Second Additional Payment. An additional payment of $250,000 for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the Second Additional Payment Condition is met. If the Second Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year. Such Additional Payment, if due, shall be paid to Seller within 30 days of Purchaser’s receipt of the Final 2016 Royalty Report.
Appears in 2 contracts
Samples: Royalty Purchase Agreement (Relief Therapeutics Holding SA), Royalty Purchase Agreement (Relief Therapeutics Holding SA)
Second Additional Payment. An additional payment of $250,000 for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 2017 Royalty Report in the event the Second Additional Payment Condition is met. If the Second Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 2017 Royalty Year. Such Additional Payment, if due, shall be paid to Seller within 30 days of Purchaser’s receipt of the Final 2016 2017 Royalty Report.
Appears in 2 contracts
Samples: Royalty Purchase Agreement (Relief Therapeutics Holding SA), Royalty Purchase Agreement (Relief Therapeutics Holding SA)
