TrAIL Payments definition
TrAIL Payments means all milestone payments or completion bonus amounts that are or may become payable to the Acquired Companies with respect to the TrAIL Project. For the avoidance of doubt, the TrAIL Payments shall not include any other accounts receivable or payments payable to the Acquired Companies with respect to the TrAIL Project.
Examples of TrAIL Payments in a sentence
Any costs of the type described in clauses (i) through (iii) above shall be deemed for purposes of this Section 6.2(b) to be unreimbursable until such time as KCC shall have received reimbursement therefor and to the extent that KCC does not fully offset any TrAIL Costs against the TrAIL Payments, such unreimbursed costs shall constitute “Unsatisfied TrAIL Costs” for purposes of this Agreement.