Agreement shall have occurred, resulting in gross proceeds to the Parent (which shall be contributed to the Borrower) in an amount not less than $40,000,000.
The Borrower or any Subsidiary enters into a Non-Permitted License or a Non-Permitted Royalty Financing.
The capital and ownership structure of the Borrower on the Closing Date, on a pro forma basis after giving effect to the transactions contemplated by the Loan Documents and the Royalty Financing Documents, shall be reasonably satisfactory to the Administrative Agent.
The Agent shall have received fully executed copies of the RTW Royalty Financing Agreement and all transaction documents related thereto, which shall be in form and substance satisfactory to the Agent.
Royalty Financing Documents shall have been executed and delivered and the transactions thereunder fully consummated substantially concurrently with the execution and delivery of this Agreement.
The transactions contemplated by the 2021 RP Royalty Financing Documents and the Omers Royalty Financing Documents have been or concurrently with the effectiveness of Amendment No. 1 will be consummated in all material respects pursuant to the provisions of the 2021 RP Royalty Financing Documents and the Omers Royalty Financing Documents, respectively, true and complete copies of which have been delivered to Administrative Agent, and in all material respects in compliance with all applicable Law.
In connection with the incurrence of any Permitted Royalty Financing by the Seller, the Seller shall not permit the applicable Third Parties under such Royalty Financing, or any agent, representative or trustee acting on behalf of such Third Parties, to enter into any collateral assignment or similar arrangement in each case directly with a Licensee without first providing the same rights to the Buyer.
As of the Closing Date, except as set forth on Schedule 6.32, neither the Borrower, nor any of its Subsidiaries, is obligated to pay any royalty, milestone payment, deferred payment or any other contingent payment in respect of any Key Product (except pursuant to the Royalty Financing).
Subordinated Debt; Permitted Convertible Indebtedness; Permitted Royalty Financing Documents ......................................................................................................................................
The transactions contemplated by the 2020 RP Royalty Financing Documents have been or concurrently with the Term A Borrowing will be consummated in all material respects pursuant to the provisions of the 2020 RP Royalty Financing Documents, true and complete copies of which have been delivered to Administrative Agent, and in all material respects in compliance with all applicable Law.

More Definitions of Royalty Financing

Royalty Financing has the meaning set forth in the Preamble of this Agreement.

Royalty Financing means any financing, sale, or borrowing of or against royalties, receivables, or other payments related to any products of the Seller, its Affiliates, or their Licensees.

Royalty Financing means the issuance of fifty thousand (50,000) bonds (obligations) for an aggregate nominal amount of up to two million five hundred thousand US Dollars ($2,500,000) and an aggregate subscription price of up to seventy one million US Dollars ($71,000,000) which shall be subscribed by the Subscribers (as defined in the Consent and Amendment Letter 2025) and supported by all of the Company’s right, title and interest in and to the Receivables (as defined in the Support Agreement (as defined in the Consent and Amendment Letter 2025)).

Royalty Financing means that certain true sale of the Revenue Participation Right to Drug Royalty III LP 2 on the Closing Date pursuant to the terms of the Royalty Financing Agreement.

Royalty Financing means, subject to the Royalty Financing Restrictions, that certain true sale of the Revenue Participation Right to RPI 2019 Intermediate Finance Trust, a Delaware statutory trust, on the Term A Borrowing Date pursuant to the terms of the Royalty Financing Agreement.

Royalty Financing means any sale, transfer, assignment or monetization for cash of all or any portion of Issuer’s right, title and interest in and to milestone payments, license payments, royalty payments or other similar payments under Permitted Licenses with respect to the PS Product (including under the Viatris License) payable to Issuer or any of its Subsidiaries, including royalty payments, milestone payments and other license income (collectively, the “PS Product Revenue”); provided that any Royalty Financing shall only be permitted upon the occurrence of the Milestone Event; provided, further, that no Royalty Financing shall have or provide for any Lien on any asset of Issuer or any of its Subsidiaries, except for, subject to a customary intercreditor agreement in form and substance satisfactory to Purchaser Agent in its sole and absolute discretion, a grant by Issuer of a backup security interest in the PS Product Revenue upon any recharacterization of the sale contemplated thereby.