Sublicense Proceeds

Sublicense Proceeds. Shall mean the actual cash income or other consideration actually received by Licensee or its Affiliates in consideration of any sublicense of the rights under the License, other than any sublicense from Licensee to any Affiliate, and shall not include any amounts received by Licensee or its Affiliates in respect of Net Sales. In the event that Licensee or its Affiliates receives non-monetary consideration for any sublicense of rights as aforesaid, Sublicense Proceeds... shall be based on the Fair Market Value of such consideration. 3 View More