Sublicense Income

Sublicense Income. Any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

Sublicense Income. Any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, milestone payments, and license maintenance fees, but excluding royalties

Sublicense Income. Any payments that COMPANY or an AFHLIATE receives from a SUBLICENSEE in consideration of the sublicense of the rights granted COMPANY and AFFILIATES under Section 2.1, including without limitation license fees, milestone payments, license maintenance fees, and other payments, but specifically excluding (i) royalties on NET SALES, (ii) RESEARCH SUPPORT PAYMENTS, and (iii) payments made as consideration for debt or equity securities (excluding amounts in excess of the FAIR MARKET VALUE of such... securities). View More

Sublicense Income. The Term "Sublicense Income" shall mean all considerations received by Sorrento from Sublicensees attributable to the grant of Sublicenses under this Agreement, including without limitation cash income and other consideration received for or as a direct consequence of any sublicensing or co-marketing or co-promotion arrangement; all provided, however, that Sublicense Income shall not include Net Sales. To avoid any doubt, it is clarified that in calculating the amount of Sublicense Income, no... deduction shall be made from the gross amounts invoiced by Sorrento, in respect of any tax based upon the income of Sorrento, whether paid by Sorrento or withheld by the Sublicensee at source. View More

Sublicense Income. Any consideration COMPANY or AFFILIATES receive from (1) SUBLICENSEES in consideration of the sublicense of rights granted herein or (2) CORPORATE PARTNERS in consideration of any of the rights described in Section 1.2, including without limitation, license fees, milestone payments, license maintenance fees, royalties and other payments. If COMPANY or AFFILIATES receive from third parties consideration for a sublicense of rights granted herein that is combined with a license or sublicense of... rights to a therapeutic product for which the rights granted herein are or may provide a basis for a companion diagnostic, only the portion of the consideration received from the third parties that is reasonably attributable to the sublicense of rights granted herein shall be considered SUBLICENSE INCOME. In determining such allocation, the parties shall negotiate in good faith the relative values of the rights granted herein and the therapeutic product rights granted with such diagnostic rights. View More

Sublicense Income. Upfront license fees and milestone payments but not including royalties received by Company or any of its Affiliates from a Sublicensee specifically for the grant of a license or sublicense to a Program Invention or to develop or commercialize a Product (or if rights in addition to a license or sublicense to a Program Invention or to develop or commercialize a Product are granted to such Sublicensee, then a portion of such payments reasonably allocated to the grant of rights with respect to... such Program Invention or Product), but specifically not including amounts received as the purchase price for debt or equity securities or as reimbursement for the actual costs of research, development or commercialization activities View More

Sublicense Income. The cash and other consideration (other than simple running royalties on sales, leases or other dispositions of Licensed Products) attributable to granting a sublicense pursuant to section 3.1.2.

Sublicense Income. Means all consideration received by Sublicensee from a sublicense in consideration of a sublicense of the Licensed Subject Matter, including, but not limited to, up-front payments, marketing, distribution, franchise, option, license, bonus and milestone payments and equity securities. However, Sublicense Income specifically excludes: payments received by Sublicensee from a sublicense as a result of purchase or sale of debt or equity securities of Sublicensee by such sublicensee, and (ii)... payments for research and development of Licensed Products; and (iii) any royalties that Sublicensee receives for the sublicensee's sale of Licensed Products. View More

Sublicense Income. Any payments that COMPANY, an AFFILIATE, or the stockholders of such COMPANY or AFFILIATE, receive from a SUBLICENSEE as consideration for a SUBLICENSE of the PATENT RIGHTS granted to COMPANY and AFFILIATES under Section 2.1 of this Agreement with respect to the research, development, manufacture, marketing, distribution, use and/or sale of a LICENSED PRODUCT and/or LICENSED PROCESSES, including without limitation initial payments, closing payments, license fees, milestone payments (net of any... amount due to M.I.T. under Section 4.1(c) for a substantially identical milestone event), license maintenance fees, option exercise payments and other payments, regardless of how such payments are defined, but specifically excluding (i) royalties on NET SALES, (ii) RESEARCH SUPPORT PAYMENTS, (iii) payments received and applied to any out-of-pocket expenses related to the filing, prosecution, protection, defense, enforcement and maintenance of patents and patent applications and (iv) payments made as consideration for the issuance of equity or debt securities of COMPANY or AFFILAITES at fair market value (excluding amounts in excess of the fair market value of such securities). View More

Sublicense Income. Means any consideration Isis receives from a Sublicensee in consideration for the grant of any Sublicense, including, but not limited to, license fees, up-front payments, and license maintenance fees, but excluding: (i) royalties or profit-sharing payments based on commercial sales of the Licensed Product, (ii) payments made in consideration of equity or debt securities of Isis at fair market value, (iii) payments specifically committed to reimburse Isis for the cost of research and/or... development of Licensed Products, (iv) payments dedicated to reimburse IP/Patent expenses, and (v) payments made to Isis that Isis forwards to a Third Party to which Isis owes a financial obligation (such as a milestone payment to a Third Party licensor applicable to a Licensed Product). View More