Modification to Revenue Stream Sample Clauses

Modification to Revenue Stream. From and after the Amendment Effective Date, all proceeds to the Company of a sale or license, whether exclusive or non-exclusive, of all or a portion of the Patents or any other transaction that gives rise to Monetization Revenues (each a “Realization Event”) shall be deposited in the Cash Collateral Account, which shall be under the full and exclusive control of the Collateral Agent as described in Section 6.11 of the Existing Agreement, or, if directed by the Collateral Agent, paid over directly to the Collateral Agent or to such other account as is designated by the Collateral Agent, and all such proceeds shall be applied as follows: i) First, to pay third party expenses that arise in connection with, or are due upon the occurrence of, such Realization Event that are either (x) incurred by the Company at the direction of the Collateral Agent, (y) incurred by the Collateral Agent or (z) constitute broker fees and other amounts that are due on account of the existing arrangements described on Schedule 2.2(i) (the payees under such arrangements, “Service Providers”). ii) Second, solely to the extent such Realization Event is attributable to the Nokia Portfolio, up to $2,200,000 to pay outstanding principal amounts due under the Nokia PPA (the “Nokia Debt”) until the Nokia Debt is paid in full (excluding, for the avoidance of doubt, any accrued interest or other charges on the Nokia Debt, which shall be the sole responsibility of the Company and shall not be paid with Monetization Revenues). iii) Third, solely to the extent the applicable Realization Event triggers a payment with respect to a retained interest of a Prior Owner due under the Panasonic PPA or Huawei PRAA that is described on Schedule 2.2(iii) (a “Retained Interest”), to such Prior Owner in amounts so required. iv) Fourth, to the Investors until the Note Obligations have been paid in full; v) Fifth, to the Investors until they have received an amount equal to the sum of (x) 100% of any Cash Advances plus (y) 20% interest, compounded annually, on any Cash Advances that are outstanding from time to time plus (z) the difference between (i) $30.5 million minus (ii) any amounts applied to the Note Obligations after the Amendment Effective Date (the amounts described in this clause (v), the “Priority Amount”). vi) Lastly, 70% to the Investors and 30% to the Company (the Investors’ right to such 70%, the “Contingent Right” and the Company’s right to such 30%, the “Company Residual”); provided, that ...
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Related to Modification to Revenue Stream

  • ADDITION, DELETION OR MODIFICATION OF FUNDS The Parties hereto may agree, from time to time, to add other Funds to provide additional funding media for the Contracts, or to delete, combine, or modify existing Funds, by amending Schedule A hereto. Upon such amendment to Schedule A, any applicable reference to a Fund, AVIF, or its Shares herein shall include a reference to any such additional Fund. Schedule A, as amended from time to time, is incorporated herein by reference and is a part hereof.

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  • Amendment to Schedule The Assignor authorizes the Agent to modify --------------------- this Trademark Agreement and the Assignment of Marks, without the necessity of the Assignor's further approval or signature, by amending Exhibit A attached ------- - hereto and the Annex to the Assignment of Marks to include any future or other ----- Trademarks, Trademark Registrations or Trademark Rights under (S)(S)2 or 6 hereof.

  • Modification to Article V, Section 4 of the DPA Article V, Section 4 of the DPA (Data Breach.) is amended with the following additions: (6) For purposes of defining an unauthorized disclosure or security breach, this definition specifically includes meanings assigned by Texas law, including applicable provisions in the Texas Education Code and Texas Business and Commerce Code.