Allocation of Receipts. If any amount received by the Lender is less than the full amount due, the Lender shall have the right to allocate the amount received towards principal, interest and/or other sums owing hereunder as it considers appropriate.
Allocation of Receipts. For the purposes hereof, “Adjusted Gross Proceeds” calculated on an ongoing basis, shall be defined as all monies of any nature (including any minimum guarantees, proceeds from distribution and license agreements and other remuneration of any kind) credited to and actually received by Company (“Gross Proceeds”), in perpetuity, from the exploitation of the Picture and any rights therein anywhere in the world in any media or via any technology now known or hereafter devised (i.e. not to include any amounts contractually entitled to be retained by any unaffiliated distributor, third party producer rep, unaffiliated sales agent, or the like for its own account [each, a “Distributor”] and therefore not actually received by or due to the Company), plus the proceeds of any state film tax incentives, in each case minus only amounts actually paid off-the-top therefrom on a continuing basis for the following (calculated on a direct, third party, out-of-pocket cost basis, without double-counting, and except with respect to (a) - (e), not necessarily in the following order):
Allocation of Receipts. For festival bookings generating a Rental Fee, Company will receive fifty percent (50%) of “Film Rental Net Receipts” (as defined below) and The Film Collaborative’s TFC Festival Agreement • 111822
Allocation of Receipts. If any amount received by the Agent is less than the full amount due, the Agent in consultation with the Lenders shall have the right to allocate the amount received towards principal, interest and/or other sums owing hereunder as it considers appropriate.
Allocation of Receipts. For festival bookings generating a Rental Fee, Company will receive fifty percent (50%) of “Film Rental Net Receipts” (as defined below) and The Film Collaborative’s share will be fifty percent (50%) of Film Rental Net Receipts. “Film Rental Gross Receipts” means all monies and revenues received in association with the film rental for the Picture paid by any film festival, organization, or entity and will include the aggregate of all sums, from all sources and from first dollar, received by The Film Collaborative in connection with the Picture. All prize / award money or other gifts awarded to the Picture are NOT included in Film Rental Gross Receipts and will be directed to Company without any deductions or offset by The Film Collaborative. The term “Film Rental Net Receipts” refers to Film Rental Gross Receipts less only “Recoupable Expenses” (as defined below). “Recoupable TFC Festival Agreement 062820 Expenses” refers to only third-party, verifiable expenses directly associated with the Film Festival Distribution of the Picture and includes only: shipping costs, and lab fees to download, author, duplicate, and repair exhibition copies. Recoupable Expenses may not exceed the sum of five hundred dollars ($500) unless otherwise approved by Company in writing (via email to xxxx@xxxxxxxxxxxxxxxxxxxx.xxx or xxxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx).
Allocation of Receipts. All Deposits received by the Trustee shall constitute principal and be allocated to and separately be accounted for as Trust Principal. Any amounts earned by investments made pursuant to Section 3.3 hereof shall be allocated to Trust Income.
Allocation of Receipts. Subject to Clause 16.8 of this Agreement, if any amount received by the Facility Agent in respect of sums due from the Co-borrowers hereunder is less than the full amount due, the Facility Agent shall allocate the amount received towards sums owing under this Agreement in the following order of priority: (a) fees and expenses owing to the Facility Agent; (b) other expenses and fees owing to the Finance Parties; (c) interest on the Loan and on such interest; (d) principal of the Loan; and (e) other sums owing by the Co-borrowers under the Finance Documents to which it is a party.
Allocation of Receipts. If any amount received by the Facility Agent in respect of sums due from the Borrower hereunder is less than the full amount due, the Facility Agent shall allocate the amount received towards sums owing under this Agreement in the following order of priority: (a) expenses owing to the Facility Agent; (b) other expenses and fees owing to the Offshore Security Agent and the Onshore Security Agent, (c) other expenses and fees owing to the other Finance Parties; (d) interest on the Loan and on such interest; (e) principal of the Loan; and (f) other sums.
Allocation of Receipts. A Financier must allocate payments made by or for the account of a Borrower to the purpose for which the payment was made but after the occurrence of an Event of Default the Financier may allocate such payments towards principal, interest or other money owing under a Transaction Document as it considers appropriate.
Allocation of Receipts. All payments received by the Buyer after the Closing for the license, lease or other use of a Name or in respect of the Shares prior to the Closing shall belong to the Seller and the Buyer shall account for same and promptly remit such payments to the Seller upon receipt. All payments received by the Seller before or after the Closing for the license, lease or other use of a Name or in respect of the Shares after the Closing shall belong to the Buyer, and the Seller shall account for same and promptly remit such payments to the Buyer upon receipt. Any payments made by the Seller prior to the Closing for expenses related to the Portfolio for periods following the Closing shall belong to the Seller and the Buyer shall account for same and promptly remit such payments to the Seller.
