Company Guaranteed Minimum License Fee definition

Company Guaranteed Minimum License Fee has the meaning set forth in Section 7.
Company Guaranteed Minimum License Fee means: (x) for the year 2002, three million seven hundred thousand dollars ($3,700,000), of which the pro rated amount for nine calendar months of such year equals two million seven hundred and seventy-five thousand dollars ($2,775,000); (y) for the year 2003, four million dollars ($4,000,000); and (z) for each subsequent twelve (12) month period, the Company Guaranteed Minimum License Fee shall be adjusted each year by any change in the CPI. As used herein, the term "Net Revenue" means gross revenues earned and actually collected, less any applicable withholding taxes, excluding: (I) the PTVLA Channel Distribution Fee (as defined in the Amended Distribution Agreement); (II) amounts paid to the Company by Playboy.com pursuant to Section 5.1 of the First Amended and Restatxx Xxx Xxxx Revenue Share Agreement dated the date hereof among the Company, Playboy.com, Inc., and Claxson Interactive Group Inc.; (III) anx xxxxxxxx from (A) advertising; (B) from the sublicense of any Unbranded Company Format Programming and Unbranded Company Produced Programming; and (C) revenues from the exploitation by the Company of any Alta Loma Program rights acquired by the Company as Licensed Programming pursuant to Section 2.1(g)(1), to the extent that such revenues can be separately identified; (IV) any revenues received by the Company pursuant to that certain Wireless Distribution Agreement dated September 1, 2005 between the Company and Playboy.com, Inc., as amended; (V) any Playboy Lifestyle Net Xxxxxxxx; (VI) the PTVLA Portugal Feed Net Revenues; (VII) amounts paid to the Company from Licensor pursuant to Section 7.8 and (VIII) amount paid to the Company from Licensor pursuant to the Iberia Arrangements as set forth in Section 3.6 of the Company Operating Agreement. As used herein, the term "Playboy Lifestyle Net Revenue" means the gross annual revenues earned and actually collected for the Playboy Lifestyle Business, less any applicable withholding taxes. Notwithstanding the foregoing, in the event this Agreement is terminated or expires, any License Fees owed to Licensor hereunder shall be adjusted on a pro rata basis based on the date of such termination or expiration during such Fiscal Year.
Company Guaranteed Minimum License Fee means: ***. As used herein, the term "Net Revenue" means gross revenues earned and actually collected, less any applicable withholding taxes, excluding: (I) the PTVLA Channel Distribution Fee (as defined in the Amended Distribution Agreement); (II) amounts paid to PTVLA by Playboy.com pursuant to Section 5.1 of the Web Site Revenue Share Xxxxxxxxx xffective as of April 1, 2002 between the Company, Playboy.com, Inc., and Claxson Interactive Group, Inc.; and (III) xxx xxxxxxxs from (A) advertising; (B) from the sublicense of any Unbranded Company Format Programming and Unbranded Company Produced Programming; and (C) revenues from the exploitation by the Company of any Alta Loma Program rights acquired by the Company as Licensed Programming pursuant to Section 2.1(g)(1), to the extent that such revenues can be separately identified. The Company acknowledges that for purposes of the calculation of the License Fee pursuant to the terms of this Section, Net Revenue shall include the net revenue associated with the Venus Channel as of the Effective Date whether or not the transaction contributing the Venus Channel to the Company has closed by the Effective Date. The Company further acknowledges that it may not exploit its right hereunder through a sublicensee in a manner that circumvents the intent of the Parties (e.g., distributing the Company Service through a Permitted Sublicensee). Notwithstanding the foregoing, in the event this Agreement is terminated or expires, any License Fees owed to Licensor hereunder shall be adjusted on a pro rata basis based on the date of such termination or expiration during such Fiscal Year.

Examples of Company Guaranteed Minimum License Fee in a sentence

  • The License Fees shall be due and payable to Licensor as follows: (i) the Company Guaranteed Minimum License Fee shall be paid ***; and (ii) any overages based on Net Revenue above the Company Guaranteed Minimum License Fee shall be ***.

  • The License Fees shall be due and payable to Licensor as follows: (i) the Company Guaranteed Minimum License Fee shall be paid ***; (ii) any overages based on Net Revenue above the Company Guaranteed Minimum License Fee and the Playboy Lifestyle Net Revenue Fee shall be ***.

  • The Company will pay to Licensor each Fiscal Year license fees (the "License Fees") equal to the greater of: (i) seventeen and one-half percent (17.5%) of the aggregate Net Revenue of the Company; or (ii) the Company Guaranteed Minimum License Fee (as described below).

  • The Company will pay to Licensor each Fiscal Year license fees (the “License Fees”) equal to a sum computed as (A) the greater of: (i) seventeen and one-half percent (17.5%) of the aggregate Net Revenue of the Company; or (ii) the Company Guaranteed Minimum License Fee (as described below), plus (B) *** of the aggregate Playboy Lifestyle Net Revenue (as described below)(the “Playboy Lifestyle Net Revenue Fee”).

  • The Company will pay to Licensor each Fiscal Year license fees (the "LICENSE FEES") equal to the greater of: (i) seventeen and one-half percent (17.5%) of the aggregate Net Revenue of the Company; or (ii) the Company Guaranteed Minimum License Fee (as described below).

  • On March 2, 2023, TSEG filed a motion to enforce the arbitrator’s award pursuant to Section 3-227 of the Courts and Judicial Proceedings Article of the Maryland Code.

  • For purposes hereof, “Company Guaranteed Minimum License Fee” means: (x) for the year 2002, three million seven hundred thousand dollars ($3,700,000), of which the pro rated amount for nine calendar months of such year equals two million seven hundred and seventy-five thousand dollars ($2,775,000); (y) for the year 2003, four million dollars ($4,000,000); and (z) for each subsequent twelve (12) month period, the Company Guaranteed Minimum License Fee shall be adjusted each year by any change in the CPI.


More Definitions of Company Guaranteed Minimum License Fee

Company Guaranteed Minimum License Fee is hereby deleted.

Related to Company Guaranteed Minimum License Fee

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Guaranteed Liabilities means: (a) each Borrower’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from any Borrower to any one or more of the Secured Parties, including principal, interest, and fees (including fees and expenses of counsel); (b) each Loan Party’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under the Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under Secured Cash Management Agreements and Secured Hedge Agreements; provided, however, that the Guaranteed Liabilities shall not include any Excluded Swap Obligations. The Guarantors’ obligations to the Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and, with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. Certain of the Guarantors’ Obligations are secured by various Security Instruments referred to in the Credit Agreement, including without limitation the Security Agreement. For purposes of this Guaranty Agreement, the following terms have the following definitions:

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Collaborative pharmacy practice agreement means a written and signed

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Mercury-added product means a product or product component that contains mercury or a mercury compound that was intentionally added;

  • Compounded SOFR means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being established by the Administrative Agent in accordance with:

  • Sales Milestone Payment is defined in Section 5.3.

  • Commercial Supply Agreement has the meaning set forth in Section 6.1.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................