Total Fees Payable definition

Total Fees Payable means the sum of (i) Aggregate Fees paid to Universal and its Affiliates during the period from November 1, 2003 through December 31, 2009, (ii) Aggregate Fees accrued but not yet paid to Universal and its Affiliates during the period from November 1, 2003 through December 31, 2009, and (iii) as an estimate of Aggregate Fees expected to be paid or become payable to Universal and its Affiliates during the period from January 1, 2010 to December 31, 2010, the lesser of (A) Aggregate Fees used in the calculation of the Pipeline Estimate and the Animation Pipeline Estimate for such period and (B) *** times the Aggregate Fees paid to Universal and its Affiliates during the period from December 31, 2008 to December 31, 2009. For purposes of clarification, under this Agreement, (i) if the Preferred shall be converted or exchanged into a debt instrument, the "redemption" amounts and "distributions" required to be paid shall be deemed to mean the principal and interest of such debt instrument, and (ii) in any instance in which Universal has the right to terminate Exhibit A or Exhibit B but the term of that agreement extends automatically (notwithstanding a termination notice) because DW is required to redeem the Preferred together with all accrued and unpaid cash and non-cash distributions and has failed to do so, Universal (but not DW) can voluntarily waive the benefits of such provision and terminate the applicable agreement notwithstanding the failure to redeem (see, e.g., Paragraph XII.3.e.).

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Examples of Total Fees Payable in a sentence

• Code : : : : : : : : : : : : : : : : : : : : : : : : Course fees are required to be paid each year for the duration of the course Total Fees Payable This Year: 8a.

• Provide one of: a) Services Contract (attach) b) Services List (attach) c) Written Description (complete below) Services delivery dates: Between   and   Total Fees Payable by University $   to be allocated to GL #   Grant Name:   ▇▇▇▇▇ ▇▇▇▇▇▇:   The Contractor accepts this Independent Contractor Agreement contingent upon approval by the University and acknowledges that the terms of this Agreement include the provisions set out on Page 3 of this document.

• Universal shall have the right, at its sole option, to extend the Term of both of Exhibit A and Exhibit B by written notice to DW delivered on or after January 2, 2010 and prior to February 1, 2010 to (x) December 31, 2011, if Total Fees Payable (as defined below) to Universal are *** or (y) December 31, 2012 if Total Fees Payable after the Restatement Effective Date are ***.

• Total Fees Payable for Initial Term: 0.00 Cancellation Fee For administrative costs incurred as a result of the cancellation of your Membership before the end of the Initial Term.

• Liquidated Damages for delay shall be2% of the Total Fees Payable to the Architect for each week of delay beyond stated completion date of the committed deliverables as stated in ANNEXURE B, subject to a maximum of 10%.