Royalty Base Price definition

Royalty Base Price means the amount specified below ("Gross Royalty Base") applicable to the Phonograph Records concerned, less all excise, purchase, value added, or similar taxes (included in the Royalty Base Price) and less the applicable Container Charge.

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Royalty Base Price means the Suggested Retail List Price less all excise, sales, value added and similar taxes included in the price and less the applicable Container Charge.

Royalty Base Price means the following amounts for the following Phonograph Records: (A) With respect to Phonograph Records (other than Audio-Visual Records) sold in the United States or Canada, the SRLP except as set forth below; and (B) With respect to royalties payable on Net Sales of Phonograph Records in the United States or Canada for which the Royalty Base Price is the SRLP, we shall have the fight, at any time, at our election, to calculate royalties hereunder on the basis of our principal distributor's price (before consideration of any discounts resulting from the distribution of free goods), from time to time, to its customers in the United States of Phonograph Records, in lieu of the SRLP of those Phonograph Records, multiplied by an "uplift." As used in the immediately-preceding sentence, the term "our principal distributor's price" shall mean the lowest wholesale price paid by the largest category of customers to our principal distributor in the United States during the relevant semi-annual accounting period. If we elect to do so, then we shall calculate that uplift" as a fraction, the numerator of which is the SRLP of a Comparable Phonograph Record immediately prior to our discontinuance of retail-based calculations and the denominator of which is our principal distributor's price (before consideration of any discounts resulting from the distribution of free goods) to its customers in the United States of a Comparable Phonograph Record immediately prior to our discontinuance of retail-based calculations. The application of the foregoing provisions of this subparagraph shall not result in a reduction in the amount of royalties otherwise payable to you hereunder on a configuration-by-configuration basis immediately prior to our discontinuance of retail-based calculations. For purposes of this subparagraph, the term "Comparable Phonograph Record" shall mean a Phonograph Record of the same configuration, with the same packaging, and in the same price category as the Phonograph Record in question; and

Examples of Royalty Base Price in a sentence

Net Sales for each Authorized Article shall be computed on no less than Licensee's regular, full, "top-of-the-line" gross wholesale invoice price calculated at source in the Licensed Territory, based upon the usual billing price for items sold in the normal course of business ("Royalty Base Price").
Licensee shall at its own expense furnish to WCW a detailed statement prepared by an independent certified public accountant, or certified to be accurate by a duly authorized official of Licensee, showing the product and style number, description, Net Sales, itemized deductions from Net Sales and Royalty Base Price of the Authorized Articles distributed and/or sold by Licensee to the date of WCW's demand.
Not later than thirty (30) days after the initial shipment of the Authorized Articles and promptly on the 15th day of every month thereafter during the License Period, Licensee shall furnish to WCW's Agent complete and accurate statements (certified to be accurate by Licensee) showing the product and style number, description, unit sales, Royalty Base Price, gross sales and Net Sales of each and every Authorized Article covered by this Agreement.
Notwithstanding anything to the contrary contained in this Agreement, with respect to sales or licenses of Mobile Uses, the royalty rate will be one hundred percent (100%) of Basic U.S. Rate, applied to the applicable Royalty Base Price.
If a different Royalty Base Price applies to such Multiple Record Set, the royalty rate shall be calculated by multiplying the applicable Basic U.S. Rate or applicable Foreign Rate by a fraction, the numerator of which shall be the Royalty Base Price for such Multiple Record Set and the denominator of which shall be the Royalty Base Price applicable to Company's or its Principal Licensee's single Top-Line Record in the same configuration multiplied by the number of Records in the Multiple Record Set.
Royalty Base Price" shall mean the amount specified below ("Gross Royalty Base") applicable to the Phonograph Records concerned, less all excise, purchase, value added, or similar taxes (included in the Royalty Base Price) and less the applicable Container Charge.
Royalties shall be computed by applying the applicable royalty percentage rate specified below in this Article 9 to the applicable Royalty Base Price in respect of the Net Sales of Records described in the paragraph (or subparagraph) concerned, except where such royalties are accrued on a Net Receipts basis for which the provisions of paragraph 14.20 below shall govern.
Notwithstanding anything to the contrary contained in this Agreement, the Royalty Base Price for Mobile Uses will be Label’s or Distributor’s Net Royalty Receipts or the Net Amount Received by Label or Distributor (as applicable) from the Mobile Use concerned.

More Definitions of Royalty Base Price

Royalty Base Price means the Dealer Price of the applicable Records and Audio Visual Devices (or the relevant Equivalent Formats) provided that in respect of Electronic Sales and sales through Mail Order Operations, the Royalty Base Price shall be deemed to be Company’s Receipts in respect of such sales/rental.

Royalty Base Price. The amount specified below ("Gross Royalty Base") applicable to the Record concerned, less the applicable Container Charge, excise taxes, duties and other applicable taxes included within the Gross Royalty Base: (i) With respect to Records sold for distribution in United States, the manufacturer's suggested retail price in the United States. Company may elect, in Company's sole discretion, as of the date of commencement of any accounting period hereunder (the 'New Base Effective Date") to compute royalties for Net Sales of Records (other than Audiovisual Records) in the United States occurring on or after the New Base Effective Date (the "New Base Net Sales") utilizing a Royalty Base Price derived from the Wholesale Price of such Records rather than the manufacturer's suggested retail price of such Records. Should Company elect to do so, the following shall apply in computing royalties for New Base Net Sales: (A) The Gross Royalty Base shall be the Wholesale Price (as defined in subparagraph 24 (hh)) rather than the manufacturer's suggested retail price in the United States. (B) New Basic U.S. Rates shall be determined for Singles, Maxi-Singles. EPs and Albums in each form of Record other than New Technology Configurations not previously released by Company and methods of Cybersales not previously exploited by Company. The new Basic U.S. Rate for Singles, Maxi-Singles, EPs and Albums in a particular form shall be determined by multiplying the existing Basic U.S. Rate for such Records in such form by a fraction, the numerator of which is the manufacturer's suggested retail price in the United States for the majority of such Top Line Records in such form as of the New Base Effective Date, and the denominator of which is the Wholesale Price for the majority of such Top Line Records in such form as of the New Base Effective Date. The New Basic U.S. Rates shall be utilized in lieu of the Basic U.S. Rates to compute royalties for the New Base Net Sales and for no other purpose. Notwithstanding the foregoing, on the date of the New Base Effective Date only, the New Basic U.S. Rates when applied to the New Royalty Base Price shall yield the same dollars-and-cents royalty amounts payable with respect to Records immediately prior to the New Base Effective Date. (C) In computing royalties for New Base Net Sales of New Technology Configurations released prior to the New Base Effective Date, the applicable New Basic U.S. Rate shall be reduced as set forth in subparagra...

Royalty Base Price is defined as no less than Licensee's regular, full, "top-of-the-line", in-territory delivered wholesale price without deduction of any sort whatsoever. (Notwithstanding the foregoing, in the event that Licensee shall be permitted to sell any Licensed Article(s) directly to the consumer, via any means, then the Royalty Base Price with respect to such Licensed Article(s) shall be defined as no less than Licensee's regular, full, "top-of-the-line" in territory delivered retail price without deduction of any sort whatsoever.) Licensee agrees that it shall invoice each Licensed Article sold and shall sell the Licensed Article(s) solely on a cash or credit basis (with credit deemed the same as cash for purposes hereof). Licensee shall not sell and ship Licensed Article(s) "FOB" (freight on board) unless it verifies the actual cost of shipping and insurance and adds such amount to the price before computing and paying the Royalty to Universal or unless a separate Royalty rate is specified in the applicable Schedule. Notwithstanding the foregoing, Universal agrees that, in the event that Licensee's wholesale price of the Licensed Article(s) to any of its customers does not incorporate shipping/freight charges and insurance fees (collectively, "Shipping Costs"), and such Shipping Costs are incurred by Licensee's customers as separately itemized charges, then Licensee shall be permitted to deduct such Shipping Costs from the cost of the Licensed Article(s) prior to computing the Royalties required thereon. Licensee agrees, however, that no such deductions for Shipping Costs shall be permitted for any sales of the Licensed Article(s) to mass market retailers (i.e., Wal-Mart, Target, K-Mart, etc.) for whom Shipping Costs are customarily built into the applicable products' wholesale price. Without limiting the foregoing, Licensee shall not distribute the Licensed Article(s) without charge, on any so-called "barter" basis, as a give-away, by special sale, as a premium of any kind or as a prize or attraction as part of any fund-raiser, in connection with any bundling or sampling arrangement, CONFIDENTIAL TREATMENT REQUESTED BY ROCKFORD CORPORATION contest or lottery without Approval; however, such restriction shall not limit Licensee's right to make available reasonable quantities of the Licensed Article(s) to its dealers and sales representatives for product demonstration purposes at no cost. The amount paid to Universal as a Royalty on any sale to other licensees of a...

Royalty Base Price the amount specified below ("Gross Royalty Base") applicable to the Records concerned, less the taxes included in the Gross Royalty Base and less the applicable Container Charge. "Less the taxes" means less the excise, purchase, value added or similar taxes included in the Gross Royalty Base. (a) WITH RESPECT TO RECORDS (INCLUDING AUDIOVISUAL RECORDS)