Common use of Minimum Sales Clause in Contracts

Minimum Sales. 10.1 As set forth in Appendix F, Westinghouse, upon written notice to Licensee, may elect to amend the definition of Territory to delete therefrom any of the listed jurisdictions should the NIP of Products sold not exceed the respective minimums indicated in Appendix F for the fiscal year, as adjusted by the Adjustment Factor (defined in Subsection 4.4). From and after such deletion from the definition of Territory, Licensee’s license under this Agreement for those jurisdictions shall be terminated.

Appears in 2 contracts

Sources: License Agreement (CBD Energy LTD), License Agreement (CBD Energy LTD)

Minimum Sales. 10.1 As set forth in Appendix FBeginning January 1, 2014, Westinghouse, upon written notice to Licensee, may elect to amend the definition of Territory to delete therefrom any of the listed jurisdictions should the NIP of Products sold in such jurisdictions not exceed the respective minimums indicated in Appendix F D for the fiscal preceding calendar year, as adjusted by the Adjustment Factor (defined in Subsection Section 4.4). From and after such deletion from the definition of Territory, Licensee’s license under this Agreement for those jurisdictions shall be terminated.

Appears in 1 contract

Sources: License Agreement (Akeena Solar, Inc.)