FINANCIAL TERMS. License Fee: The “Flat Fee” is the sum payable to Licensor for the rights licensed to Distributor. The Flat Fee is a minimum sum and no charges of any sort may be deducted from it.
FINANCIAL TERMS. 3.1 The SND shall pay the Theatre a net amount of Euro 14 150,- netto (fourteen thousand one hundred and fifty Euros) for two properly delivered performances, in line with conditions specified by this Agreement. The SND shall pay the aforementioned sum upon an invoice issued by the Theatre. The Parties to the Agreement have agreed that invoice is due 30 days after delivery of the invoice to the SND. The Theatre is entitled to issue the invoice only after properly delivered performances in line with this Agreement and in line with conditions specified by this Agreement. Parties to the Agreement have agreed dohodli, že ak dôjde k riadnemu uskutočneniu len jedného predstavenia, patrí Divadlu odmena vo výške 11 650,- Euro netto (slovom: jedenásťtisíc šesťstopäťdesiat Euro). a v prípade riadneho odohrania obidvoch predstavení, suma vo výške celej odmeny podľa prvej vety tohto bodu Zmluvy.
FINANCIAL TERMS. Should any “Disposition of Revenues” be indicated in para. 7 of the Basic Deal Terms, the following Financial Terms shall apply: In consideration of the rights granted hereunder Licensee shall pay to Licensor a non-refundable minimum guarantee if so indicated in para. 6.1 of the Basic Deal Terms at installments and due dates as indicated in para. 6.2 of the Basic Deal Terms. The Gross Receipts (as defined below) of the Program shall be applied by Licensee in the following order and manner: First - until such time as Licensee has recouped the minimum guarantee - if any - and his distribution expenses according to xxxxx. 6.1 & 8 of the Basic Deal Terms, Licensor’s share shall be 100% of such Gross Receipts. All further expenses incurred within the scope of the distribution and exploitation of the Program shall be borne solely by Licensee from Licensee’s share of Gross Receipts. Second - thereafter, all further receipts shall be applied according to the percentages indicated in para. 7 of the Basic Deal Terms. The term “Gross Receipts” shall mean the aggregate of all gross monies derived by Licensee, its subsidiaries, affiliates, actually received in dealing in, and leasing, licensing, rental, distribution and exploitation of the Program and all rights therein licensed by this agreement in the Territory. In computing such gross monies there shall be no reduction allowed for subsidiaries´, affliates´, sublicensees´ or agents´ fees or commissions of any kind. Licensee may only deduct, to the extent related to such gross monies, all monies to be paid by Licensee, its permitted sub-licensee, and agents as imposts, taxes and like charges, imposed by any government, or taxing authority based upon gross receipts, but not including any income, gross receipts or franchise taxes of Licensee, its sub- Licensee or agents. Amounts payable hereunder shall be paid to Licensor without any deductions (banking charges, transmittal costs, etc.) and in that currency, as Licensor may determine. The rate of exchange shall be the official rate prevailing at noon on the last bank business day of the respective accounting period. Licensee shall - commencing with the day when the Program is first released hereunder according to para. 11 of the Basic Deal Terms - submit to Licensor on a semi-annual basis an itemized statement of account covering the preceding three-month-period on the last working day of each month following such accounting period, which day shall also be the due date ...
FINANCIAL TERMS. (a) License Fee: The "License Fee" is the sum payable to Licensor for the rights licensed to Distributor. The License Fee is a minimum net sum and no taxes or charges of any sort may be deducted from it. The License Fee will be payable whether or not all telecasts for the Picture(s) actually occur.
FINANCIAL TERMS. 3.1 The SND shall pay the Theatre a net amount of Euro 16 470,- Euro netto (sixteen thousand four hundred and seventy Euros).for properly delivered performance, in line with conditions specified by this Agreement. The SND shall pay the aforementioned sum upon an invoice issued by the Theatre. The Parties to the Agreement have agreed that invoice is due 10 days after delivery of the invoice to the SND. The Theatre is entitled to issue the invoice only after properly delivered performance in line with this Agreement and in line with conditions specified by this Agreement. 3.2 SND shall pay the Theatre, pursuant to the concluded Agreement, part of the amount in line with article 3.1 of this Agreement, net amount of 8 690,- Euro netto (eight thousand six hundred ninety Euro) with due date 30 April 2019 at latest. The Theatre must deliver the issued invoice to the SND by the registered mail, only after this Agreement shall enter into forceThe Theatre is aware that when the advance payment is provided and paid in line with this point of the Agreement, part of the re-numeration in line with point 3.1 of this article of the Agreement will be paid lowered by the sum in line with this point of the Agreement. 3.3 The SND shall cover the cost of licence fees and any other cost arising from copyright entitlements of beneficiaries and copyright and other right holders related to execution of a theatrical performance, including royalties, as follows: 18,4 % (in words: eighteen 40/100