Clearance Costs definition
Examples of Clearance Costs in a sentence
Accordingly, Licensee shall either (i) pay for such IP Clearance Costs directly or (ii) in the event Licensor and/or Artist pays for any IP Clearance Costs, reimburse Licensor and/or Artist (as applicable) for such IP Clearance Costs within thirty (30) days following receipt of documentation evidencing the same.
For the avoidance of doubt, the Supplier shall ensure that no Third Party Residuals and Clearance Costs arise from the Authority's exercise of the Authority Rights.
Legal Expenses that are Legal Clearance Costs shall be incurred by the Parties according to the relevant Annual Collaboration Plan.
Such Third Party Residuals and Clearance Costs shall be in accordance with the ITV Policy on Underlying Rights and the ITV Policy on Talent Fees (save as otherwise agreed in writing by ITV).
ITV will not be responsible for any Third Party Residuals and Clearance Costs unless complete and accurate details are notified to ITV no later than at the point of Delivery of the final Episode of the Programme and ITV has agreed such Third Party Residuals and Clearance Costs .
Unless otherwise agreed with ITV, the Producer shall undertake the calculation and payment of all applicable Clearance Costs for each applicable use then provide such information to ITV promptly for approval.
The Producer shall be solely responsible for the calculation, payment and distribution of all applicable Clearance Costs and all related administration including tax reporting in respect of any of the rights granted hereunder.
For the avoidance of doubt, all IP Clearance Costs shall be deducted in calculating Net Profits pursuant to paragraph 9 below.
If the aggregate cost of removing any objections made by Purchaser to title or survey (the "Title Clearance Costs") plus the Violation Clearance Costs (as hereinafter defined) shall exceed $15,000 , Seller shall not be required to remove such objections if Seller so advises Purchaser in writing within ten (10) business days of Seller's receipt of Purchaser's notice of objections.