Common use of QC Amendment Clause in Contracts

QC Amendment. Purchaser and Sellers shall have entered into a written amendment to this Agreement (the "QC Amendment") providing for an additional schedule of per unit QC Payments to be made by Purchaser to Sellers in respect of products to be sold by or on behalf of Purchaser or its Affiliates through retail distribution channels. In addition to such terms and conditions as Purchaser and Sellers may mutually agree upon as contemplated by Section 4.11, such written amendment shall provide that these QC Payments shall be payable in addition to any QC Payments payable to Sellers pursuant to Section 1.7 and shall be applied to amounts outstanding under the Notes in the same manner as the Notes provide with respect to the QC Payments payable pursuant to Section 1.7.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ronco Corp), Asset Purchase Agreement (Fi Tek Vii Inc)

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QC Amendment. Purchaser and Sellers shall have entered into a written amendment to this Agreement (the "QC Amendment") providing for an additional schedule of per unit QC Payments to be made by Purchaser to Sellers in respect of products to be sold by or on behalf of Purchaser or its Affiliates through retail distribution channels. In addition to such terms and conditions as Purchaser and 37 Sellers may mutually agree upon as contemplated by Section 4.11, such written amendment shall provide that these QC Payments shall be payable in addition to any QC Payments payable to Sellers pursuant to Section 1.7 and shall be applied to amounts outstanding under the Notes in the same manner as the Notes provide with respect to the QC Payments payable pursuant to Section 1.7.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ronco Corp), Asset Purchase Agreement (Fi Tek Vii Inc)

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