Commission Payment. In those cases in which DISTRIBUTOR is entitled to a Commission, Commissions shall be deemed earned at such time as all of the following conditions precedent are met: (i) delivery of the Product to the Customer, (ii) acceptance of the Product by the Customer and (iii) receipt of payment of the price by GCT. Commissions will be due and payable to DISTRIBUTOR, less appropriate deductions, within the end of the next month after the end of the month in which the Commissions are deemed earned.
Appears in 4 contracts
Samples: International Distribution Agreement (GCT Semiconductor Inc), International Distribution Agreement (GCT Semiconductor Inc), International Distribution Agreement (GCT Semiconductor Inc)
