Common use of Licensee Payments Clause in Contracts

Licensee Payments. In the event of termination in accordance with Article 17 above, Licensee shall pay to the Company (a) any Sales Royalty and Sales Fee then owed to it hereunder, (b) all Guaranteed Minimum Royalty and Guaranteed Minimum Fee due and payable and unpaid as of the date of termination, (c) the total Guaranteed Minimum Royalty and Guarantee Minimum Fee remaining unpaid for the balance of the term of this Agreement, and (d) an amount equal to any other actual damages the Company may have suffered on account of such termination or the acts or omissions from which it resulted.

Appears in 4 contracts

Samples: Agreement (Fashion House Holdings Inc), Agreement (Fashion House Holdings Inc), Agreement (Fashion House Holdings Inc)

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Licensee Payments. In the event of termination in accordance with Article 17 14 above, Licensee shall pay to the Company (a) any Sales Royalty and Sales Fee then owed to it hereunder, (b) all Guaranteed Minimum Royalty and Guaranteed Minimum Fee due and payable and unpaid as of the date of termination, (c) the total Guaranteed Minimum Royalty and Guarantee Minimum Fee remaining unpaid for the balance of the term of this Agreement, and (d) an amount equal to any other actual damages the Company may have suffered on account of such termination or the acts or omissions from which it resulted.

Appears in 1 contract

Samples: Agreement (Fashion House Holdings Inc)

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