PERCENTAGE SPLITS Sample Clauses
The Percentage Splits clause defines how revenue, profits, or other financial proceeds are divided among parties involved in an agreement. Typically, it specifies the exact percentage each party is entitled to receive from the total amount generated, such as splitting royalties between a creator and a distributor. This clause ensures transparency and fairness in financial arrangements, preventing disputes by clearly outlining each party’s share.
PERCENTAGE SPLITS. The parties shall receive the following percentages of revenue generated as a result of WebTV Subscribers and/or WebTV Products accessing TalkCity Content. The split shall be based as a percentage of total traffic from WebTV Subscribers or WebTV Products as an overall percentage of all traffic to TalkCity Content.
PERCENTAGE SPLITS. Every [****] after the Launch Date, N2K and Netscape shall calculate the Net Revenues generated by the Service, and N2K and Netscape shall share Net Revenues generated by the Service in the following manner: If the cumulative Net Revenues beginning on the Launch Date are less than [****], N2K shall pay Netscape [****] of the cumulative Net Revenues; If the cumulative Net Revenues beginning on the Launch Date are less than [****] but greater than [****], N2K shall pay Netscape [****] of the cumulative Net Revenues; If the cumulative Net Revenues beginning on the Launch Date are greater than [****], N2K shall pay Netscape [****] of the cumulative Net Revenues Notwithstanding the foregoing, if N2K offers deeply discounted Music Products such that the Net Revenues generated by the sale of such Music Products is less than [****] of the selling price of the Music Products, such Net Revenues from the sale of deeply discounted Music Products shall not be included in the calculation of Net Revenues to be shared between the parties; provided, however, that the sale of deeply discounted Music Products shall not account for over [****] of the total number of units of Music Products sold in any given six-month period.
PERCENTAGE SPLITS. The parties shall receive the following percentages of the Partner realized revenue generated as a result of WebTV Network subscribers visiting Partner Content, calculated after the deduction of the costs (listed in part 3 of this Exhibit C) on a monthly basis as follows: Type of Revenue Stream Partner % Share WNI % Share Advertising revenue [****] [****] During the first ninety (90) days, following execution of this Agreement, Partner shall receive all advertising revenue generated as a result of WebTV Network subscribers visiting Partner Content. Thereafter, the revenue generated shall be split as described in Section 2 of Exhibit C. The percentage splits for premium service revenue and transaction revenue shall be adhere the following schedule:
(a) Partner will pay to WNI a royalty of [****] of the selling price of Music Boulevard music products, such as, but not limited to, CDs, tapes, and records, sold by Partner to WebTV Network subscribers who have linked from the WebTV Network prior to making a purchase (excluding shipping, handling, database processing fees, and credit card validation fees). In the event Partner offers WebTV Network subscribers multiple payment methods for purchases of Partner products, Partner agrees to evaluate ways to differentiate purchases made by WebTV Network subscribers from all other purchases.
(b) For all other items sold by Partner in Music Boulevard through the WebTV Network and not covered in paragraph (a) above such as but not limited to videos, apparel, memorabilia, and event tickets, Partner will pay to WNI [****] of the net profits of these items. For purposes of this agreement, net profit is defined as the selling price of the item (excluding charges to customers such as shipping, handling, database processing fees, credit card validation fees, pick and packaging fees, and database and music licensing fees) minus the wholesale cost Partner paid for the item. In the event Partner offers WebTV Network subscribers multiple payment methods for purchases of Partner products, Partner agrees to evaluate ways to differentiate purchases made by WebTV Network subscribers from all other purchases. WNI and Partner shall each receive an annual statement of revenues, the calculation of the percentages, payments made and a verification of accuracy from an officer of the other party regarding the revenue share payments and report. Either party may elect to perform an audit of such revenue sharing calculations at its own expense,...