Revenue Participation definition
Examples of Revenue Participation in a sentence
Notwithstanding any provision in this Agreement to the contrary, the Buyer is only agreeing, on the terms and conditions set forth in this Agreement, to purchase, acquire and accept the Revenue Participation Right and is not assuming any liability or obligation of the Seller of whatever nature, whether presently in existence or arising or asserted hereafter.
It is the intention of the parties hereto that the beneficial interest in and title to the Revenue Participation Right and any “proceeds” (as such term is defined in the UCC) thereof shall not be part of the Seller’s estate in the event of the filing of a petition by or against the Seller under any Bankruptcy Laws.
Specifically, the Employer and the Orchestra Committee must agree upon the costs or categories of direct costs paid by the Employer, consistent with the provisions of Article XXI (Revenue Participation), which may be deducted from the Employer’s gross receipts to determine the net earned revenue that must be shared with Musicians.
Gross Receipts subject to Revenue Participation will not include any statutory license fees for digital transmissions, required pursuant to 17 U.S.C. Sec.
For the avoidance of doubt, the Purchasers shall not be required to refund any Revenue Participation Payments.
If the Revenue Participation payment due to any Musician on November 30 for all projects is less than ten dollars ($10.00), the Employer may carry that Musician’s payment forward to successive Accounting Years until the accumulated Revenue Participation payment due that Musician is equal to or greater than ten dollars ($10.00).
The Employer shall calculate the Revenue Participation payments due under A.
The Issuer and each Revenue Participation Holder shall be entitled to conduct the audit within ***** of the Issuer or each Revenue Participation Holder’s notice to conduct the audit.
Revenue Participation payments shall be due to a Musician during his or her lifetime.
Any Revenue Participation Payments or other payments due as a result of any material produced during the term of this Agreement shall continue to be due and payable regardless of the termination or non- renewal of this Agreement.