Media Credits definition
Examples of Media Credits in a sentence
Royalty Fees owed to Artist(s) shall be tracked and accounted for in Media Credits (“MCs”), wherein One Hundred (100) MCs equal One U.S. Dollar ($1.00), and for clarification, one (1) MC equals One U.S. Cent ($.01).
We do not provide refunds or credits for any partial-month membership periods or unused Media Credits.
Borrower shall deposit with Lender the Prepaid Purchase Order for Media Credit upon the closing of this Agreement, the title to which shall be transferred to Lender upon default of the terms of the Notes in accordance with the Collateral Assignment of Media Credits as set forth above.
The Loan shall be evidenced by a $150,000, 12% Secured Promissory Note in the form annexed hereto as Exhibit "A" (the text of which is hereby incorporated herein by this reference) duly executed by Borrower, and delivered to Lender at the Closing (the "Note"), and secured by a Collateral Assignment of Media Credits in the form annexed hereto as Exhibit "B" (hereby incorporated by reference) and duly executed by Borrower.
In addition, the Company will provide reports regarding its use or sale of the Media Credits in such form as reasonably requested by the Agent and at least on a quarterly basis.
The conveyance documents for the Media Credits and the Media Credits will permit the holder of the Media Credits to purchase media from various Media Companies at a cost not to exceed forty percent (40%) of the Retail Rate Card price.
Media Provider will use its best efforts to negotiate, on behalf of the Company, extended payment terms beyond the normal billing cycle of the Media Company for Media Credits used or sold by the Company.
On the Closing Date, the Media Provider will convey, assign and transfer all right, title and interest without encumbrance of any kind Media Credits representing Fifty Million Dollars ($50,000,000) in Retail Rate Card Media Credits to the Company.
Boldmind shall notify the Customer via the User Account if it is unable to comply with the Customer Instructions due to lack of available Media Sites, whereupon Boldmind shall (at its discretion): (a) offer the Customer alternative Media Sites; and/or (b) credit the User Account with Media Credits to the extent it has been unable to fulfil the Customer Instructions.
The term of the Media Credits will provide for use by the holder thereof for a period of at least eighteen (18) months following the date the specific media represented by the Media Credits are approved and accepted by the Company, and additionally, provided that in the event any of the Media is not utilized within the term, the Media shall be automatically rolled over and extended for a like period, up to a total of ten (10) years from the initial date of issuance.