LICENSE FEE; PAYMENT. A. LICENSEE shall pay the initial License Fee to SESAC upon execution of this Agreement. Notwithstanding Paragraph 2 above, the initial License Fee payment shall be prorated to reflect payment for the period from the Effective Date through the end of the initial billing period during the Term. B. LICENSEE shall submit subsequent License Fee payments annually in one (1) payment on or before the first day of January, for the billing period of January 1 through December 31 of each calendar year of the Term.
Appears in 4 contracts
Samples: Sesac Music Performance License, Sesac Music Performance License, Sesac Music Performance License
