Second Preceding Quarter definition
Second Preceding Quarter means, with respect to a subject quarter, the quarter that is two (2) quarters earlier than the subject quarter. For example, the Second Preceding Quarter to the fourth (4th) quarter of this Agreement would be the second (2nd) quarter.
Examples of Second Preceding Quarter in a sentence
If, in Quarter twenty-one (21) of this Agreement, the Quarterly DRAM Revenue Ratio for the Second Preceding Quarter is [***], then Samsung shall pay Rambus a final, adjustment payment (“Final Adjustment Payment”) based on the following calculation, provided that, in no event shall the Final Adjustment Payment exceed [***].