Common use of Commercial Audio Exploitation Clause in Contracts

Commercial Audio Exploitation. royalty payments shall be accounted for in respect of the six-month periods to 30th June and 31st December following release and the corresponding payments shall be paid to the contracted party no later than three months from the end of the period to which they refer. Unless specifically requested no payments shall be made in respect of any period in which the sum due to each Musician is less than £10 in which case the amount shall be carried forward to the next accounting period. The MU shall have the right to inspect BBC’s financial records not more than once in any calendar year in order to verify the BBC’s gross receipts, deductions made from such gross receipts and the calculation of royalties under this Agreement.

Commercial Audio Exploitation. royalty payments shall be accounted for in respect of the six-six month periods to 30th June and 31st December following release and the corresponding payments shall be paid to the contracted party no later than three months from the end of the period to which they refer. Unless specifically requested no payments shall be made in respect of any period in which the sum due to each Musician is less than £10 in which case the amount shall be carried forward to the next accounting period. The MU shall have the right to inspect BBC’s financial records not more than once in any calendar year in order to verify the BBC’s gross receipts, deductions made from such gross receipts and the calculation of royalties under this Agreement.

Commercial Audio Exploitation. royalty payments shall be accounted for in respect of the six-six month periods to 30th June and 31st December following release and the corresponding payments shall be paid to the contracted party no later than three months from the end of the period to which they refer. Unless specifically requested no payments shall be made in respect of any period in which the sum due to each Musician is less than £10 in which case the amount shall be carried forward to the next accounting period. The MU ISM shall have the right to inspect BBC’s financial records not more than once in any calendar year in order to verify the BBC’s gross receipts, deductions made from such gross receipts and the calculation of royalties under this Agreement.