Payment of Net DMX Revenues Sample Clauses

Payment of Net DMX Revenues. (a) Net DMX Revenues will be remitted to the Company monthly in arrears for each calendar month. Each monthly payment will be made by the end of the calendar month immediately following the calendar month for which Net DMX Revenues are being remitted. At the time of each payment, the Company will be given a statement setting forth in reasonable detail TCI's calculation of Net DMX Revenues for the month in question. (b) TCI will keep and maintain (or will cause to be kept and maintained) books and records (the "System Books and Records") with respect to revenues from the sale of DMX Services by TCI System Owners, which books and records will be accurate and complete in all material respects. Upon at least 15 Business Days' prior notice and during TCI's normal business hours, the Company (or its authorized employees, agents, accountants and representatives) will have the right, at the expense of the Company, to examine and audit the System Books and Records and such other evidence of the DMX Revenues of the TCI System Owners as the Company may reasonably request to the extent reasonably necessary to verify the accuracy of TCI's calculation of Net DMX Revenues. The rights granted to the Company in this Section 8.3(b) may be exercised not more frequently than once a year and the period as to which such right is exercised will be limited to a period beginning not more than two years before the date such notice is given and ending as of the end of the most recent calendar month for which information regarding DMX Revenues is available. (c) After receipt of a statement setting forth the calculation of the Net DMX Proceeds in accordance with Section 8.3(b), the Company will have two years within which to notify TCI of any disagreement with respect to TCI's calculation of the Net DMX Revenues set forth in that statement, which notice will specify in reasonable detail the basis for such disagreement. (d) If the Company notifies TCI that it agrees with TCI's calculation of Net DMX Revenues for any period, that calculation will be final and conclusive as of the date of delivery of such notification. If the Company fails to provide notice of disagreement with any calculation by TCI of Net DMX Revenues within the two-year period prescribed by Section 8.3(c), TCI's calculation will be final and conclusive as of the end of such period.
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Related to Payment of Net DMX Revenues

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Distributions of Net Cash Flow The Net Cash Flow of the Partnership for each calendar year, shall be distributed to the Partners from time to time, in the discretion of the General Partner, in accordance with the Percentage Interests of the Partners.

  • Distribution Assistance Fees (Asset-Based Sales Charge) Payments In its sole discretion and irrespective of whichever alternative method of making service fee payments to Recipients is selected by the Distributor, in addition the Distributor may make distribution assistance fee payments to a Recipient quarterly, or at such other interval as deemed appropriate by the Distributor, within forty-five (45) days after the end of each calendar quarter or other period, at a rate not to exceed 0.1875% (0.75% on an annual basis) of the average during the period of the aggregate net asset value of Shares computed as of the close of each business day constituting Qualified Holdings owned beneficially or of record by the Recipient or its Customers until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the "Recipient Maximum Holding Period") for making such payments. Distribution assistance fee payments shall be made only to Recipients that are registered with the SEC as a broker-dealer or are exempt from registration. The distribution assistance to be rendered by the Recipients in connection with the sale of Shares may include, but shall not be limited to, the following: distributing sales literature and prospectuses other than those furnished to current Shareholders, providing compensation to and paying expenses of personnel of the Recipient who support the distribution of Shares by the Recipient, and providing such other information and services in connection with the distribution of Shares as the Distributor or the Fund may reasonably request.

  • Subordinated Share of Net Sales Proceeds The Subordinated Share of Net Sales Proceeds shall be payable to the Advisor in an amount equal to 10% of Net Sales Proceeds remaining after the Stockholders have received Distributions equal to the sum of the Stockholders’ 8% Return and 100% of Invested Capital. Following Listing, no Subordinated Share of Net Sales Proceeds will be paid to the Advisor.

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  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

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  • Distribution Assistance Fees (Asset-Based Sales Charge) Within ten (10) days of the end of each month or at such other period as deemed appropriate by the Distributor, the Fund will make payments in the aggregate amount of up to 0.75% on an annual basis of the average during the month of the aggregate net asset value of Shares computed as of the close of each business day (the “Asset-Based Sales Charge”) outstanding until such Shares are redeemed or converted to another class of shares of the Fund, provided, however, that a majority of the Independent Trustees may, but are not obligated to, set a time period (the “Fund Maximum Holding Period”) from time to time for such payments. Such Asset-Based Sales Charge payments received from the Fund will compensate the Distributor for providing distribution assistance in connection with the sale of Shares. The distribution assistance to be rendered by the Distributor in connection with the Shares may include, but shall not be limited to, the following: (i) paying sales commissions to any broker, dealer, bank or other person or entity that sells Shares, and/or paying such persons “Advance Service Fee Payments” (as defined below) in advance of, and/or in amounts greater than, the amount provided for in Section 3(b) of this Agreement; (ii) paying compensation to and expenses of personnel of the Distributor who support distribution of Shares by Recipients; (iii) obtaining financing or providing such financing from its own resources, or from an affiliate, for the interest and other borrowing costs of the Distributor's unreimbursed expenses incurred in rendering distribution assistance and administrative support services to the Fund; and (iv) paying other direct distribution costs, including without limitation the costs of sales literature, advertising and prospectuses (other than those prospectuses furnished to current holders of the Fund's shares ("Shareholders")) and state "blue sky" registration expenses.

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