Licensing Fees definition
Examples of Licensing Fees in a sentence
Provider agrees that The Children’s Trust will have use of copyrighted materials developed under this Contract to the extent provided in, and subject to, the provisions of Sections F: Intellectual Property and Rights to Developed Materials and H: Intellectual Property Licensing Fees and Costs.
Licensor shall have the right, in each calendar year, at its own expense and upon due notice to the Trusts, to have an accountant audit, during normal business hours and at the Trusts' designated place of business, the books and records of each Trust which relate to the determination of the Up Asset Amount and Down Asset Amount, respectively, in order to verify the daily Up Asset Amount and Down Asset Amount on the basis of which the Licensing Fees are paid.
Licensor shall have the right, in each calendar year, at its own expense and upon due notice to Holding Trusts and Tradable Trusts, to have an accountant audit during normal business hours and at Holding Trusts' and Tradable Trusts' designated place of business, the books and records of each Holding Trust and Tradable Trust, which relate to the asset amount of the Trusts, in order to verify the daily Asset Amount of the Trusts based on which the Licensing Fees are paid.
All Licensing Fees shall be subject to the terms and conditions set forth in this Paragraph 3 and in the attached Exhibit B.
The Tradeable Trusts shall pay no royalty directly to Licensor, however the Licenses granted hereunder to each of the Tradeable Trusts are subject to the payment of Licensing Fees by both of the Holding Trusts.