LICENSE FEE; PAYMENT. Upon the execution of this Agreement, LICENSEE shall pay the initial License Fee to SESAC for the initial License Fee Period, which amount shall be prorated (if applicable) to reflect payment for the period from the Effective Date through the end of such License Fee Period. The License Fee for each License Fee Period thereafter shall be submitted to SESAC on or before the last day of such License Fee Period. If LICENSEE pays the License Fees for an entire calendar year on or before January 31 of such year, the License Fees otherwise payable for such calendar year shall be reduced by fifteen percent (15%).
Appears in 4 contracts
Samples: License Agreement, License Agreement, License Agreement
