Application Revenue definition
Examples of Application Revenue in a sentence
Except for Application Revenue information there is no need for Vendor to provide to RIM any confidential information under this Agreement, and accordingly Vendor acknowledges and agrees that except as expressly set out in this Section 9, despite any confidentiality agreements between Vendor and RIM, RIM has no confidentiality obligations with respect to any information provided by Vendor to RIM under or in relation to this Agreement or the BlackBerry App World.
During the Term of this Agreement Vendor agrees to keep records, in accordance with United States generally accepted accounting principles, relating to the calculation of the Application Revenue Fee.
If any such audit demonstrates that Vendor has underpaid the Application Revenue Fee by at least five percent (5%) and at least two-thousand and five-hundred dollars ($2,500) in a given quarter, Vendor shall immediately pay to RIM the reasonable costs of such audit (but not to exceed ten thousand dollars ($10,000)) and the amount of such underpayment, and RIM shall be entitled to perform such audit two (2) times per calendar year.
Vendor shall pay the Application Revenue Fee in United States dollars by electronic funds transfer as directed by RIM to Vendor in writing.
Vendor shall provide to RIM a monthly report outlining calculation of the Application Revenue Fee for the applicable month in accordance with United States generally accepted accounting principles.
Vendor shall pay to RIM thirty percent (30%) of Application Revenue (which as defined in this Agreement excludes any fees paid by an End User to an MoR to obtain a copy of an Application through an MoR Kiosk) (“Application Revenue Fee”) on a calendar quarterly basis in arrears, payable within thirty (30) days of the end of each calendar quarter.
Other than as part of aggregated data or as required to enforce its rights under this Agreement, or as required by law, RIM will not disclose Application Revenue information to any third party other than Vendor, RIM’s affiliates and their respective professional advisors.