Payment through Royalties; Recalculation of Purchase Price. Payment of the remaining balance of the purchase price in the form of royalties as defined in this section 2, or any portion thereof, is subject to modification and recalculation depending on the Buyer's net revenues from sale of Patented Products during the Royalty Period commencing in 2017. Said royalties shall not exceed the remaining amount of the purchase price; to the extent that the remaining purchase price has not been paid through royalties during the Royalty Period, the purchase price shall be reduced by the amount of such shortfall.
Appears in 5 contracts
Samples: Patent and Trademark Office (Cloracks Corp), Patent and Trademark Office (Cloracks Corp), Patent and Trademark Office (Cloracks Corp)
