HOME VIDEO DEVICES Sample Clauses

HOME VIDEO DEVICES. If Home Video Devices of the Picture are distributed by Columbia TriStar Home Video or any other SPC affiliate ("CTHV"), after deduction only of manufacturing costs, any required third party payments (if any), and sales taxes (if any) actually paid by CTHV, and after reasonable provision for reserves against returns and credits (which such reserves shall not exceed 10% of Home Video Gross Revenues and shall be liquidated not less frequently than every 12 months), Licensor shall receive a royalty of twenty-five percent (25%) of Home Video Gross Revenues from the sale or license or other exploitation of Home Video Devices and/or any rights thereto throughout the Territory. (For all Home Video Devices sold or licensed by CTHV for "sell-through," the aforesaid royalty shall be fifteen percent (15%) after the foregoing deductions.) If Home Video Devices of the Picture are distributed by a home video distributor (or subdistributor) other than CTHV (e.g., in Canada), Licensor shall receive a royalty of twenty-five percent (25%) of the Gross Revenues received by SPC in U.S. dollars in the United States from such home video distributor (or subdistributor) from the sale or license of Home Video Devices throughout the Territory. (For all Home Video Devices sold or licensed by such home video distributor (or subdistributor) for "sell-through," the aforesaid royalty shall be fifteen percent (15%).
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