Base Payments. User shall pay to Ticketmaster during each year of the term hereof a minimum annual royalty in the amount of $125,000 for the right to use the System and the Xxxx in the Market Area (the “Base Payment”). The Base Payment shall be payable in advance in equal quarterly installments commencing on the Operational Date. All Base Payments shall be made by User directly to Ticketmaster in United States Dollars in the manner designated by Ticketmaster from time to time during the term of this Agreement, which may include wire transfer into a Ticketmaster bank account.
Appears in 3 contracts
Samples: License Agreement (Ticketmaster), License Agreement (Ticketmaster), License Agreement (Ticketmaster)
Base Payments. User shall pay to Ticketmaster during each year of the term hereof a minimum annual royalty in the amount of $125,000 for the right to use the System and the Xxxx in the Market Area (the “"Base Payment”"). The Base Payment shall be payable in advance in equal quarterly installments commencing on the Operational Date. All Base Payments shall be made by User directly to Ticketmaster in United States Dollars in the manner designated by Ticketmaster from time to time during the term of this Agreement, which may include wire transfer into a Ticketmaster bank account.
Appears in 1 contract
Samples: License Agreement (Ticketmaster)