ROYALTIES, REPORTS AND RECORDS. 6.1 In consideration of the rights and license granted hereunder, LICENSEE agrees to pay to LICENSOR, as a periodic royalty, the amounts according to the table attached at Schedule E. All Tables placed by LICENSEE will pay according to the same royalty rate based on the number of Tables per month as considered as of the first day of each month (the “Count”). Monthly Royalty payments will be computer by taking the determined percentage of the monthly gross table revenue, which is all monthly revenue earned by LICENSEE from only the entire fees paid to the LICENSEE by casinos for their table(s) offering the Game. LICENSEE’s overhead, incidentals, and other costs are not to be deducted or factored into the gross table revenue. Payment by LICENSEE shall be due thirty (30) days after the Count has been completed.
Appears in 9 contracts
Samples: License Agreement (Empire Global Gaming, Inc.), License Agreement (Empire Global Gaming, Inc.), License Agreement (Empire Global Gaming, Inc.)
