Program Fee. The Program Fee, shall be equal to the difference between LICENSEE’s Monthly Blanket License Fee and LICENSEE’s Incidental/Ambient Use Fee, multiplied by the Per Program Multiplier, multiplied by a fraction, the numerator of which shall be “SESAC Revenues” computed as prescribed in Subparagraph 4.A.(2)(a) below, and the denominator of which shall be LICENSEE’s total Revenues Attributable to Non-Network Programs for the month. The mathematical calculation of the Program Fee may be represented as follows: [(Monthly Blanket License Fee – Incidental/Ambient Use Fee)] x Per Program Multiplier x SESAC Revenues Revenues Attributable to Non-Network Programs For purposes of calculating the Program Fee due SESAC hereunder:
Appears in 3 contracts
Sources: Television License Agreement, Television License Agreement, Television License Agreement