Common use of Retroactive Adjustment Clause in Contracts

Retroactive Adjustment. The supply price shall be determined based on the average NET SALES of the immediately preceding CALENDAR QUARTER; provided, however, that if the actual amount of the NET SALES is not available, an estimated NET SALES shall be used for the calculation of the supply price and the necessary retroactive adjustment shall be made immediately after the actual amount of the NET SALES becomes available.

Appears in 3 contracts

Sources: Annual Report, Confidentiality Agreement (Vivus Inc), License Agreement (Vivus Inc)