Residual Basic Increases Sample Clauses
The 'Residual Basic Increases' clause defines how certain baseline amounts, such as rent or fees, will be periodically adjusted over time, typically to account for inflation or changes in market conditions. In practice, this clause may specify a fixed percentage increase each year or tie adjustments to an external index, ensuring that the payments remain current and fair throughout the contract term. Its core function is to provide a predictable mechanism for increasing payments, thereby protecting the recipient from the eroding effects of inflation and ensuring ongoing financial adequacy.
Residual Basic Increases. Audio-Visual Content Residual Basic Escalator 1st Broadcast % 1st Broadcast % 15 Royalties - General
15.1 The BBC can choose to make royalty payments for any and all Secondary Uses (except Repeat Broadcasts or for Commercial Audio Exploitation) as an alternative to Residual Buy-Out Fees.
15.2 Such royalties shall be:
15.2.1 calculated as the following percentage of the BBC’s gross income received by the BBC, or in the case of co-productions with third-parties, deemed gross receipts. However, in the case of Home Video Exploitation where BBC Worldwide/2Entertain (or other distributor associated with the BBC) or the BBC (including its licensees and assigns) is the distributor certain reasonable deductions as may be agreed with the MU; and
15.2.2 shared between the relevant Musicians, pro-rata according to their Residual Basic.
15.3 Following a royalty payment for a particular Secondary Use, the BBC may not then pay a Residual Buy-Out Fee to terminate royalty payments for the same Secondary Use without the prior consent of the MU.
15.4 Accounting (applicable to all forms of Commercial Exploitation except Home Video Exploitation):
Residual Basic Increases. Audio-Visual Content Residual Basic Escalator 1st Broadcast % 1st Broadcast % 15 Royalties - General
15.1 The BBC can choose to make royalty payments for any and all Secondary Uses (except Repeat Broadcasts or for Commercial Audio Exploitation) as an alternative to Residual Buy-Out Fees.
15.2 Such royalties shall be:
15.2.1 calculated as the following percentage of the BBC’s (as per “Definitions” below) gross income received by the BBC, or in the case of co-productions with third-parties, deemed gross receipts. However, in the case of Home Video Exploitation where BBC Worldwide/2Entertain (or other distributor associated with the BBC) or the BBC (including its licensees and assigns) is the distributor certain reasonable deductions as may be agreed with the MU; and
15.2.2 shared between the relevant Musicians, pro-rata according to their Residual Basic.
15.3 Following a royalty payment for a particular Secondary Use, the BBC may not then pay a Residual Buy-Out Fee to terminate royalty payments for the same Secondary Use without the prior consent of the MU.
Residual Basic Increases. Audio Content