Utilized IP Payment definition
Utilized IP Payment means the sum of (a) the aggregate amount of all cash payments or transfers made by a Credit Party to a Foreign Subsidiary (whether in the form of intercompany loans or payment of purchase price) in connection with IP Consolidation Transactions during the term of this Agreement, minus (b) the aggregate amount of all cash payments or transfers returned or paid by a Foreign Subsidiary to the applicable Credit Party within 60 days of receipt by such Foreign Subsidiary of such amounts in connection with an IP Consolidation Transaction, so long as evidence of such receipt and any other information related to such payments or transfers as requested by the Agent have been provided to the Agent, all in form and substance reasonably satisfactory to the Agent, which may include, without limitation, evidence of a wire transfer and advance notice from such Credit Party of anticipated date of such receipt.