Prepaid Credits Sample Clauses

Prepaid Credits. D-R will pay E-C $1.2 million within 10 business days from the Amendment Effective Date as a pre-payment against future License Fees under the CMLA. This pre-payment will be credited as [***] (each, a “Prepaid Credit”) against the License Fees due for each of the first [***] sales of a Combined System (collectively, the “[***]”), if any, as calculated pursuant to Section 4.1 of the CMLA. No refund for the Prepaid Credits shall be due to D-R to the extent that fewer than [***] sales of a Combined System are consummated, but the remaining Prepaid Credits will be credited against any True-Up Payment made by D-R pursuant to Section 3.2.1 of the CMLA. Of the Prepaid Credit, 50% ([***]) will be credited against the initial payment due under Section 4.2(i) of the CMLA (the “Initial Payment”), and the remaining 50% ([***]) will be credited against the later payment due under Section 4.2(ii) of the CMLA (the “Backend Payment”).