Common use of Development Sites Clause in Contracts

Development Sites. Medtronic will assist CMI in establishing a reasonable number of System development sites in Europe. Medtronic will receive a fee equal to [*]% of all proceeds received by CMI for the placement of Systems in each of the selected sites, excluding from such proceeds any development, consulting or upgrade expenses charged to such site. Such fee will be payable when and as the proceeds are received by CMI.

Appears in 2 contracts

Sources: Sales Agreement (Computer Motion Inc), Sales Agreement (Computer Motion Inc)