Common use of License Fee Reports Clause in Contracts

License Fee Reports. 5.1 Licensee shall submit a quarterly License Fee Report to Licensor for each quarterly period during the term of this Agreement, by the twentieth day of the following quarter. Licensee and Licensor shall mutually agree upon a form of License Fee Report within sixty (60) days following the date of this Agreement. Such License Fee Report shall provide reasonably detailed information as to the number of Payable Transmissions during such quarterly period and shall be certified to be accurate by an officer of Licensee. 5.2 During the term of this Agreement, Licensee shall provide Licensor with weekly reports, by the tenth day after the end of each week, regarding the sound recordings accessed by Web Sites Users during the preceding week. Such reports shall be in a form to be mutually agreed upon by Licensor and Licensee within sixty (60) days following the date of this Agreement. Such reports shall include information as to use by title; artist; album; label; catalogue number; UPC Code (by December 31, 1999); release date; ISRC code (when available); number of playing dates and times of transmission; duration of sound recording; and such additional information as Licensor reasonably requests; provided that such requests shall not be effective in less than sixty (60) days from the date of the request. In the event Licensee incurs additional actual out-of-pocket costs as a result of furnishing such additional information, such reasonable costs will be deducted from license fees payable for the relevant period(s). 5.3 During the term of this Agreement, Licensee agrees to submit such additional information as may be required under applicable rules and regulations of the Copyright Office, including without limitation 37 C.F.R. Section 201.36.

License Fee Reports. 5.1 Upon entering into this Agreement, Licensor shall submit an initial License Fee Report on the report form attached hereto as Exhibit A, with information as to Gross Revenues received and Operating Expenditures paid in each month during the period between the Effective Date and the last day of the month preceding the date of this Agreement. Such License Fee Report shall be certified to be accurate by an officer of Licensee. 5.2 Licensee shall submit a quarterly monthly License Fee Report to Licensor for each quarterly period month during the term of this Agreement, by the twentieth day of the following quarter. Licensee month, on the report form attached hereto as Exhibit A with information as to Gross Revenues received and Licensor shall mutually agree upon a form of License Fee Report within sixty (60) days following the date of this AgreementOperating Expenditures paid during such month. Such License Fee Report shall provide reasonably detailed information as to the number of Payable Transmissions during such quarterly period and shall be certified to be accurate by an officer of Licensee. 5.2 5.3 During the term of this Agreement, Licensee shall provide Licensor with weekly monthly reports, by the tenth twentieth day after the end of each weekmonth, regarding the sound recordings accessed by Web Sites Site Users during the preceding weekmonth. Such reports shall be in a the form to be mutually agreed upon set forth in Exhibit B and contain the information specified by Licensor and Licensee within sixty (60) days following the date of this AgreementLicensor. Such reports shall include information as to use by title; artist; album; label; catalogue number; UPC Code (by December 31, 1999); release date; ISRC code (when available); number of playing dates and times of transmission; duration of sound recordingsong; and such additional information as Licensor reasonably requests; provided that such requests shall not be effective in less than sixty (60) 60 days from the date of the request. In the event Licensee incurs additional actual out-of-pocket costs as a result of furnishing such additional information, such reasonable costs will be deducted from license fees payable for the relevant period(s). 5.3 5.4 During the term of this Agreement, Licensee agrees to submit such additional information as may be required under applicable rules and regulations of the Copyright Office, including without limitation 37 C.F.R. Section (S) 201.36.