Common use of Graffiti 2 Software Clause in Contracts

Graffiti 2 Software. For Graffiti 2 Software distributed as a Stand-alone Product, Licensee shall pay to PSI a non-refundable royalty in an amount equal to [**] Graffiti 2 Software distributed to Graffiti Customers[**]. Licensee shall pay a [**] royalty as set forth above [**]. For purposes of royalty payments for the Graffiti 2 Software only, Licensee shall not be required to remit royalties under the Agreement until the amount of accrued but unpaid royalties exceeds [**], at which time all accrued royalties for Graffiti 2 Software shall be paid along with the other royalty payments for the respective quarter.