Net Consideration. Prior to the Managing Party distributing and paying to the Other Parties their Allocable Percentages of Net Consideration, the Managing Party shall deduct from the License Consideration and retain for itself or reimburse the Other Parties the following amounts: first, the Patent Expenses (which shall be distributed to the Parties in proportion to the prior Patent Expenses actually paid by each Party, except in the circumstances described in Section 3.7(c)), second, the Licensing Expenses (not to exceed the cap set forth in Section 5.3 of the IIA, except to the extent that a Licensee is explicitly reimbursing those expenses or paying a license documentation fee or similar fee for that purpose), and third, the Management Fee, if any.
Net Consideration. The "Net Consideration" shall be equal ----------------- to the Aggregate Consideration minus the Key Employee Amount.
Net Consideration. In the event and on each occasion that any Net Consideration is received in cash by or on behalf of the Borrower or any of its Subsidiaries, the Borrower shall, immediately after such Net Consideration is received (and in any event within three (3) Business Days after receipt thereof), prepay the General Partnership Loans in an aggregate amount equal to 100% of such Net Consideration received in cash.
Net Consideration. The Managing Party shall communicate to the Other Parties the Allocable Percentages of Net Consideration calculated after deduction of the following amounts:
Net Consideration. Prior to the Managing Party distributing and paying to the Other Parties their Allocable Percentages of Net Consideration, the Managing Party shall deduct from the License Consideration and retain for itself or reimburse the Other Parties the following amounts:
Net Consideration. The Managing Party shall communicate to the Other Parties the Allocable Percentages of Net Consideration calculated after deduction of the following amounts: first, the Patent Expenses (which shall be distributed to the Parties in proportion to the prior Patent Expenses actually paid by each Party, except in the circumstances described in Section 3.5(d)), second, the Licensing Expenses due to the Managing Party (not to exceed the cap set forth in Section 5.3(b) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses or paying a license documentation fee or similar fee for that purpose) and third, the Management Fee, due to the Managing Party (not to exceed the cap set forth in Section 5.3(c) of the IIA, if any, except to the extent that a Licensee is explicitly reimbursing those expenses).
Net Consideration. To the extent that the Seller has not already paid its then existing bank and other institutional debts and liabilities out of its cash on hand (other than trade payables and employee accruals incurred in the ordinary course of business), the Buyer shall, on the Closing Date, apply a portion of the Consideration payable pursuant to Section 3.1(b) above to the payment of the Seller's outstanding bank and other institutional debts and liabilities described on SCHEDULE 3.2 annexed hereto, so that such debts and liabilities are paid in full.
Net Consideration. To the extent that the Sellers have not already paid their then existing bank or other secured debt out of its cash on hand (other than trade payables and employee accruals incurred in the ordinary course of business), the Buyer shall, on the Closing Date, apply a portion of the Consideration payable pursuant to Section 3.1(b) above to the payment of the Sellers' outstanding bank or other secured debt, so that such debt is paid in full.
Net Consideration. 12.02 SECTION IN DEFINITION WHICH DEFINED ---------- -------------
Net Consideration
