Restricted Credits May Accrue For New License Fees Applicable To New/Additional Licensed Product(s Sample Clauses

Restricted Credits May Accrue For New License Fees Applicable To New/Additional Licensed Product(s. Artisan Components will accrue restricted credits (“Restricted Credits”) for Licensee based on royalty fees paid to Artisan Components when due hereunder (in other words, the royalties due must be paid on time (see Section 7.3 of Master License Agreement, quarterly royalty payments are due every quarter no later than 30 days after the end of the calendar quarter)) as follows. of a Restricted Credit will accrue for each $1.00 of royalty fees paid to Artisan Components when due hereunder. One Restricted Credit will be applied by Artisan Components only towards $1.00 of new License Fees (other than the License Fees initially set forth in this Appendix B-1, and not royalty fees, for new/additional Licensed Product(s) (“New Orders”) ordered by Licensee under a subsequent Product Schedule (other than this Product Schedule), if any; provided, however, that (i) the maximum amount of Restricted Credits to accrue and be applied against New Orders may not exceed the initial License Fees set forth in this Appendix B-1,and (ii) the Restricted Credits may be applied only against New Orders set forth in a firm order from Licensee within of the date the Restricted Credits were accrued (date of accrual shall be the date Artisan Components receives the royalty fees that earned the Restricted Credits). Restricted Credits have no cash value or refund value, and they may not be used for any purpose except as specifically set forth above as a credit to be applied by Artisan Components towards New Orders in accordance with all of the above. Any Restricted Credits which are not applied by Artisan Components towards New Orders as set forth above, for any reason, shall be deemed void. Restricted Credits will only be accrued for royalty fees paid on time pursuant to Section 7.3
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Related to Restricted Credits May Accrue For New License Fees Applicable To New/Additional Licensed Product(s

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