Common use of Initial Payment Period Clause in Contracts

Initial Payment Period. For the period from January 1, 2009 to December 31, 2009 (the “Initial Payment Period”), ▇▇▇▇▇▇ shall pay Keyboards and Networks, collectively, an aggregate amount equal to (i) Nine Hundred and Eighty-Six Thousand Dollars ($986,000) less (ii) the amount of any payments that ▇▇▇▇▇▇ makes to Keyboards or Networks prior to the Effective Time under or in connection the 1994 Settlement Agreement with respect to the period of January 1, 2009 to December 31, 2009 (the “Initial Payment”).

Appears in 2 contracts

Sources: Limited Guarantee (SCM Microsystems Inc), Settlement Agreement (SCM Microsystems Inc)