Common use of Negative Balances Clause in Contracts

Negative Balances. NO Negative Balances carryover only applies on pre-agreed cooperation models between the affiliate manager and the affiliate partner and is examined on a case to case basis. In case this applies when the Net Revenue in respect of any calendar month is a negative figure, such figure shall not be carried forward to any following calendar month and for the avoidance of doubt shall not be offset against the Net Revenue for any following calendar month (or part thereof). Total Net Revenue will be calculated on a cumulative basis between all products resulting in the total Net Revenue derived from the sum of both positive and or negative Net Revenue from each product for any calendar month (or part thereof).

Negative Balances. NO Negative Balances carryover only applies on pre-agreed cooperation models between the affiliate manager and the affiliate partner and is examined on a case to case-to- case basis. In case this applies when the Net Revenue in respect of any calendar month is a negative figure, such figure shall not be carried forward to any following calendar month and for the avoidance of doubt shall not be offset against the Net Revenue for any following calendar month (or part thereof). Total Net Revenue will be calculated on a cumulative basis between all products resulting in the total Net Revenue derived from the sum of both positive and or negative Net Revenue from each product for any calendar month (or part thereof).