Net Revenue Sharing Sample Clauses

Net Revenue Sharing. Ionis and Akcea will share Net Revenue related to each Product according to the Profit/Loss Ratio for such Product. Beginning on the Profit Share Start Date, Net Revenue for inotersen will be included in the Profit/Loss Share for inotersen. Akcea will keep 100% of inotersen Net Sales it earns prior to the Profit Share Start Date. If Akcea earns Sublicense Revenue with respect to inotersen prior to the Profit Share Start Date, then Akcea will pay to Ionis 60% of such Sublicense Revenue within 45 days after the end of the Calendar Quarter in which Akcea earns such Sublicense Revenue. Such payment will be accompanied by a written report detailing the amount of Sublicense Revenue earned and the calculation used by Akcea to determine Ionis’ share of such Sublicense Revenue. Beginning on January 1, 2018, the Parties will share Net Revenue for IONIS-TTR-LRx on a 50/50 basis. All Net Revenue (or any elements of Net Revenue) will be accompanied by a written report detailing the amount of Net Revenue (and details regarding any Net Sales) earned and the calculation used by Akcea to determine Ionis’ share of such Net Revenue. In those situations in which Net Revenue is included in the Profit/Loss Share, the written report will be included as part of the monthly or quarterly report to Ionis under Section 4(c) and (d) of this Schedule 6.4.1, as applicable. To the extent that a payment not explicitly tied to a Product is made under a Sublicense that grants rights both to a Product and one or more other products or to more than one Product (e.g., an upfront payment), then, in either case, Akcea’s board of directors will in good faith determine a pro rata portion of such payment that will be considered Sublicense Revenue with respect to each Product, which pro rata portion will be calculated based on the value of each of the products with respect to which rights are granted under such a Sublicense. If Ionis disagrees with such allocation, then such matter will be resolved by Expedited Arbitration. If Akcea enters into a series of agreements with the same Sublicensee pursuant to which Akcea grants such Sublicensee a Sublicense under at least one of such agreements, then such agreements will be aggregated together and treated as a single Sublicense for purposes of calculating Sublicense Revenue under this Agreement.
AutoNDA by SimpleDocs
Net Revenue Sharing. Both parties shall share net revenues of the CannCodex Sub as described in Exhibit C.
Net Revenue Sharing. Parties agree to share Net Revenues from the operations of the Farm in the following manner:‌ 6.8.1 Within 30 days of the receipt by the City of the annual financial reports identified in Section 7.4, the Parties shall reconcile the amount of Net Revenue from operations for the Operating Year. 6.8.2 Licensee shall be due the first One Hundred Thousand Dollars ($100,000) of Net Revenue. 6.8.3 Parties shall equally split any Net Revenue above One Hundred Thousand Dollars ($100,000).
Net Revenue Sharing a. When digital revenue in a season exceeds two million dollars ($2,000,000) in gross revenue, EMPLOYER agrees to pay ARTISTS twenty percent (20%) Net Revenue share on current contract year streams, up to a maximum of six thousand dollars ($6,000) for each individual ARTIST per contract year. b. For the purpose of this provision, Net Revenue is defined as any and all revenue from monetized digital content in the fiscal year that is received by the EMPLOYER during a given contract year including newly captured works, which shall be calculated from first (1st) unit sold, after EMPLOYER recoups its total direct release costs including all: • Production Costs related to the film capture, film production, and streaming process, such as stage crew, film crew, audio recording, editing, equipment, insurance, safety officers, permits, rent, transportation, and SFB staff for digital content. • Distribution Costs and Fees related to the film capture and streaming process, such as royalties, music rights, advertising, video platform fees, credit card fees, and SFB staff for digital content. • Excluded Costs: It is expressly agreed that the costs of construction used to upgrade the War Memorial Opera House shall not be included in either Production costs or Distribution costs. c. The Net Revenue shared from exploitation of captured material that shall be distributed amongst participants eligible for revenue sharing as set forth in the chart included in paragraph (f) below. Such revenue share payments shall not be subject to dues deductions or pension contributions. The following ARTISTS shall be eligible for revenue sharing: d. The ARTISTS’ Net Revenue share set forth below is in addition to, and not in lieu of, any compensation otherwise due to any ARTIST pursuant to the Basic Agreement, or in any individual agreement with any ARTIST in addition to any overscale or other compensation paid to any ARTIST and will not be used as an offset to such payments. e. In any year in which net revenue is shared, any Guest, Supplemental or Principal Character Artist employed on a weekly or single performance basis who participated in any capture will be paid a one-time only buy-out payment of an additional ten percent (10%) of their total contracted salary for the period of any captures exploited in lieu of such continued participation. f. EMPLOYER will distribute the revenue share to all eligible ARTISTS based on the payment of shares defined in the charts below. In no event shall...
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!