Gross Xxxxxxxx definition
Examples of Gross Xxxxxxxx in a sentence
Licensee may deduct from its Gross Xxxxxxxx (i) amounts paid by Licensee as performing rights fees to ASCAP, BMI, or similar performing rights organizations with respect to the Music Services other than those distributed by Recorded Media, and (ii) the amount of any xxxxxxxx that were previously reported to Muzak as part of Licensee's Gross Xxxxxxxx but which, in the month of the deduction, were written off by Licensee as uncollectible in accordance with federal income tax standards of uncollectibility.
Licensee shall submit to Muzak, together with the payments ------- described in Section 6.7, royalty and fees reports, in such detail as Muzak may from time to time reasonably request, accurately reflecting all Gross Xxxxxxxx during the periods to which such payments pertain.
Notwithstanding the foregoing, "Gross Xxxxxxxx" shall not include any amount billed or otherwise charged to a Subscriber by Licensee for (a) the provision of any Music Service on Recorded Media, (b) Music-Related Adjunct Services, or (c) the lease or rental of any Service Delivery Equipment used with Recorded Media.
In all other cases, Muzak's purchase price hereunder shall be the result of multiplying 50% of the Prevailing Adjunct Services Multiple (as hereinafter defined) times the Recurring Adjunct Services Gross Xxxxxxxx attributable to such Contract.
A Contractor with a total reportable Gross Xxxxxxxx in excess of one hundred thousand ($100,000) dollars per year shall submit annually, a report and an opinion by an independent certified public accountant that the Contractor’s records were examined and the quarterly reports were a fair and accurate representation of the Gross Xxxxxxxx and NEF Fees owed the City.