definiens: , which is defined as t he cumulative Transfer Price owed to PRAECIS ( as described in ( iii ) above ) less the cumulative payments already made to PRAECIS ( as described in ( v ) above ), ( vii ) the total Net Sales, and Net Sales on a country - by - country basis, during such calendar quarter and ( viii ) the total amount of royalties, and the amoun t of royalties on a country - by - country basis, payable to PRAECIS pursua nt to Section 9.8 . If the Adjustment Amount is a positive number, [COMPANY] shall make payment to PRAECIS of same along with such report . If the Adjustment A mount is negative, then [COMPANY] shall so report ; and PRAECIS shall credi t such amount to the account of [COMPANY], which credit shall be applied agains t future amounts due from [COMPANY] to PRAECIS