Common use of Administration of Funds Clause in Contracts

Administration of Funds. PlayOn will manage the collection and accounting of all funds received, including the management of refunds. If School produces regular season content on an alternative streaming platform in violation of this Agreement, PlayOn reserves the right to withhold any Revenue Share attributed to School. PlayOn will calculate the funds to be disbursed to School on a quarterly basis on the following dates: October 31st, January 31st, April 30th, and July 31st. Funds will be disbursed to School within 30 days of these dates. Detailed records can be provided for auditing purposes upon request. School must earn a minimum of $50 in aggregate Revenue Share proceeds within a school year to receive a check.

Administration of Funds. PlayOn will manage the collection and accounting of all funds received, including the management of refundsan industry-standard refund process. If School produces regular season content on an alternative streaming platform in violation of this the Agreement, PlayOn NFHS Network reserves the right to withhold any Revenue Share attributed to School. PlayOn will calculate the funds to be disbursed to School on a quarterly basis on the following dates: October 31st, January 31st, April 30th, and July 31st. Funds will be disbursed to School within 30 days of these dates. Detailed records can be provided for auditing purposes upon request. School must earn a minimum of $50 in aggregate Revenue Share subscription proceeds within a school year to receive a check.