Penalty for Failure to Fund. By March 31st of each year, the Company and Rusnano will calculate the amount of Russian Funding actually transferred by the Company to RusCo for such applicable Period (the "Actual Funding Amount"). In the event that the Company fails to meet its funding obligations to RusCo for such Period (as set forth in Section 2.1 above), the Company shall pay a one-time penalty fee to RUSNANO (the "Penalty"), calculated as follows : Penalty = 10% x (0.8 x A - B) Where:
Appears in 4 contracts
Samples: Letter Agreement (Quantenna Communications Inc), Letter Agreement (Quantenna Communications Inc), Letter Agreement (Quantenna Communications Inc)
