Common use of Costs; Budget Clause in Contracts

Costs; Budget. If there are any contributions in kind by Licensee or Univision Group to the Co-Produced Content, any determination of “price” or of Univision Group’s or Licensee’s payments for their share of the combined Broadcast rights for the United States and the Territory, as the case may be, shall include the actual cost (and not the fair market value) of such non-monetary contributions. These amounts shall be included and agreed upon, by all parties involved in the co-production of the Co-Produced Content, in a detailed budget for the actual costs of production of each episode of the Co-Produced Content. The budget shall include all above-the-line and below-the-line items customarily included in budgets concerning similar types of programming, as well as the separate fees for the services of key personnel (such as the writer(s), producer(s), director(s), and host(s)) and the aggregate fees of all others rendering services of any kind in connection with such Co-Produced Content.

Appears in 3 contracts

Samples: 2011 Mexico License Agreement, Mexico License Agreement (Univision Holdings, Inc.), Mexico License Agreement (Grupo Televisa, S.A.B.)

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Costs; Budget. If there are any contributions in kind by Licensee or Univision Group Grupo Televisa to the Co-Produced Content, any determination of “price” or of Univision GroupGrupo Televisa’s or Licensee’s payments for their share of the combined Broadcast rights for the United States Mexico and the Territory, as the case may be, shall include the actual cost (and not the fair market value) of such non-monetary contributions. These amounts shall be included and agreed upon, by all parties involved in the co-production of the Co-Produced Content, in a detailed budget for the actual costs of production of each episode of the Co-Produced Content. The budget shall include all above-the-line and below-the-line items customarily included in budgets concerning similar types of programming, as well as the separate fees for the services of key personnel (such as the writer(s), producer(s), director(s), and host(s)) and the aggregate fees of all others rendering services of any kind in connection with such Co-Produced Content.

Appears in 1 contract

Samples: 2011 Program License Agreement (Grupo Televisa, S.A.B.)

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