Term Period. The term of employment created herein shall be for an ----------- indefinite period commencing on the execution of this Agreement, unless this Agreement is terminated earlier by either of the parties in accordance with the provisions set out herein. ARTICLE FOUR - COMPENSATION ---------------------------
Term Period. The Term Period commences on the day after the last day of the Revolving Period and ends two years thereafter. Any undrawn portion of the Facility will be canceled at the end of the Revolving Period. Any prepayment during the Term Period will constitute a permanent reduction of the Facility. For greater certainty, the rollover of a B/A or Libor Loan does not constitute a prepayment during the Term Period.
Term Period. There are four (4) Term Periods, each six (6) months long, except for Qualified Televisions, which has a fifth (5th ) Term Period of an additional twenty-four (24) months.
Term Period. Buy Back Amount: **
Term Period. The term of this Contract Offer (Term Period) shall begin on the date the Customer submits a signed Letter of Subscription (LOS) to the Telephone Company (Subscription Date) and expire on June 20, 2016. Each period of twelve (12) months, beginning from the Subscription Date, is referred to as a “Term Year.” As clarification, but not to modify the foregoing sentence, the period from the second anniversary of the Subscription Date through June 20, 2016, shall not be considered a Term Year.
Term Period. The term of this Agreement shall be a two-year period commencing on, February 25, 2022 through February 24, 2024 (hereinafter the “Expiration Date”). This Agreement shall terminate automatically at the expiration date. Notwithstanding this provision, this Agreement may be terminated as provided in I (b) thru I (d) of this Agreement.
Term Period. The Term Period commences on the day after the last day of the Revolving Period and ends two years thereafter. Any underdrawn portion of the Facility will be canceled at the end of the Revolving Period. Any prepayment during the Term Period will constitute
Term Period. During the Term Period as applicable to any Term Loan:
(A) in respect of the first 12 months of such Term Period, subject to the terms of this Agreement, only interest shall be payable;
(B) in respect of the final 24 months of such Term Period, in addition to interest, the remaining unpaid principal amount of such Term Loan in equal monthly instalments equal to 41/6% of the total remaining unpaid principal amount as at the beginning of such Term Period; and
(C) on the Maturity Date, the Borrower shall pay the Lenders the remaining unpaid principal amount of the applicable Term Loan (if any), together with all accrued and unpaid interest thereon and all other amounts payable hereunder.
Term Period. The Term of the Agreement shall run for the duration of the COVID 19 induced lockdown (Level 5 until Level 1) terminating at least 30 Days after the official cancellation of the current state of emergency. The event may not be up for consumption for more than a forty-eight(48) hour period, Territory: World Licensed Repertoire / Agency: All Licensor controlled repertoire (by assignment, mandate, licence, reciprocal agreement or equivalent) including non-controlled repertoire by Agency Agreement. Rights to be Licensed: Mechanical Rights and Performance Rights (Joint Online Licence). Fees and Minima: Definitions “Net Revenue” means the actual gross amounts received by Licensee, Licensees Agents, Subsidiaries or Associated companies, specifically with respect to the Live Streaming Service, which includes revenue derived from: ● license revenue, ● third party subscriptions; ● monies received from signal carriers; and ● advertisement and advertising programmes broadcast or transmitted by Licensee, less any commission not exceeding 15% paid by Licensee to advertising agents and broker during any licence period License Fee Calculation The Licensee will pay to the Licensor the following License Fees 10% of the Net Revenue derived from each subscriber/ ticket sale received for each live stream offered. Or A minimum fee of R2.90 per subscriber or ticket sold, whichever is higher Sales Reports & Payments: Licensee shall send Licensor a report within 15 working days of the end of each month during the Term in a format agreed between Licensor and Licensee (“Usage Report”). Licensor shall generate and share an invoice for any amounts due under this Agreement. Payment to be made within 15 days from receipt of such invoice. Renewal The Agreement may be renewed following good faith negotiations between the parties post the COVID 19 lockdown period. Indemnity Licensor warrants and represents to Licensee that: (i) Licensor is the owner or authorised licensee of the Repertoire Works and is entitled to grant the licences in this Agreement; (ii) The use by Licensee of the Repertoire Works in accordance with this Agreement shall not infringe the rights of any third party; and (iii) Licensor has secured all necessary rights and made all necessary payments, and will make all necessary payments due to any owner or contributor to the Repertoire Works and no further payments shall be payable by Licensee in respect of the rights granted in this Agreement.
Term Period. The Term referenced in this Agreement shall commence upon the Effective Date and shall continue in effect for a period of five years (5) years (the “Term”) unless terminated as otherwise provided herein.
