STATEMENTS AND PAYMENTS definition

STATEMENTS AND PAYMENTS. Accounting Period" shall mean each period of three (3) months duration commencing at any time designated by WHVI, and if WHVI does not designate a time then on January 1, April 1, July 1, October 1 of the applicable year, all such periods of time to be consecutive. Within thirty (30) days after the end of an Accounting Period, WHVI shall be sent a statement showing the computation of Gross Receipts and WHVI's Royalty for such Accounting Period on a cumulative basis and WHVI shall be paid any balance due of any amounts payable based thereon for such Accounting Period.
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STATEMENTS AND PAYMENTS. Accounting Period" means each calendar year or other annual period that Producer may from time to time elect. Within 90 days after the end of each accounting period, Participant shall be sent a statement showing the computation of Defined Proceeds for such accounting period and Participant shall be paid his or its share of such Defined Proceeds, if any; provided, however, that Producer may set up reasonable reserves to be applied against anticipated expenses that would be deductible by Producer in computing the Adjusted Gross Receipts and/or Defined Proceeds, which reserves shall be liquidated if not used within a reasonable period. No statement need be sent for any accounting period in which there are no Gross Receipts or for any accounting period after the first five accounting periods unless and until Gross Receipts are sufficient to entitle Participant to payments of Defined Proceeds. All expenses, such as Distribution Expenses and items of Production Cost, incurred in any accounting period that are not recovered from Gross Receipts for the same accounting period may be carried forward or backward to any other accounting period. Any withholding or deduction required by law may be made. Any item in a Distributor's statement that is acceptable to Producer in its business judgement is deemed acceptable to Participant.
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Examples of STATEMENTS AND PAYMENTS in a sentence

  • Section 14.2 If Customer disputes an invoiced amount, Customer shall nevertheless pay the undisputed portion of the invoice on a timely basis, as set forth in Article IV, STATEMENTS AND PAYMENTS.

Related to STATEMENTS AND PAYMENTS

  • Permitted Payments to Parent means, without duplication as to amounts:

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Required Payments means each of the items described in (i) through (xii) of Section 3.4 of the Indenture.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2006 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2006 interim statement of the insurance company.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Unaudited Financial Statements has the meaning set forth in Section 5.14.

  • Restricted Payments as defined in Section 7.6.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • Excluded Payments means (i) indemnity payments paid or payable by Lessee to or in respect of Owner Participant, or Owner Trustee in its individual capacity, their respective Affiliates, successors and permitted assigns and their directors, officers, employees, servants and agents pursuant to Section 9 of the Participation Agreement or any corresponding payments under the Lease, (ii) proceeds of public liability insurance paid or payable as a result of insurance claims made, or losses suffered, by Owner Trustee in its individual capacity or by Owner Participant, that are payable directly to Owner Trustee in its individual capacity, or Owner Participant, respectively, for their own account, (iii) proceeds of insurance maintained with respect to the Aircraft by Owner Participant or any Affiliate thereof for its or their own account or benefit (whether directly or through Owner Trustee) and permitted under Section 11.2 of the Lease, (iv) all payments required to be made under the Tax Indemnity Agreement by Lessee whether or not denominated as Supplemental Rent, (v) any Transaction Expenses paid or payable by the Lessee to the Owner Trustee (to the extent for its sole benefit) or the Owner Participant pursuant to the Lease or the Participation Agreement, (vi) any amount payable to the Owner Participant by any transferee as the purchase price of the Owner Participant's interest in the Trust Estate, (vii) any interest that pursuant to the Operative Agreements may from time to time accrue in respect of any of the amounts described in clauses (i) through (vi) above, (viii) any right to enforce the payment of any amount described in clauses (i) through (vii) above (PROVIDED, that the rights referred to in this clause (viii) shall not be deemed to include the exercise of any remedies provided for in the Lease other than the right to xxx for specific performance of any covenant to make such payment or to xxx for damages in respect of the breach of any such covenant) and (ix) any right to exercise any election or option or make any decision or determination, or to give or receive any notice, consent, waiver or approval, or to take any other action in respect of, but in each case, only to the extent relating to, any Excluded Payments.

  • Quarterly Financial Statements is defined in Section 6.2(a).