Common use of Returns etc Clause in Contracts

Returns etc. Sections 5(e) and (f) of the Original Agreement are hereby amended to provide that Virgin shall not have the right to retain from the payments due to Interplay under the Original Agreement any reserve against Returns. Interplay shall, however, be responsible for actual Returns, which amounts shall be determined on a monthly basis during the Term and credited against any payments thereafter due to Interplay under the Original Agreement if during the term of this Agreement, and paid by Interplay to Virgin upon demand if such amount exists at or after termination of the Original Agreement.

Appears in 2 contracts

Sources: International Distribution Agreement (Interplay Entertainment Corp), International Distribution Agreement (Interplay Entertainment Corp)