Cash Breakeven definition

Cash Breakeven means the first accounting period in which cumulative Gross Receipts equal or exceed the sum of Distribution Costs and Distribution Fees with respect to the applicable work and the direct cost of production of the applicable work, and "Second Cash Breakeven" means the first accounting period in which the cumulative Gross Receipts equal or exceed the sum of Distribution Costs and Distribution Fees computed as if Distribution Fees were [*] with respect to the applicable work and the direct cost of production of the applicable work. If Pixar elects to participate on a passive financial basis with a theatrical motion picture under this provision, it shall not be entitled thereafter to elect to co-finance and produce a subsequent theatrical motion picture or made-for-home video production based upon the same Picture.
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Cash Breakeven as referenced herein shall be defined as the end of the accounting period in which Gross Receipts (as defined in WDPc's Exhibit "NP" and Rider thereto) first equals the aggregate of the following: (a) an "off the top" Distribution Fee in the amount of 10% on all Gross Receipts; (b) all Distribution Costs as set forth in Paragraph IV. of Exhibit "NP"; (c) Accrued Interest as set forth in Paragraph V.C. of Exhibit "NP"; (d) Overhead as set forth in Paragraph V.B. of Exhibit "NP"; and (e) Cost of Production as set forth in Paragraph V.A. of Exhibit "NP".
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Cash Breakeven means the point at which “Contingent Proceeds” are first achieved, but calculated utilizing the applicable distribution fees referred to above. Company makes no representation that the Picture will generate any Contingent Compensation, or any particular amount of Contingent Compensation.
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Examples of Cash Breakeven in a sentence

  • In the event the financier/distributor is not a "major", then the standard and customary definition of "net profits" (or comparable term such as Defined Contingent Proceeds) presently used by ▇▇▇▇ Disney Pictures (utilizing 10%, 12 1/2%, and 15% distribution fees in the manner set forth in the foregoing) shall apply to determine First, Second and Third Cash Breakeven and any obligation by Producer to pay the contingent deferments in respect of an applicable Special Project.

  • If Pixar elects to participate on a passive financial basis, Pixar shall be entitled to a royalty equal to [*] of the Gross Receipts of such made-for-home video production, permanently escalating on a prospective basis to [*] of Gross Receipts at Cash Breakeven.

  • Producer/Stone do not warrant or represent in any way or respect that any Special Project will reach or attain First, Second or Third Cash Breakeven.