HL-2 Laser Systems Sample Clauses

HL-2 Laser Systems. (a) Novadaq’s payment to PLC for each HL-2 Laser System sold by Novadaq shall be the greater of (i) [**] dollars ($[**]), or (ii) [**] percent ([**]%) of the sum of (1) the actual price paid by the customer/end user of the applicable HL-2 Laser System sold by Novadaq (which amount is deemed to include the warehousing fees at PLC’s facility) and (2) the aggregate Usage Premiums received by Xxxxxxx or Novadaq prior to the point of sale (if any) without deducting any portion thereof paid to PLC pursuant to Section 7.3(e) (the “HL-2 Purchase Price”). (b) PLC shall xxxx Novadaq and Novadaq shall pay for each HL-2 Laser System purchased on a preliminary basis the sum of [**] dollars ($[**]). (c) The difference between (i) the sum of (A) the preliminary amount billed during a calendar quarter in accordance with Section 7.3(b) and (B) the portion of the Usage Premiums already paid to PLC pursuant to Section 7.3(e), and (ii) the actual amount owed in accordance with Section 7.3(a) shall be paid by Novadaq to PLC, as the case may be, within thirty (30) days of the end of the month in which the applicable HL-2 Laser System is sold by Novadaq. (d) Within fifteen (15) days of the end of each calendar month, Novadaq shall provide to PLC a written report showing, for the month immediately preceding the report, Novadaq’s sales of the Products, including the name of the customer, the date of the shipment, the price of the Product and the allocation of the price between Novadaq and PLC. Novadaq shall maintain for at least two years its records, contracts and accounts relating to sales of the Products, and shall permit examination thereof by authorized representatives of PLC at all reasonable times. (e) Novadaq shall retain the Usage Premiums it receives from each HL-2 Laser System that is or was placed or sold at any time prior to the Effective Date or during the term of this Agreement, until the aggregate Usage Premiums received by Xxxxxxx or Novadaq with respect to each such HL-2 Laser System equals [**] dollars ($[**]). Thereafter (i.e., after the $[**] has been recovered by Xxxxxxx or Novadaq), Novadaq shall pay to PLC [**] percent ([**]%) of any such Usage Premiums received. PLC and Novadaq agree to periodically review in good faith the HL-2 Laser Purchase Price and to make adjustments, subject to their mutual agreement, to the HL-2 Purchase Price due to inflation, change in product cost and/or other market or competitive conditions. (f) Novadaq agrees to provide to PL...
Sample 1
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HL-2 Laser Systems. Subject to any adjustment provided herein, Exxxxxx shall purchase the HL-2 Laser Systems from PLC for $[**] per unit, which amount includes warehousing fees at PLC’s facility (the “HL-2 Purchase Price”). In addition, Exxxxxx shall pay PLC [**]% of the amount the HL-2 Laser System end user price exceeds the HL-2 Purchase Price for each such HL-2 Laser System sold. Exxxxxx shall retain the Usage Premiums it receives from each HL-2 Laser System that is placed until the aggregate Usage Premiums received with respect to such HL-2 Laser System equals the [**]. Thereafter, Exxxxxx shall pay PLC [**]% of such Usage Premiums. PLC and Exxxxxx agree to periodically review in good faith the HL-2 Laser Purchase Price and to make adjustments, subject to their mutual agreement, to the HL-2 Purchase Price due to inflation, change in product cost and/or other market or competitive conditions. Exxxxxx shall pay PLC within [**] days of the sale the amount set forth in the column titled “Protection” specified in Schedule 7.3 for each such HL-2 Laser System that is sold to a customer listed on Schedule 7.3 within three months of Effective Date of this Agreement.
Sample 1

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