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Friday, December 22, 2017 9:16:36 PM
4.1 Revenue Payment Calculation and Payment.
(a) Calculation. In addition to the payments contemplated by Section 3.2 and subject to the conditions set forth in this Section 4, Seller shall be eligible to receive additional payments (the “Revenue Payments”) based upon Revenue, if any, in accordance with this Section 4. The amount of Revenue Payments that Seller is entitled to receive hereunder, if any, will be calculated as follows:
(i) 1.5% of aggregate Revenue, until aggregate Revenue exceeds $100,000,000;
(ii) thereafter, 1.75% of aggregate Revenue that exceeds $100,000,000, until aggregate Revenue exceeds $200,000,000; and
(iii) thereafter, 2% of aggregate Revenue that exceeds $200,000,000.
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