Shared Sponsorship Net Proceeds, Call Sample Clauses

Shared Sponsorship Net Proceeds, Call. In Sponsorship Net Proceeds and Wireless Telephony Net Proceeds. FBC shall account to Fremantle and 19TV with respect to Fremantle’s share of Shared Sponsorship Net Proceeds and Fremantle and 19TV’s share of Call-In Sponsorship Net Proceeds and Wireless Telephony Net Proceeds, if any, on a semi-annual calendar year basis within ninety (90) days following the end of each such semi-annual period provided there are payments due Fremantle and/or 19TV, and such accounting shall be accompanied by payment of Fremantle’s share of Shared Sponsorship Net Proceeds and Fremantle and 19TV’s share of Call-In Sponsorship Net Proceeds and Wireless Telephony Net Proceeds payable for such semi-annual period. During the term of this Agreement, Fremantle and/or 19TV (or their designated certified public accountant(s)) may, at FBC’s principal place of business and at reasonable times during business hours upon reasonable advance, written notice, but no more than once per year, inspect any relevant portions of books and records of FBC relating to Shared Sponsorship Net Proceeds, Call-In Sponsorship Net Proceeds and Wireless Telephony Net Proceeds. Any statement or report submitted to Fremantle and 19TV by FBC hereunder shall be deemed conclusively true, accurate and binding as to all of the items and information contained therein if not disputed in writing by Fremantle and/or 19TV within eighteen (18) months after such statement or report shall have been provided to Fremantle and 19TV, which written notice shall state with specificity the basis of such objection and the transactions concerned. Fremantle and/or 19TV must commence an action in a court of competent jurisdiction within twelve (12) months of the date of such dispute or any claim or cause of action in connection therewith shall be deemed waived.
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