Diversion Payment definition
Examples of Diversion Payment in a sentence
For the avoidance of doubt, this Section 11.6 shall not limit a Party’s applicable Diversion Payment specified in Section 10.2.
Notwithstanding the foregoing, no Diversion Payment shall be due or payable by the Diversion Party to the Harmed Party in respect of any Diversion (irrespective of whether the Diversion involves more than one Licensed Product or occurs by more than one retailer or at more than one location) that occurs during the Diversion Grace Period.
The Diversion Party shall pay any Diversion Payment owed to the Harmed Party no later than thirty (30) days following the receipt of notice of any outstanding Diversion Payment from the Harmed Party.
The Diversion Party shall pay any Diversion Payment to the Harmed Party no later than thirty (30) days following the receipt of notice of any Diversion Payment from the Harmed Party or the conclusion of the dispute resolutions process set forth in Section 10.2(c) above.
No interest shall be payable on the amount which is the difference between the Diversion Payment Amount and the Amount Payable.