Common use of Additional License Fees Clause in Contracts

Additional License Fees. In consideration of the licenses granted herein, ABT/UK shall pay to ABT the following fees ("Additional License Fees"): (a) For the [*]. (b) For the sixth (6th) Fiscal Year and each Fiscal Year thereafter, ABT/UK shall, no later than fifteen (15) days after the end of each month pay to ABT an amount equal to [*] of Gross Revenues received by ABT/UK during such month in connection with the operation of the Local Business. Such fees will be in addition to any fees due under Section 5.1. For purposes of this Section 5.2, the "Credit Amount" means one million one hundred thousand dollars ($1,100,000); however, if ABT/UK terminates the maintenance portion of this Agreement under Section 11.2(d), the Credit Amount for each Fiscal Year ending after such termination will be eight hundred fifty thousand dollars ($850,000). ABT/UK may credit up to the Credit Amount each Fiscal Year against Additional License Fees payable under this Section 5.2(b). Such credits may only be applied against ABT/UK's payment of Additional License Fees under this Section 5.2(b) and in no event will be refundable to ABT/UK or reduce the amount of fees payable under Section 5.1.