Development Amount. Licensee shall pay to Developer $600,000 (the "Minimum Development Amount") plus additional amounts up to a maximum total amount of $3,000,000 (the "Maximum Development Amount"), to be used by Developer in the development and publishing of the Licensed Game. The aggregate amount actually delivered by Licensee to Developer under Sections 6.1 and 6.2, less any amounts returned by Developer to Licensee pursuant to Section 3.5, determined at the time the Licensed Game is approved by Licensee in accordance with Section 2.2, shall be referred to herein as the "Development Amount". To the extent of the Minimum Development Amount, Licensee shall deliver the Minimum Development Amount in accordance with the Anticipated Installment Schedule; thereafter Licensee shall deliver amounts in accordance with Section 6.2.
Appears in 2 contracts
Sources: Publishing License Agreement, Publishing License Agreement (Fig Publishing, Inc.)
Development Amount. Licensee shall pay to Developer $600,000 (the "“Minimum Development Amount"”) plus additional amounts up to a maximum total amount of $3,000,000 (the "“Maximum Development Amount"”), to be used by Developer in the development and publishing of the Licensed Game. The aggregate amount actually delivered by Licensee to Developer under Sections 6.1 and 6.2, less any amounts returned by Developer to Licensee pursuant to Section 3.5, determined at the time the Licensed Game is approved by Licensee in accordance with Section 2.2, shall be referred to herein as the "“Development Amount"”. To the extent of the Minimum Development Amount, Licensee shall deliver the Minimum Development Amount in accordance with the Anticipated Installment Schedule; thereafter Licensee shall deliver amounts in accordance with Section 6.2.
Appears in 1 contract
Sources: Publishing License Agreement (Fig Publishing, Inc.)