Examples of Net Consideration in a sentence
Each Party will be solely responsible for calculating and distributing to its respective inventors their share of Net Consideration or equity allocated to it under Section 3.7(a) in accordance with the Party’s own policy.
In connection with the Liquidation Event, any Net Consideration shall be distributed pro-rata between the shareholders.
The Institutions expect to share net consideration under the Definitive IIA in proportion to each Institution’s Share of Net Consideration set forth in the table above.
Lead Institution will calculate the allocation of License Consideration in accordance with the terms of this Agreement and furnish to the Other Institution(s) a written report of receipts and calculations and deliver the Net Consideration due to the Other Institution(s), if any, with the report.
All such expenses incurred by a Party will be deemed to be Patent Expenses for purposes of reimbursement out of Net Consideration under Section 5.3, but shall not be subject to sharing and reimbursement under Section 3.7(b).