Revenue Sharing; Minimum Revenue Sharing. (a) In partial consideration of the licenses and rights granted by PVI to Licensees pursuant to this Agreement, each Licensee shall pay to PVI a royalty consisting of a portion of all such Licensee's Revenues in an amount equal to the greater of (i) Revenues multiplied by the Revenue Sharing Rate, or (ii) all payments made by Advertisers in connection with the insertion of Electronic Images through use of a Unit licensed to such Licensee hereunder (regardless of how such payments are characterized) multiplied by the Revenue Sharing Rate.
Appears in 2 contracts
Samples: Shareholders Agreement (Princeton Video Image Inc), Shareholders Agreement (Princeton Video Image Inc)
Revenue Sharing; Minimum Revenue Sharing. (a) In partial consideration of the licenses and rights granted by PVI to Licensees pursuant to this Agreement, each Licensee shall pay to PVI a royalty consisting of a portion of all such Licensee's Revenues in an amount equal to the greater of (i) Revenues multiplied by the Revenue Sharing Rate, or (ii) all payments made by Advertisers in connection with the insertion of Electronic Images through use of a Unit licensed to such Licensee hereunder (regardless of how such payments are characterized) multiplied by the Revenue Sharing Rate.connection
Appears in 1 contract
Samples: System License Agreement (Princeton Video Image Inc)
Revenue Sharing; Minimum Revenue Sharing. (a) In partial consideration of the licenses and rights granted by PVI to Licensees pursuant to this Restated License Agreement, each Licensee shall pay to PVI a royalty consisting of a portion of all such Licensee's Revenues in an amount equal to the greater of (i) Revenues multiplied by the Revenue Sharing Rate, or (ii) all payments made by Advertisers in connection with the insertion of Electronic Images through use of a Unit licensed to such Licensee hereunder (regardless of how such payments are characterized) multiplied by the Revenue Sharing Rate.
Appears in 1 contract
Samples: System License Agreement (Princeton Video Image Inc)