Returns and Offset Sample Clauses
Returns and Offset. (i) If an Authorized Revenue Reversal occurs, you agree that Microchip may refund the Software’s price to a Client whether or not the Client physically returns the Software to Microchip, and you are responsible for all expenses Microchip incurs related to the Authorized Revenue Reversal (“Revenue- Reversal Costs”).
(ii) Microchip may request you to refund, or deduct from you any future payments of the Purchase Proceeds, the amount equivalent to any Purchase Proceeds Microchip transferred or remitted to you for the Purchase of any Software subject to an Authorized Revenue Reversal. In addition, Microchip may request a reimbursement of any Revenue-Reversal Costs. If Microchip requests a refund or reimbursement in accordance with this Section VII(c), you must pay Microchip the full amount within 10 days. If you fail to do so, Microchip may offset any amounts you owe Microchip under this Agreement against amounts Microchip owes you under this Agreement or any other agreement with you.
Returns and Offset. You agree that Mirochip may refund the Software’s price to a Client if the Client is unsatisfied with the Software for any or no reason, whether or not the Client physically returns the Software to Microchip. You are responsible for all costs and expenses for Client’s return of any Software. In addition, Microchip may request a refund from you, or deduct from any future payments of the Purchase Proceeds, the amount equivalent to any refunds made to Client after Microchip transfers or remits any Purchase Proceeds. If Microchip requests a refund, you must pay Microchip the full amount within 10 days. If you fail to do so, Microchip may offset any amounts you owe Microchip under this Agreement against amounts Microchip owes you under this Agreement or any other agreement with you.