Common use of Net Revenue Share for Procedure Kits Clause in Contracts

Net Revenue Share for Procedure Kits. The Parties agree to share Net Revenue generated by LifeCell pursuant to the distribution rights under this Agreement attributable to sales of Procedure Kits in the Territory as specified in Exhibit A. LifeCell are free to establish prices for the sale of Procedure Kits to Customers and is responsible for invoicing and collecting payment from Customers for the same. At the end of each calendar quarter after the Effective Date, the Parties shall true-up payments on a per Procedure Kit basis (and not on an aggregated basis) for the previous calendar quarter, based on the quarterly reports specified in Section 9.1 and in accordance with the revenue sharing terms for the applicable mode of sale as set forth in Exhibit A. Undisputed true-up payments (including, for clarity, all undisputed portions of any calculated quarterly true-up) shall be made within forty-five (45) days after the end of the relevant calendar quarter. Either Party may request that the Parties discuss changes to the sharing of Net Revenue generated from sales of Procedure Kits. Any and all adjustments to the sharing of Net Revenue shall take effect upon mutual agreement of the Parties in writing.

Net Revenue Share for Procedure Kits. The Parties agree to share Net Revenue generated by LifeCell MR pursuant to the distribution rights under this Agreement attributable to sales of Procedure Kits in the Territory as specified in Exhibit A. LifeCell MR are free to establish prices for the sale of Procedure Kits to Customers and is are responsible for invoicing and collecting payment from Customers for the same. At the end of each calendar quarter after the Effective Date, the Parties shall true-up payments on a per Procedure Kit basis (and not on an aggregated basis) for the previous calendar quarter, based on the quarterly reports specified in Section 9.1 and in accordance with the revenue sharing terms for the applicable mode of sale as set forth in Exhibit A. Undisputed true-up payments (including, for clarity, all undisputed portions of any calculated quarterly true-up) shall be made within forty-five (45) days after the end of the relevant calendar quarter. Either Party may request that the Parties discuss changes to the sharing of Net Revenue generated from sales of Procedure Kits. Any and all adjustments to the sharing of Net Revenue shall take effect upon mutual agreement of the Parties in writing.

Net Revenue Share for Procedure Kits. The Parties agree to share Net Revenue generated by LifeCell KCI US pursuant to the distribution rights under this Agreement attributable to sales of Procedure Kits in the Territory as specified in Exhibit A. LifeCell are KCI US is free to establish prices for the sale of Procedure Kits to Customers and is responsible for invoicing and collecting payment from Customers for the same. At the end of each calendar quarter after the Effective Date, the Parties shall true-up payments on a per Procedure Kit basis (and not on an aggregated basis) for the previous calendar quarter, based on the quarterly reports specified in Section 9.1 and in accordance with the revenue sharing terms for the applicable mode of sale as set forth in to be agreed to pursuant to Exhibit A. Undisputed true-up payments (including, for clarity, all undisputed portions of any calculated quarterly true-up) shall be made within forty-five (45) days after the end of the relevant calendar quarter. Either Party may request that the Parties discuss changes to the sharing of Net Revenue generated from sales of Procedure Kits. Any and all adjustments to the sharing of Net Revenue shall take effect upon mutual agreement of the Parties in writing.

Net Revenue Share for Procedure Kits. The Parties agree to share Net Revenue generated by LifeCell KCI MR pursuant to the distribution rights under this Agreement attributable to sales of Procedure Kits in the Territory as specified in Exhibit A. LifeCell are KCI MR is free to establish prices for the sale of Procedure Kits to Customers and is are responsible for invoicing and collecting payment from Customers for the same. At the end of each calendar quarter after the Effective Date, the Parties shall true-up payments on a per Procedure Kit basis (and not on an aggregated basis) for the previous calendar quarter, based on the quarterly reports specified in Section 9.1 and in accordance with the revenue sharing terms for the applicable mode of sale as set forth in to be agreed to pursuant to Exhibit A. Undisputed true-up payments (including, for clarity, all undisputed portions of any calculated quarterly true-up) shall be made within forty-five (45) days after the end of the relevant calendar quarter. Either Party may request that the Parties discuss changes to the sharing of Net Revenue generated from sales of Procedure Kits. Any and all adjustments to the sharing of Net Revenue shall take effect upon mutual agreement of the Parties in writing.