Aggregate Payment Limit
Aggregate Payment Limit. Means, on any date of determination, $25,000,000; provided, however, that if the Company shall not have received any Abbott Royalty Payment on or prior to the sixth anniversary of the date hereof, such Aggregate Payment Limit shall be increased by 5% on such sixth anniversary date; and, on each successive anniversary date thereafter, the then-outstanding Aggregate Payment Limit shall be further increased by 5% unless and until the Company shall have received the initial Abbott Royalty Payment.
All Definitions
Found in
USA EQUITIES CORP. contract