Common Contracts
1 similar null contracts
Schedule 1.1May 1st, 2017
Note-1: the Parties agree that, under Schedule 1.1 of the Original Agreement, Bank paid certain amounts to Gander Mountain from the Effective Date of August 1, 2012 through the Execution Date for what are referred to therein as royalties and New Account Compensation. Accordingly, any such amounts paid by Bank to Gander Mountain during that period shall be netted against amounts owed to Gander Mountain as described in this Schedule 1.1, A (excluding the Accounts Receivable Bonus described in subsection 4 thereof) for the same period. Said another way, as of the Execution Date, Bank owes Gander Mountain only the difference between the amounts owed under Schedule 1.1, A (excluding the Accounts Receivable Bonus) for the period from the Effective Date to through the Execution Date, and the amount of royalties and New Account Compensation already paid by Bank in respect of the same period. Bank shall pay such amount to Gander Mountain within thirty (30) days of the Execution Date.
