Common use of UBL Store Clause in Contracts

UBL Store. To the extent any merchandise offered for sale on an Internet on-line store (the "UBL Store") operated by a company affiliated with ADNM (the "UBL Affiliate") is readily available in the Store inventory, ADNM agrees to cause the UBL Affiliate to utilize such inventory to fulfill orders for such merchandise placed on the UBL Store. ADNM shall account to you pursuant to the terms of this Agreement with respect to all such Artist Product sold through the UBL Store, except that ADNM (or the UBL Affiliate) shall purchase such Artist Product for a price equal to [***] of the applicable Gross Artist Product Revenue, rather than the price set forth in paragraph 6(b)(ii) above. Such Artist Product Revenue shall be computed "at the source" (i.e., based upon the amount actually received by the UBL Affiliate, rather than the amount actually received by ADNM), and shall be deemed received by ADNM for purposes of paragraph 6(g) below within 30 days after it is received by the UBL Affiliate. For the avoidance of doubt, no merchandise or other products (including Records) that are obtained by the UBL Affiliate from ---------- [***] Confidential treatment has been requested for the bracketed portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Appears in 2 contracts

Sources: Merchandiser Agreement (Artistdirect Inc), Merchandiser Agreement (Artistdirect Inc)

UBL Store. To the extent any merchandise offered for sale on an Internet on-line store (the "UBL Store") operated by a company affiliated with ADNM (the "UBL Affiliate") is readily available in the Store inventory, ADNM agrees to cause the UBL Affiliate to utilize such inventory to fulfill orders for such merchandise placed on the UBL Store. ADNM shall account to you pursuant to the terms of this Agreement with respect to all such Artist Product sold through the UBL Store, except that ADNM (or the UBL Affiliate) shall purchase such Artist Product for a price equal to [***] of the applicable Gross Artist Product Revenue, rather than the price set forth in paragraph 6(b)(ii) above. Such Artist Product Revenue shall be computed "at the source" (i.e., based upon the amount actually received by the UBL Affiliate, rather than the amount actually received by ADNM[***]), and shall be deemed received by ADNM for purposes of paragraph 6(g) below within 30 days after it is received by the UBL Affiliate. For the avoidance of doubt, no merchandise or other products (including Records) that are obtained by the UBL Affiliate from ---------- [***] Confidential treatment has been requested for the bracketed portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Sources: Merchandiser Agreement (Artistdirect Inc)