Residual Payments. Lender shall be entitled to receive 100% of the Residuals attributable to any Facility Contract until Lender shall have recovered the balloon payment/Estimated Residual amount set forth in the applicable Amortization Schedule (which Lender shall have full recourse to Borrower).
Residual Payments. MPL shall pay to Distributor residual payments following the expiration or termination of this Agreement, as follows: for the first twelve (12) month period following the expiration or termination of this Agreement, and payable within forty five (45) days after such expiration or termination, an amount equal to thirty percent (30%) of Average Annual Net Sales; and for the second twelve (12) month period following the expiration or termination of this Agreement, and payable within forty-five (45) days after the first anniversary of such expiration of termination, an amount equal to fifteen percent (15%) Average Annual Net Sales. For purposes of this Agreement, "Average Annual Net Sales" shall be calculated as follows: (A/B) x 12 where, A = total Net Sales from the Effective Date through the date of expiration or termination; and B = the total number of months that have elapsed from the Effective Date through the date of expiration or termination. In no event are the payments set forth above to be considered cumulative payments (i.e., more than forty-five percent (45%) of Average Annual Net Sales). In the event that it is determined that Distributor is in breach of the payment obligations under Section 5.07 of this Agreement, MPL shall be entitled to offset any amounts due and owing MPL against the residual payments due and owing Distributor under this Section 12.07.
Residual Payments. Upon expiration or termination of this Agreement, with the exception of termination by Company pursuant to Section 14.3 of this Agreement, Company shall continue to pay Vendor on a monthly basis, in arrears, for a period of [CONFIDENTIAL TREATMENT REQUESTED] after such expiration or termination, residual payments as follows: the residual payments shall equal [CONFIDENTIAL TREATMENT REQUESTED]; provided, however, such residual payment percentage may be reduced as follows: In the event Company increases the number of Representatives hired by Vendor under this Agreement (as set forth in Section 2.1 of this Agreement), the residual payment shall be reduced by [CONFIDENTIAL TREATMENT REQUESTED]. Further, if this Agreement is extended beyond the initial five (5) year term in accordance with Section 14.1 of this Agreement, the residual payment shall be reduced by [CONFIDENTIAL TREATMENT REQUESTED]. For purposes hereof, the number of Representatives and the related residual fee shall be determined as of the first day of each calendar month. This Section shall not limit any damages to which either Vendor may be entitled as a result of Company's breach. During the term of this Agreement and thereafter as long as residual payments are due to Vendor pursuant to this Section 14.13, Company shall provide to Vendor monthly sales reports in a mutually agreed upon format. Such sales reports shall be provided to Vendor electronically within ten (10) days of the end of each month. During the term of this Agreement and for a period of one (1) year after the final residual payment owed to Company is made by Vendor, Company shall permit Vendor's designated employees or agents to have access during ordinary business hours to records of all Product sales information in order to verify the accuracy of amounts paid to Vendor by Company.
Residual Payments. Xxxx Xxxxxxx and Xxxxxx Van Ert will receive: a three percent NSR (3%) of the “Net Returns” for all minerals actually produced and sold from the Property. "
Residual Payments. If Content Provider chooses to promote or market to its Subscribers products and services offered by Point2, Content Provider will receive the Residual Rate described in Exhibit D.
Residual Payments. All the terms of the applicable ACTRA agreement and clauses shall apply to any engagement day or portion thereof not covered by these Clauses. 4010. 4011. 4012. 4013. 4014. 4015. 4016. 4017. 4018.
Residual Payments. In the event of any termination of this Agreement with respect to HPV pursuant to Section 4.3(a), and in consideration of Abbott efforts in developing Product sales and goodwill during the Term, Digene shall pay for five (5) years following the termination of this Agreement, a residual to Abbott pursuant to Section 4.3(a).
Residual Payments. In the event of any termination of this Agreement [***********************************************], and in consideration of Abbott efforts in developing Product sales and goodwill during the Term, Digene shall pay for [******] following the termination of this Agreement, a residual to Abbott pursuant to [**************].
Residual Payments. Subject to the provisions of Section 11.6, in consideration of Cephalon's efforts in developing Product goodwill, Xxxxxx shall pay the following commissions to Cephalon during each Residual Period following the expiration or termination of the Collaboration Period. The commission payments due for the Residual Periods shall be made within forty-five (45) days following the end of each Residual Period: [* The confidential material contained herein has been omitted and has been separately filed with the Commission.] [* The confidential material contained herein has been omitted and has been separately filed with the Commission.]
Residual Payments. (a) If this Agreement shall expire at the end of the Initial Term and AHPC shall not have elected (or shall not have the right to elect) to extend the Initial Term for the Extended Promotion Term, then for the twenty-four (24) month period after the date of such expiration: (i) KING shall make residual payments (the "RESIDUAL PAYMENTS") to AHPC equal to twenty-five percent (25%) of Net Sales during such period, and (ii) shall conduct its business involving the marketing and sale of the Product only in the ordinary course and shall not effect the time of any sales of the Product in order to affect the amount of Net Sales for such period. Within forty-five (45) days after the end of each calendar quarter (or part thereof) during such period, KING shall pay to AHPC (by wire transfer of immediately available funds to an account designated by AHPC to KING in writing) an amount equal to the Residual Payments accrued but unpaid through the end of such calendar quarter.
