Common use of Creditable Payments Clause in Contracts

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example: (A) if Company pays Stanford a [***] maintenance payment for year Y, and according to Section 7.8 [***] in earned royalties are due Stanford for Net Sales in year Y, Company will only need to pay Stanford an additional [***] for that year's earned royalties. (B) if Company pays Stanford a [***] maintenance payment for year Y, and according to Section 7.8 [***] in earned royalties are due Stanford for Net Sales in year Y, Company will not need to pay Stanford any earned royalty payment for that year. Company will not be able to offset the remaining [***] against a future year's earned royalties.

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example: (A) if Company BBB pays Stanford a [***] $10 maintenance payment for year Y, and according to Section 7.8 [***] 6.3 $15 in earned royalties are due Stanford for Net Sales in year Y, Company BBB will only need to pay Stanford an additional [***] $5 for that year's ’s earned royaltiesroyalties due on Net Sales. (B) if Company BBB pays Stanford a [***] $10 maintenance payment for year Y, and according to Section 7.8 [***] 6.3 $3 in earned royalties are due Stanford for Net Sales in year Y, Company BBB will not need to pay Stanford any earned royalty payment due on Net Sales for that year. Company BBB will not be able to offset the remaining [***] $7 against a future year's ’s earned royalties.

Creditable Payments. The license maintenance fee for a year may be offset against earned royalty payments due on Net Sales occurring in that year. For example: (A) if Company Selten pays Stanford a [$***] * maintenance payment for year Y, and according to Section 7.8 [7.6 $***] * in earned royalties are due Stanford for Net Sales in year Y, Company Selten will only need to pay Stanford an additional [$***] * for that year's earned royalties. (B) if Company Selten pays Stanford a [$***] * maintenance payment for year Y, and according to Section 7.8 [7.6 $***] * in earned royalties are due Stanford for Net Sales in year Y, Company Selten will not need to pay Stanford any earned royalty payment for that year. Company Selten will not be able to offset the remaining [$***] * against a future year's earned royalties.