Distribution of Proceeds definition

Distribution of Proceeds. A faculty member who creates a work and retains an intellectual property interest in such work in which the district maintains intellectual-property rights is entitled to share in royalties, licenses, and any other payments from commercialization of the work in accordance with applicable agreements and applicable laws. Any expenses incurred by the district in protecting and promoting the work, including costs incurred in seeking patent or copyright protection and reasonable costs of marketing the work, shall be paid according to the prior agreement of the faculty member and the district. Deleted: D Intellectual Property Account: Proceeds from intellectual property are general income to the district and should be disposed of as directed by the Board of Trustees through the budget-and-expenditure-approval process. Deleted: D Deleted: § Deleted: 5 Deleted: §§ Deleted: D Deleted: D Profits from Required Course Materials: Faculty members should be aware that the Education Code and the California Code of Regulations provide that when students are required to provide or purchase instructional and other materials, such materials must be of a continuing value to the student outside of the classroom setting and should not be solely or exclusively available within the district. This would include course textbooks, packs, software, and other instructional materials (Education Code section 76365 and California Code of Regulations, Title 5, section 59400, et seq.). In addition, profiting by the instructor- of-record from sales of required course materials may also be in violation of district’s policy and institutional code of ethics, which requires that faculty members avoid conflict of interests between their contractual obligations to the district and private business or personal commitments, including soliciting and selling services or products during the Deleted: 5 Deleted: 18 (UPDATED MAY 2016) DISTRICT/FACULTY ASSEMBLY DRAFT AGREEMENT JULY 2018-JUNE 2021 Deleted: D Deleted: instructor Deleted: he or she is Deleted: instructor course of their regular work at the college (Administrative Procedure 3050). In accordance with district policy, no faculty member will profit from the purchase of required or suggested materials for courses for which they are the instructor-of-record. Materials authored by the instructor of record will be provided at cost, or the faculty member will be responsible for demonstrating to the Vice President, Instructional Services, that profits ...
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Examples of Distribution of Proceeds in a sentence

  • Doujak xxxxxx@xxxxxxxxx.xxx Reason: I am approving this document Date: 2007.07.20 16:27:02 +02'00' Xxxxxxx Xxxxxxxxx Xxxxx Digitally signed by Xxxxxxx Xxxxxxxxx Xxxxx DN: cn=Xxxxxxx Xxxxxxxxx Xxxxx, c=CH, o=SwissSign AG, email=xxxxxxx.raemy@swisssign.

  • Distribution of Proceeds – An employee who creates a work and retains an intellectual property interest in such work in which the District maintains intellectual property rights is entitled to share in royalties, licenses, and any other payments from commercialization of the work in accordance with applicable agreements and applicable laws.

  • Actions by Collateral Agent 11 Section 4.1. Duties and Obligations 11 Section 4.2. Voting; Amendments to Transaction Agreements 12 Section 4.3. Actions Pertaining to the Collateral 12 Section 4.4. Duty of Care 12 Section 4.5. Further Assurances 13 Section 4.6. Distribution of Proceeds of Collateral 13 Section 4.7. Deposit Accounts 13 Section 4.8. Restoration of Obligations 13 Section 4.9. Privileged Materials 13 Section 4.10.

  • Section 3.3 Distribution of Proceeds from Additional Borrowings by OLP to MLP.

  • Distribution of Proceeds In the event that AAFC generates or receives proceeds derived from the Commercialization of Foreground Intellectual Property conceived, developed, discovered or uncovered in the conduct of research under this Agreement, the net proceeds shall be distributed between AAFC and the Sponsor in the proportion that AAFC and the Research Participant contributed to that Foreground Intellectual Property.

  • Every member of the Labor Party complained about how the Xxxx Group Companies (Finalisation of Matters and Distribution of Proceeds) Xxxx 2015 extinguished rights, how it was disrespectful to the dispute resolution system and how it affected the rights of litigation speculators.

  • The Lenders agree that until payment in full of all Financial Obligations owed to all Lenders, the Lenders shall be entitled to receive and shall be paid Guarantor Payments and all payments, distributions, collections or recoveries and all other matters relating to the Collateral hereunder and under each of the Security Documents other than the Cash Collateralized Letters of Credit as provided in Section 3.2. Distribution of Proceeds.

  • Those remarks were made by Xxx Xxxx Xxxxx on 15 September 2015 when speaking on behalf of the then opposition on the Xxxx Group Companies (Finalisation of Matters and Distribution of Proceeds) Xxxx 2015.

  • Actions by Collateral Agent 10 Section 4.1. Duties and Obligations 10 Section 4.2. Voting; Amendments to Transaction Agreements 10 Section 4.3. Actions Pertaining to the Collateral 10 Section 4.4. Duty of Care 11 Section 4.5. Further Assurances 11 Section 4.6. Distribution of Proceeds of Collateral 11 Section 4.7. Deposit Accounts 11 Section 4.8. Restoration of Obligations 12 Section 4.9. Privileged Materials 12 Section 4.10.

  • Section 4.1. Duties and Obligations Section 4.2. Voting; Amendments to Transaction Agreements Section 4.3. Actions Pertaining to the Collateral Section 4.4. Duty of Care Section 4.5. Further Assurances Section 4.6. Distribution of Proceeds of Collateral Section 4.7. Deposit Accounts Section 4.8. Restoration of Obligations Section 4.9.

Related to Distribution of Proceeds

  • Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

  • Cash Distributions means dividends, interest and other distributions and payments (including proceeds of liquidation, sale or other disposition) made or received in cash upon or with respect to any Collateral.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Realized Losses means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Distributable Funds with respect to any month or other period, as applicable, shall mean an amount equal to the Cash Flow of the Company for such month or other period, as applicable, as reduced by reserves for anticipated capital expenditures, future working capital needs and operating expenses, contingent obligations and other purposes of the Company or any Subsidiary, the amounts of which shall be reasonably determined from time to time by the Management Committee.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Distribution Amount means the principal amount of $42,500,000 for each of the COP Swap Counterparties, plus interest, on and after October 15, 2014, on the unpaid Net Amount at the rate applicable to obligations under the Postpetition Financing Agreement, payable in cash in the manner set forth in the COP Swap Settlement Agreement.

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • REMIC II Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the REMIC II Regular Interests; and

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority:

  • Distributable Cash means all cash, revenues and funds received by the Company from Company operations, less the sum of the following to the extent paid or set aside by the Company: (i) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (ii) all cash expenditures incurred incident to the normal operation of the Company’s business; (iii) such Reserves as the Managers deem reasonably necessary to the proper operation of the Company’s business.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.