Common use of Fig Funds Clause in Contracts

Fig Funds. Fig shall pay, and Developer agrees to accept, Fig Funds in an amount up to the Maximum Fig Funds, but no less than the Minimum Fig Funds reduced by amounts withheld by Fig pursuant to Section ‎2.1.1. Fig shall only provide Fig Funds during the Term of the Agreement in amounts mutually agreed to by the Parties with respect to a Licensed Game. The final amount of the Fig Funds will be an amount between the Minimum Fig Funds as reduced above and the Maximum Fig Funds, subject to the terms and conditions of this Agreement, as determined in the discretion of Fig. Any Fig Funds not provided toward the development of a Licensed Game will not be provided to the Developer. Payment of the initial amount of Fig Funds shall be made no later than ten (10) business days of the later of (i) date of the close of the Fig Fundraising and (ii) the selection of the first Licensed Game by the Parties. In the event of multiple closings of the Fig Fundraising, whether in one or distinct offerings, subsequent payments shall be made no later than ten (10) business days of the date of each subsequent closing. Developer shall use the Fig Funds solely for the development, marketing, publishing and operation of each of the Licensed Games. Prior to the Release Date of Licensed Game, and where the Developer requests additional sums from Fig, Fig may pay such additional sums, and these shall be treated as Fig Funds not subject to any Maximum Fig Funds limit.

Appears in 7 contracts

Samples: Fig Revenue Sharing Agreement (Fig Publishing, Inc.), Revenue Sharing Agreement (Fig Publishing, Inc.), Revenue Sharing Agreement (Fig Publishing, Inc.)

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Fig Funds. Fig shall pay, and Developer agrees to accept, Fig Funds in an amount up to the Maximum Fig Funds, but no less than the Minimum Fig Funds reduced by amounts withheld by Fig pursuant to Section ‎2.1.12.1.1. Fig shall only provide Fig Funds during the Term of the Agreement in amounts mutually agreed to by the Parties with respect to a Licensed Game. The final amount of the Fig Funds will be an amount between the Minimum Fig Funds as reduced above and the Maximum Fig Funds, subject to the terms and conditions of this Agreement, as determined in the discretion of Fig. Any Fig Funds not provided toward the development of a Licensed Game will not be provided to the Developer. Payment of the initial amount of Fig Funds shall be made no later than ten (10) business days of the later of (i) date of the close of the Fig Fundraising and (ii) the selection of the first Licensed Game by the Parties. In the event of multiple closings of the Fig Fundraising, whether in one or distinct offerings, subsequent payments shall be made no later than ten (10) business days of the date of each subsequent closing. Developer shall use the Fig Funds solely for the development, marketing, publishing and operation of each of the Licensed Games. Prior to the Release Date of Licensed Game, and where the Developer requests additional sums from Fig, Fig may pay such additional sums, and these shall be treated as Fig Funds not subject to any Maximum Fig Funds limit.

Appears in 1 contract

Samples: Fig Revenue Sharing Agreement (Fig Publishing, Inc.)

Fig Funds. Fig shall pay, and Developer Co-Publisher agrees to accept, Fig Funds in an amount up to the Maximum Fig Funds, but no less than the Minimum Fig Funds reduced by amounts withheld by Fig pursuant to Section ‎2.1.12.1.1. Fig shall only provide Fig Funds during the Term of the Agreement in amounts mutually agreed to by the Parties with respect to a Licensed Game. The final amount of the Fig Funds will be an amount between the Minimum Fig Funds as reduced above and the Maximum Fig Funds, subject to the terms and conditions of this Agreement, as determined in the discretion of Fig. Any Fig Funds not provided toward the development of a Licensed Game will not be provided to the DeveloperCo-Publisher. Payment of the initial amount of Fig Funds shall be made no later than ten (10) business days of the later of (i) date of the close of the Fig Fundraising and (ii) the selection of the first Licensed Game by the Parties. In the event of multiple closings of the Fig Fundraising, whether in one or distinct offerings, subsequent payments shall be made no later than ten (10) business days of the date of each subsequent closing. Developer Co-Publisher shall use the Fig Funds solely for the development, marketing, publishing and operation of each of the Licensed Games. Prior to the Release Date of Licensed Game, and where the Developer Co-Publisher requests additional sums from Fig, Fig may pay such additional sums, and these shall be treated as Fig Funds not subject to any Maximum Fig Funds limit.

Appears in 1 contract

Samples: Revenue Sharing Agreement (Fig Publishing, Inc.)

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Fig Funds. Fig shall pay, and Developer Xxxxxxxxx agrees to accept, an initial disbursement of Fig Funds in an amount up to the Maximum Fig Funds, but no less than the Minimum Fig Funds reduced by amounts withheld by Fig pursuant to Section ‎2.1.1. Fig shall only provide Fig Funds during the Term of the Agreement in amounts mutually agreed to by the Parties with respect to a Licensed Game2.1.1. The final amount of the Fig Funds will be an amount between the Minimum Fig Funds as reduced above and the Maximum Fig Funds, subject to the terms and conditions of this Agreement, as determined in the discretion of Fig. Any Fig Funds not provided toward the development of a Licensed Game will not be provided to the Developer. Payment of the initial amount of Fig Funds shall be made no later than ten ninety (1090) business days of the later of (i) date of the close of the Fig Fundraising and (ii) the selection of the first Licensed Game by the PartiesFundraising. In the event of multiple closings of the Fig Fundraising, whether in one or distinct offerings, subsequent payments shall be made no later than ten ninety (1090) business days of the date of each subsequent closing. Developer shall use the Fig Funds solely for the development, marketing, publishing and operation of each of the Licensed GamesGame. Prior to the Release Date of Licensed GameDate, and where the Developer requests additional sums from Fig, Fig may pay such additional sums, and these shall be treated as Fig Funds not subject to any Maximum Fig Funds limit. After the initial disbursement of Fig Funds, any additional disbursement of Fig Funds requires Developer’s written consent to be included under this Agreement.

Appears in 1 contract

Samples: Revenue Sharing Agreement (Fig Publishing, Inc.)

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