Discount Cap definition
Examples of Discount Cap in a sentence
In addition, if in any Contract Year the aggregate Discounts (as defined below) on sales of Licensed Products in any Non-Licensor Channel specified in the table below exceed the applicable Discount Cap indicated in such table, Licensee shall pay a royalty on the amount of such excess Discounts.
On January 1, 2014, and every five years thereafter, the Discount Cap and the Discount Floor shall be adjusted so that they increase or decrease to reflect changes in the Gross Domestic Product (“GDP”) published by the United States Department of Commerce, Bureau of Economic Analysis, using a GDP implicit price deflator (“GDP Deflator”) measured against the first year of the new five year period, and the first year of the last five year period.
Discount Cap Exceptions - The maximum Project Discount is *** for Federal End Users.
Company and Employee will have the right to present the appraiser, in writing or otherwise, with work papers, schedules and any other documents which such party reasonably believes to be pertinent to the appraiser’s duties under this subsection; provided, however, that neither party shall be permitted to notify the appraiser of the existence or amount of the Discount Cap or instruct the appraiser to apply or not apply any discount.