Calculation of License Fees Sample Clauses

Calculation of License Fees. 10.3.1 Licensee shall determine each Actual Retail Price. 10.3.2 Licensee shall pay Licensor the License Fees set forth in and determined in accordance with this Section 10.

Calculation of License Fees. In case the Operator avails one or more Bouquet(s) of the Channels (the “Bouquet(s)”, as mentioned in

Calculation of License Fees. 1. If and to the extent you agreed to and are obliged to pay license fees for the use of the Software and/or Services to Hyperganic according to Additional Terms (the “Paid License”), you shall establish and keep accurate records of accounts for the purpose of calculating license fees due including the method of calculating the same. You will by your own record complete and update Hyperganic’s summary statement format on account activity if so requested by Hyperganic. 2. In case of a Paid License, Hyperganic shall be entitled at its own expense to review and audit these accounts and the

Calculation of License Fees. For each calendar semi-annual period during the Term, LICENSEE shall pay SESAC, in advance, a license fee which shall be equal to the greater of (i) the then current Music Multiplier times LICENSEE’s Distribution Revenue, Advertising Revenue and Other Revenue reported in the relevant license fee report and (ii) the then current Semi-Annual Minimum Fee.

Calculation of License Fees. Licensee shall pay the Licensor an amount equal to 5% of the Net Sales attributable to the AeroGarden Products (as defined herein). To the extent the Aerogarden Products are packaged with other goods of Licensor, Net Sales shall be calculated in proportion to standard costs.

Calculation of License Fees. 1. If and to the extent you agreed to and are obliged to pay license fees for the use of the Software and/or Services to Hyperganic according to Additional Terms (the “Paid License”), you shall establish and keep accurate records of accounts for the purpose of calculating license fees due including the method of calculating the same. You will by your own record complete and update Hyperganic’s summary statement format on account activity if so requested by Hyperganic. 2. In case of a Paid License, Hyperganic shall be entitled at its own expense to review and audit these accounts and the respective books and records of you as a licensee of a Paid License for the purpose of auditing the calculation of the license fee, but not more than once in each calendar year. For this purpose, Hyperganic may engage an auditor, tax advisor or accountant being bound to professional secrecy duties who may inspect your records relevant for the calculation. The auditor shall hold such records in strict confidence except to the extent necessary for reporting to Hyperganic and the End User on the accuracy of your account statements, provided, however, that the auditor shall not disclose to Hyperganic any personal data (including the identity) of any customer of the End User. You shall provide the auditor with all information and documents the auditor reasonably requests for the purpose of auditing your account statements. If such an inspection shows that you have understated the license fees due to Hyperganic for any calendar year, you will pay, in addition to the amount due, customary fees and expenses charged by the auditor for such inspection and a surcharge of 25% percent on the amount due.

Calculation of License Fees. The Parties acknowledge and agree that the calculation of the Annual License Fee is based upon the Net Sales of the Licensed Products.

Calculation of License Fees. For the First Contract Year, the Parties shall use annual the Net Sales for the equivalent period during fiscal year 2013 ending March 31, 2013 ("Equivalent 2013 Period Net Sales"), and the Licensee shall pay the Licensor an amount equal to 5% of the increase in Net Sales from the Equivalent 2013 Period Net Sales to the Net Sales for the First Contract Year. For each subsequent Contract Year of the Agreement, the Licensee shall pay the Licensor an amount equal to 5% of the increase in Net Sales from the fiscal year 2013 (Le., April 1,2012 to March 31, 2013) Net Sales, which were $7,330,408, (the "Baseline Net Sales Amount") to the current Contract Year.

Calculation of License Fees. The License Fees payable to FGRS in connection with each Xxxxxxx Project shall equal the *** multiplied by the Relative Value multiplied by ***. For convenience and by way of illustration only, two examples of the License Fee calculation are provided below. (a) Example #1 (Annual Operating Contract). Assuming that Xxxxxxx enters into an annual operating contract for $3 million per year with a *** of 20% ($600,000) and that the Relative Value of the ACJ Processed Products is 50% of the total product value, the License Fee payable to FGRS would be $*** per year and calculated as follows: ------------------------------------------------- ---------------------- --------------------------------------------- *** Relative Value License Fee --- -------------- ----------- ------------------------------------------------- ---------------------- --------------------------------------------- *** *** *** ------------------------------------------------- ---------------------- --------------------------------------------- (b) Example #2 (Lump-Sum Contract). Assuming that Xxxxxxx enters into a lump-sum contract for $50 million with a *** of 15% ($7,500,000) and that the Relative Value of the ACJ Processed Products is 25% of the total product value, the License Fee payable to FGRS would be $*** and calculated as follows: ------------------------------------------------- ---------------------- --------------------------------------------- *** Relative Value License Fee --- -------------- ----------- ------------------------------------------------- ---------------------- --------------------------------------------- *** *** *** ------------------------------------------------- ---------------------- ---------------------------------------------

Calculation of License Fees. As consideration for the sublicense and other rights granted to Sublicensee under this Agreement, Sublicensee shall pay a license fee to Sublicensor within thirty (30) days of the end of each quarter during the Term in an amount equal to the greater of (i) the Minimum License Fee set forth below, or (ii) fifteen percent (15%) of Sublicensee's Net Sales of all Products during the preceding calendar quarter.