British Airways Sample Clauses

British Airways. Seller shall notify Buyer in writing within seven days of becoming aware that British Airways has installed interactive software licensed by Snap2 under the terms of a contract dated 16 April 2001 ("the BA Contract") on its first aircraft and on and from that moment shall hold the benefit of the BA Contract on trust for Buyer. Snap2 and Buyer shall use their reasonable endeavours to procure the consent in writing of British Airways (in a form satisfactory to both) is obtained to the assignment / novation of the BA Contract as soon as possible. Upon such consent being obtained, Snap2 shall assign / novate to Buyer the BA Contract and upon the installation of the games software on the first BA aircraft and the first such aircraft entering service with such software fully functioning and available for use by passengers, Buyer shall pay to Snap2 a sum to be calculated by reference to the number of aircraft planned to be installed over the first 12 months based on the installation plan to be provided to Seller by BA in accordance with the rates specified in the product schedule to the BA Contract subject to such sum payable not exceeding $100,000 and following such assignment / novation Buyer shall further pay to Snap2 50% of all revenues received by Buyer from British Airways in respect of the BA Contract in the three years following Closing. If for any reason British Airways do not install interactive software licensed by Snap2 under the BA Contract on the maximum number of aircraft in respect of which British Airways has been licensed, or disable any number of aircraft in respect of which such software had been installed, the relevant proportion of the upfront fee paid on assignment / novation (calculated on a pro rata basis) shall be credited and set-off against any other sums due to Seller in respect of revenue sharing arrangements in this Agreement.
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