Payment From Star Games Sample Clauses

Payment From Star Games. Licensor acknowledges that timely royalty payments to Licensor for Australia, New Zealand and Papua New Guinea are subject to Licensee receiving timely, accurate information from Star Games. Licensee shall make timely, good faith payments to Licensor based on information it receives from Star Games. If after verification of sales information, a good faith payment must be adjusted, the adjustment shall be made to the royalties paid in the quarter following verification of the accurate royalty payments. In the event that such adjustment requires additional payment to Licensor, Licensee shall pay Licensor interest on such late payment at an interest rate of one and three fourths percent (1.75%) per month, or the highest rate permitted by law, which ever rate is lower, from the date the royalty payment should have been received by Licensor until paid. In no event shall Licensee be required to refund any overpayment; however, in the event of an overpayment, Licensee may credit such overpayment toward royalties due to Licensor in the calendar quarter following that in which the overpayment was detected. Without limiting the scope of Licensor’s rights hereunder, it is specifically agreed that Licensee shall include in its agreement with Star Games a provision requiring Star Games to maintain the same records as Licensee is required to maintain under Paragraph 11 of the Agreement; Licensee’s agreement with Star Games shall also grant Licensor the same audit rights with respect to Star Games books of account and records as Licensee granted to Licensor with respect to Licensee’s books of account and records under Paragraph 11 of the Agreement.
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Related to Payment From Star Games

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  • Award Distribution (a) In the event of any partial taking of any Leased Property, the entire Award shall belong to and be paid to Lessor, except that, subject to the rights of the Facility Mortgagees, Tenant shall be entitled to receive from the Award, if and to the extent such Award specifically includes such item, the following:

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Interim Payment Unless the Funding Date for a Loan is the first day of a calendar month, Borrower shall pay the per diem interest (accruing at the Loan Rate from the Funding Date through the last day of that month) payable with respect to such Loan on the first Business Day of the next calendar month.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

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