Common use of Chronimed Commitments Clause in Contracts

Chronimed Commitments. Within ten (10) days after the sale of any Shares by Chronimed, Chronimed shall deliver to Orphan a copy of a broker's sale confirmation which evidences the net sales proceeds realized by Chronimed. In the event that the aggregate amounts paid to, or realized by, Chronimed, as determined pursuant to sections 2(a), 2(b)(ii), 2(b)(iii) or 2(c), exceed $2,500,000, Chronimed shall refund such excess amount to Orphan, in cash, within fifteen (15) days after such aggregate amount is first determinable.