Actual Cash Burn

Actual Cash Burn. Means the amount, if any, by which Sublessee's total operating cash expenses (including, without limitation, up-front license fees and research payments) exceeds its operating cash revenue (including realized gains from short-term and long-term investments but excluding funds received from the sale of assets, other than in the ordinary course of business, and funds received from the sale or issuance of securities of Sublessee).