Remainder Payment

Remainder Payment. Any Remainder Payment owed to Epoch will be paid to Epoch prior to the end of the Quarter in which the Remainder Payment accrues. The following hypothetical example is provided to clarify the above provision, and will not be considered a right or obligation to either Party under this First Side Agreement: If, in any Quarter during the period beginning on October 1, 2001 and ending December 31, 2002 ABG were to purchase [*] Bare ... Probes from Epoch, ABG would pay Epoch as follows: [*]*$[*] = $[*] for the purchase of [*] Bare Probes, and [*]*$[*] $[*] as the Remainder Payment, for a total payment to Epoch in that three-month period of $[*]. The $[*] Remainder Payment would be due prior to the end of the subject Quarter. View More

Remainder Payment. Any words with initial capitalization that are used in this First Side Agreement that are not otherwise defined in this First Side Agreement will have the meanings set forth in the Collaboration Agreement. 1.2 "Quarter" means a three month period beginning on the first day of January, April, July or October. Notwithstanding anything to the contrary in Section 6.02 or 6.04 of the Collaboration Agreement, or any other terms of the Collaboration Agreement, during the period beginning on October 1,... 2001 and ending December 31, 2002, for each Quarter within that period, ABG will either (1) purchase [*] Bare Probes from Epoch at a price of $[*] per Bare Probe, or (2) purchase a number of Bare Probes less than [*] Bare Probes from Epoch at a price of $[*] per Bare Probe and pay Epoch a payment in the amount of ([*] – X)*$[*], where X is the number of Bare Probes less than [*] Bare Probes purchased from Epoch ("Remainder Payment"). View More