Payment of revenue. (1) All dues are hereby levied and charged for the use and benefit of the Company and (notwithstanding any other provision of these by‑laws) the owner master and agent of a vessel in respect of or in connection with which any dues are payable shall be jointly and severally liable for such dues.
(2) All dues shall be paid to the Marine Manager but the Company may at any time xxx for and recover the same in any court of competent jurisdiction.
(3) All dues shall be paid before the vessel in respect of or in connection with which they are charged or payable leaves the port, provided that the Company may accept in lieu of payment a written guarantee from the master, owner or agent for the vessel in the form of the First Schedule that the dues will be paid within 14 days after the departure of the vessel from the port.
(4) Unless the Company has accepted such a guarantee in relation to a vessel in connection with which any dues are payable the Marine Manager may detain such vessel until such dues are paid.
Payment of revenue. (1) All dues are hereby levied and charged for the use and benefit of the Company and (notwithstanding any other provision of these by-laws) the owner, master and agent (other than the Company or a related corporation) of a vessel in respect of, or in connection with which, any dues are payable shall be jointly and severally liable to the Company for those dues.
(2) All dues shall be paid to the Company which may at any time xxx for and recover the same in any court of competent jurisdiction.
(3) All dues shall be paid before the vessel in respect of, or in connection with which, they are charged or payable leaves the jetty and berth area, but the Company may accept in lieu of that payment a written guarantee from the master, owner or agent of the vessel in the form set out in Schedule 1 that those dues will be paid within 14 days after the departure of the vessel from the jetty and berth area.
(4) Unless the Company has accepted a guarantee in the form referred to in sub-bylaw (3) in relation to a vessel in respect of, or in connection with which, any dues are charged or payable and unpaid, the Marine Supervisor may detain that vessel until those dues are paid.
Payment of revenue. 12.1. In consideration of the Adviser carrying out their obligations under this Agreement and subject to clause 13, the Adviser shall pay to PIS the amounts detailed in Schedule 3 of this Agreement and shall also reimburse PIS for any GST payable in respect of such payments. PIS shall in turn pay all Revenue received by PIS to the Adviser.
12.2. Payment of Revenue by PIS is conditional upon the following:
a) The receipt by PIS of the Revenue;
b) PIS being satisfied that the payment and receipt of such Revenue is permissible under the Financial Services Laws; and
c) Compliance by the Adviser with all the provisions of this Agreement.
12.3. Revenue payable to the Adviser shall be paid by PIS within fourteen (14) days following receipt of the relevant Revenue statements.
12.4. The Adviser’s entitlement to receive Revenue shall cease upon termination of this Agreement.
12.5. The Adviser acknowledges that the Adviser will be solely responsible for assessing and paying income tax in respect of any Revenue it receives pursuant to this Agreement and must remit all such payments to the Australian Taxation Office or state revenue office as required.
12.6. PIS is not liable or otherwise responsible to deduct from the Revenue or pay any amount in respect of pay- roll tax or any compulsory superannuation or workers’ compensation.
12.7. PIS reserves the right to offset against any Revenue due to the Adviser:
a) Any amount PIS owes as a result of lapse, writeback or loss of Revenue;
b) Any loss suffered by PIS in connection with the Adviser’s breach of this Agreement; and
c) Any other amount owed by the Adviser to PIS.
12.8. All reversals of Revenue or other remuneration occurring after the date of termination of this Agreement will constitute a debt owing by the Adviser to PIS and must be immediately repaid in full by the Adviser and can be offset against any money owing by PIS to the Adviser under this Agreement.
Payment of revenue. Royalty Upon expiration of the Agreement. Upon expiration of the term of this Agreement, Licensee shall as soon as practicable calculate the Simulator Revenue, Merchandise/Food and Beverage Revenue, Sponsor Revenue, Remote Simulator Revenue, Remote Sponsor Revenue, and Miscellaneous Revenue for the partial calendar year ending on the date of such expiration and shall deliver to Licensor an amount equal to Revenue Royalty owed for such partial calendar year less all [***] Revenue Royalty payments previously made by Licensee to Licensor with respect to such partial calendar year; provided, however, that in the event that Licensee overpaid the Revenue Royalty owed for such partial calendar year, such overpayment shall be promptly refunded to Licensee by Licensor.
Payment of revenue. 10.1 The Sub-Adviser and Adviser have entered into a separate agreement for the remuneration of the Sub-Adviser or have otherwise established the basis on which the Sub-Adviser will be remunerated.
10.2 The Adviser and Sub-Adviser acknowledges that any Revenue generated by the Sub-Adviser will be paid to the Adviser by PIS in accordance with the terms and conditions of the Adviser’s Authorised Representative Agreement.
10.3 The Sub-Adviser acknowledges that they shall have no recourse to PIS for the payment of any Revenue.
Payment of revenue. From the date hereof until the end of the JV Term, any Revenue that (1) is paid to any of Intesa, Lazard or the JV Company (each, a “JV Party”) or their respective controlled affiliates and (2) is required to be paid or shared with another JV Party pursuant to this Article III (any such Revenue, “Shared Revenue”) shall be paid as follows:
(a) Within 15 Business Days after the Joint Venture Closing, each JV Party shall pay any Shared Revenue paid to such JV Party from the date hereof until the date of the Joint Venture Closing to the other JV Party that is entitled to such Shared Revenue under this Article III.
(b) Thereafter, within 15 Business Days after any Payment Period, each JV Party shall pay any Shared Revenue paid to such JV Party during such Payment Period to the other JV Party that is entitled to such Shared Revenue pursuant to this Article III.
(c) Any amounts paid hereunder shall be in cash and shall be payable by wire transfer of immediately available funds to an account specified by the JV Party entitled to receive such payment in writing at least 3 Business Days in advance of such payment.
(d) For the purposes of this Agreement, “Payment Period” means the period starting on the Joint Venture Closing and ending on December 31 of the year in which the Joint Venture Closing occurred, the 12-month period starting on January 1 of the next year and ending on December 31 of such year, and each 12-month period thereafter ending on December 31, until the end of the JV Term; provided that in the event that the JV Term ends on a date other than December 31, the term “Payment Period” shall include the period starting from January 1 of the year in which the JV Term ends and ending on the last day of the JV Term.
Payment of revenue. Ticket Central will submit a payment request following the Event (or after the final performance for Events with multiple performances over multiple days). Payment will be in the form of a check written by the University and mailed to the Presenter. The total paid will be all ticket revenue less box office expenses.
