Common use of Partner Payment Clause in Contracts

Partner Payment. Brainbox Digital shall pay Partner a total of Fifty percent (50%) of the Revenue received by Brainbox ▇▇▇▇▇▇▇.▇▇▇ on a monthly basis (the “Partner Revenue”). The Partner Revenue shall be paid within Sixty working days (60) of the close of the month in which the Partner Revenue was earned under the terms of this Agreement, this excludes revenues generated via Pricerunner, which will be paid within forty-five days (45) of the close of the month in which the Pricerunner revenue was earned. For clarity partner revenue excludes performance bonuses, tier payments, uplift bonuses or other additional revenues earned or negotiated at any time by Brainbox Digital at a network or country level with feed providers. If Brainbox Digital terminates this Agreement, final payment may be delayed for as long as sixty (60) additional days in cases in which the number of Referrals has not been validated to the satisfaction of Brainbox Digital. In such cases where overpayment has been deemed to be paid by Brainbox Digital to Partner, Brainbox Digital shall deduct that amount from the following months Partner Payment. For the relevant VAT jurisdictions, Brainbox Digital and Partner hereby acknowledge and agree that Brainbox Digital shall provide Partner with a value added tax (“VAT”) invoice. Partner agrees not to raise any VAT invoices with respect to the revenue due to it pursuant to this Agreement. Brainbox Digital will complete invoices showing the Partner address, VAT Registration number, together with all details which constitute a full VAT invoice. Partner agrees to notify Brainbox Digital in the event Partner ceases to be registered under the VAT number delineated in this Agreement, transfers or sells its business or becomes registered under a different VAT number. Brainbox Digital agrees to make a new agreement in the event that the Partner’s VAT registration changes. In the event Brainbox Digital intends to outsource responsibility for issuing VAT invoices under this Agreement to a third party, Brainbox Digital shall notify the Partner of such outsourcing

Appears in 1 contract

Sources: Advertiser Listings Syndication Agreement

Partner Payment. Brainbox Digital Adflare shall pay Partner a total of Fifty percent (50%85% or as otherwise agreed) of the Revenue received by Brainbox ▇▇▇▇▇▇▇.▇▇▇ on a monthly basis (the “Partner Revenue”). The Partner Revenue shall be paid within Sixty working days (60) of the close of the month in which the Partner Revenue was earned under the terms of this Agreement, this excludes revenues generated via Pricerunner, which will be paid within forty-five days (45) of the close of the month in which the Pricerunner revenue was earned. For clarity partner revenue excludes performance bonuses, tier payments, uplift bonuses or other additional revenues earned or negotiated at any time by Brainbox Digital Adflare at a network or country level with feed providers. If Brainbox Digital Adflare terminates this Agreement, final payment may be delayed for as long as sixty (60) additional days in cases in which the number of Referrals has not been validated to the satisfaction of Brainbox DigitalAdflare. In such cases where overpayment has been deemed to be paid by Brainbox Digital Adflare to Partner, Brainbox Digital Adflare shall deduct that amount from the following months Partner Payment. For the relevant VAT jurisdictions, Brainbox Digital ▇▇▇▇▇▇▇ and Partner Publisher hereby acknowledge and agree that Brainbox Digital Adflare shall provide Partner Publisher with a value added tax (“VAT”) invoice. Partner Publisher agrees not to raise any VAT invoices with respect to the revenue due to it pursuant to this Agreement. Brainbox Digital Adflare will complete invoices showing the Partner publishers’ address, VAT Registration number, together with all details which constitute a full VAT invoice. Partner Publisher agrees to notify Brainbox Digital Adflare in the event Partner Publisher ceases to be registered under the VAT number delineated in this Agreement, transfers or sells its business or becomes registered under a different VAT number. Brainbox Digital ▇▇▇▇▇▇▇ agrees to make a new agreement in the event that the Partnerpublisher’s VAT registration changes. In the event Brainbox Digital Adflare intends to outsource responsibility for issuing VAT invoices under this Agreement to a third party, Brainbox Digital Adflare shall notify the Partner Publisher of such outsourcing

Appears in 1 contract

Sources: Advertiser Listings Syndication Agreement

Partner Payment. Brainbox Digital Adflare shall pay Partner a total of Fifty percent (50%) of the Revenue received by Brainbox ▇▇▇▇▇▇▇.▇▇▇ on a monthly basis (the “Partner Revenue”). The Partner Revenue shall be paid within Sixty working days (60) of the close of the month in which the Partner Revenue was earned under the terms of this Agreement, this excludes revenues generated via Pricerunner, which will be paid within forty-five days (45) of the close of the month in which the Pricerunner revenue was earned. For clarity partner revenue excludes performance bonuses, tier payments, uplift bonuses or other additional revenues earned or negotiated at any time by Brainbox Digital Adflare at a network or country level with feed providers. If Brainbox Digital Adflare terminates this Agreement, final payment may be delayed for as long as sixty (60) additional days in cases in which the number of Referrals has not been validated to the satisfaction of Brainbox DigitalAdflare. In such cases where overpayment has been deemed to be paid by Brainbox Digital Adflare to Partner, Brainbox Digital Adflare shall deduct that amount from the following months Partner Payment. For the relevant VAT jurisdictions, Brainbox Digital Adflare and Partner Publisher hereby acknowledge and agree that Brainbox Digital Adflare shall provide Partner Publisher with a value added tax (“VAT”) invoice. Partner Publisher agrees not to raise any VAT invoices with respect to the revenue due to it pursuant to this Agreement. Brainbox Digital Adflare will complete invoices showing the Partner publishers’ address, VAT Registration number, together with all details which constitute a full VAT invoice. Partner Publisher agrees to notify Brainbox Digital Adflare in the event Partner Publisher ceases to be registered under the VAT number delineated in this Agreement, transfers or sells its business or becomes registered under a different VAT number. Brainbox Digital Adflare agrees to make a new agreement in the event that the Partnerpublisher’s VAT registration changes. In the event Brainbox Digital Adflare intends to outsource responsibility for issuing VAT invoices under this Agreement to a third party, Brainbox Digital Adflare shall notify the Partner Publisher of such outsourcing

Appears in 1 contract

Sources: Advertiser Listings Syndication Agreement