Security code acquisition procedure Clause Samples

Security code acquisition procedure. Licensee will notify HBS of the number of Game Cards and Online Virtual Game Cards Licensee desires, together with a breakdown of how much time each card shall credit a User’s account and the corresponding retail value of the card (e.g., 5,000 total cards: 2,000 of which are 5 hour cards with a retail value of x; 3,000 of which are 10 hour cards with a retail value of y). HBS will then prepare and transmit to Licensee an invoice regarding such order. Upon HBS’s receipt of the full amount described on the invoice (in accordance with Section 6 of the Agreement), HBS shall promptly transmit the security codes to the Game Card manufacturer and HBS shall enable those codes in the Localized Server Software. Licensee shall not permit the actual retail Game Card or Online Virtual Game Card price to deviate from that in a corresponding security code request without the Approval of HBS, and in the event such Approval is granted and the retail price is increased, HBS will transmit to Licensee an invoice for the difference due HBS regarding the associated royalty for such Game Cards and Licensee agrees to pay to HBS such invoiced amount in accordance with Section 6 of the Agreement within five (5) days of Licensee’s receipt of the invoice. For purposes of clarification, should Licensee order a number of Game Cards and/or Online Virtual Game Cards whereby the invoice amount to be paid is in excess of the portion of the Minimum Guarantee paid for the applicable Quarter, Licensee shall pay such excess amount to HBS according to the terms of this paragraph 6.