Common use of Administration Charge Clause in Contracts

Administration Charge. If the aggregate amount by which the Purchase Price exceeds the Manufacturer’s Cost for any Calendar Year (the “Administration Charge”) is less than ***** (*****) (which amount, as increased from time to time in accordance with the provisions of this Section 8.2, is herein referred to as the “Minimum Administration Charge”), then ▇▇▇▇▇▇ shall pay to IMI the amount by which the Minimum Administration Charge exceeds the Administration Charge for such year. Such payment shall accompany the royalty payment for the last Fiscal Quarter for each Calendar Year. The Minimum Administration Charge shall be increased by the Canadian CPI, as defined and published by Statistics Canada in The Consumer Price Index Catalogue #62-001-XPB, as determined as of December 31 of the Calendar Year previous to the Year in which a sale of Product in accordance with Section 8.1 occurs.

Administration Charge. If the aggregate amount by which the Purchase Price exceeds the Manufacturer’s Cost for any Calendar Year (the “"Administration Charge”") is less than ***** (*****) (which amount, as increased from time to time in accordance with the provisions of this Section 8.2, is herein referred to as the “"Minimum Administration Charge”"), then ▇▇▇▇▇▇ shall pay to IMI the amount by which the Minimum Administration Charge exceeds the Administration Charge for such year. Such payment shall accompany the royalty payment for the last Fiscal Quarter for each Calendar Year. The Minimum Administration Charge shall be increased by the Canadian CPI, as defined and published by Statistics Canada in The Consumer Price Index Catalogue #62-001-XPB, as determined as of December 31 of the Calendar Year previous to the Year in which a sale of Product in accordance with Section 8.1 occurs.