Royalty Shortfall Payment

Example Definitions of "Royalty Shortfall Payment"
Royalty Shortfall Payment. Shall be defined as the amount, if any, by which (i) the royalties to which Licensor would be entitled if Net Sales of Licensed Products for the prior Year were equal to the Royalty Shortfall Threshold, exceed (ii) the royalties actually due for the prior Year.
Found in CALIFORNIA PIZZA KITCHEN, INC. contract
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