FOSSL Enabled Product Payments Sample Clauses
The 'FOSSL Enabled Product Payments' clause defines the terms under which payments are made for products that incorporate Free and Open Source Software Licenses (FOSSL). This clause typically outlines how payment obligations are calculated or adjusted when a product includes open source components, and may specify any limitations or exceptions related to such payments. Its core function is to ensure that both parties understand how the use of open source software within a product affects payment terms, thereby preventing disputes and clarifying financial responsibilities.
FOSSL Enabled Product Payments. In further consideration of the rights granted hereunder by ▇▇▇▇▇▇ to Philips, following the Closing, Philips shall make a royalty payment in the form of a FOSSL Enabled Product Payment to ▇▇▇▇▇▇ for each calendar year [***] (or as otherwise shifted for a specific Licensed Field in accordance with the terms of Section 3.3.1) for the [***] FOSSL System ([***] and for each unit of FOSSL Systems delivered to and accepted by Philips’ (or its Affiliates’ or their respective licensees’ or sublicensees’) customers in excess of [***] in that respective year. The FOSSL Enabled Product Payment shall be made [***]. For all FOSSL Systems for which a FOSSL Enabled Product Payment is due, the FOSSL Enabled Product Payments made in a given calendar year shall be an amount which is equal to [***] (due within [***] of receiving an invoice for the amount due after the delivery and acceptance of the [***] FOSSL System in the applicable calendar year when [***]) plus [***] for each delivered and accepted FOSSL System after the total of such deliveries during the applicable calendar year reaches [***]. [***]
FOSSL Enabled Product Payments. In further consideration of the rights granted hereunder by ▇▇▇▇▇▇ to Philips, following the Closing, Philips shall make a royalty payment in the form of a FOSSL Enabled Product Payment to ▇▇▇▇▇▇ for each calendar year [***] CERTAIN INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS For all FOSSL Systems for which a FOSSL Enabled Product Payment is due, the FOSSL Enabled Product Payments made in a given calendar year shall be an amount which is equal to [***]
FOSSL Enabled Product Payments. Section 3.3 of the Master Agreement is amended to change the per unit royalty from [***] to [***]. Section 3.3 hereby amended and restated as follows: