Common use of CONVERTING TO UNLIMITED DISTRIBUTION LICENSE Clause in Contracts

CONVERTING TO UNLIMITED DISTRIBUTION LICENSE. Customer shall have the option at the beginning of each calendar quarter starting with the quarter that is at least two (2) years after the first commercial shipment of Application which contains SBL to purchase a royalty free, unlimited distribution license at Softbridge's then prevailing prices and terms and shall be entitled to a credit based upon the below schedule: a) [*] of royalties paid in previous four quarters, plus b) [*] of royalties paid in the four quarter prior to a), plus c) [*] of royalties paid in the four quarters prior to b).

Appears in 2 contracts

Sources: Software License Agreement (Kofax Image Products Inc), Software License Agreement (Kofax Image Products Inc)