Common use of Box Office Bonus Clause in Contracts

Box Office Bonus. If the Picture is released as a theatrical motion picture and if the Picture's North American (i.e., the United States and Canada) theatrical box office receipts (as reported in weekly Variety or EDI) reach or exceed Fifteen Million Dollars ($15,000,000) then Company shall pay to Lender the amount of Twenty Five Thousand Dollars ($25,000) and an additional Twenty Five Thousand Dollars ($25,000) thereafter for each Fifteen Million Dollars ($15,000,000) in theatrical box office receipts (as reported in weekly Variety or EDI) reached thereafter. All amounts paid to Lender pursuant to this Paragraph 4.3 shall be applicable against Lender's Net Proceeds Participation.

Box Office Bonus. If the Picture is released as a theatrical motion picture and if the Picture's ’s North American (i.e., the United States and Canada) theatrical box office receipts (as reported in weekly Variety or EDI) reach or exceed Fifteen Million Dollars ($15,000,000) then Company Purchaser shall pay to Lender Seller the amount of Twenty Five Thousand Dollars ($25,000) and an additional Twenty Five Thousand Dollars ($25,000) thereafter for each Fifteen Million Dollars ($15,000,000) in theatrical box office receipts (as reported in weekly Variety or EDI) reached thereafter. All amounts paid to Lender Seller pursuant to this Paragraph 4.3 1.3 shall be applicable against Lender's Seller’s Net Proceeds Participation.