Increases Based on SVOD Standalone Customers Sample Clauses

Increases Based on SVOD Standalone Customers. When the number of SVOD Standalone Customers reaches seven hundred fifty thousand (750,000), the License Fee for each First Run Feature with an Availability Date subsequent to the date such threshold is reached shall be increased by seven and one-half percent (7.5%), and First Run Features during their License Periods as of such date will also be increased by such amount on a pro-rata basis based on how much time remains in such License Periods. Thereafter, the then-applicable License Fee for each First Run Feature shall be compounded by a further seven and one-half percent (7.5%) (pro-rated for First Run Features that have already commenced their License Periods, as set forth above) each time the number of SVOD Standalone Customers increases by two hundred fifty thousand (250,000) (i.e., upon the number of SVOD Standalone Customers, in the aggregate, reaching 1 million, 1.25 million, etc.). In no event shall License Fees be reduced in the event the number of SVOD Standalone Customers declines below any of the foregoing thresholds. For the purpose of illustration, a 2012-release First Run Feature with a North American Box Office of US$50 million and an Availability Date after the number of SVOD Standalone Customers reaches 1 million would have a License Fee of CDN$248,459.38 (i.e., CDN$4300 x 50 x 107.5% x 107.5%). For the avoidance of doubt, following the launch by Licensee of the SVOD Standalone Licensed Service, Licensee shall provide Licensor with quarterly reports regarding the number of SVOD Standalone Customers in accordance with Section 5.6.3 of Schedule A. Upon the achievement of the first threshold of 750,000 SVOD Standalone Customers, Licensee shall provide the abovementioned reports on a monthly (instead of quarterly) basis.
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Increases Based on SVOD Standalone Customers. When the number of SVOD Standalone Customers reaches seven hundred fifty thousand (750,000), the License Fee for each First Run Feature (other than MOWs) with an Availability Date subsequent to the date such threshold is reached shall be increased by seven and one-half percent (7.5%), and First Run Features (other than MOWs) then in the middle of their License Periods as of such date will also be increased by such amount on a pro-rata basis based on how much time remains in such License Periods. Thereafter, the License Fee for each First Run Feature (other than MOWs) shall increase by a further seven and one-half percent (7.5%) each time the number of SVOD Standalone Customers increases by two hundred fifty thousand (250,000) (i.e., upon the number of SVOD Standalone Customers, in the aggregate, reaching 1 million, 1.25 million, etc.).
Sample 1

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