Allocation of Revenue Sample Clauses
The Allocation of Revenue clause defines how income generated from a particular project, product, or partnership will be distributed among the involved parties. Typically, this clause outlines the specific percentages or formulas used to divide revenue, and may address timing, reporting requirements, or adjustments for expenses. Its core practical function is to ensure transparency and prevent disputes by clearly specifying each party’s share of the revenue, thereby allocating financial rights and responsibilities in advance.
Allocation of Revenue. In order to allocate fairly revenues relating --------------------- to licenses of TSI and Reuters Parties products, services or any other item and the provision of related maintenance and support, such revenues shall be determined in accordance with the following:
(i) The Reuters Parties shall allocate fees fairly as between the TSI Product license and maintenance fees, on the one part, and any Reuters or TFT products, services or any other item, sold in connection with any customer transaction or series of related transactions. Such fair allocation shall be based on a presumption that TSI Product license or maintenance fees have not been discounted at a greater rate (based on standard list price) than any Reuters or TFT products, maintenance, services or any other item, sold in connection with any customer transaction or series of related transactions.
(ii) The Reuters Parties shall not structure any customer transaction or series of transactions with the purpose of reducing the pricing or allocation of TSI Product license or maintenance fees in relation to any such Reuters or TFT products or services or other items. For example, in a transaction that includes TSI Products and Reuters or TFT services, Reuters and TFT shall fairly allocate service fees only for services actually performed and shall not, in connection with the determination of the amount properly allocable to sales of products, deem TSI Product or license fees to have been discounted in a proportionate amount greater than the proportionate amount that such services have been discounted. The provisions of this Section 6.4(i) and (ii) shall apply mutatis mutandis to the allocation of revenues of TSI that are subject to a payment obligation from TSI to any Reuters Party under this Agreement.
Allocation of Revenue. 6.1: Revenue generated by the Foundation shall be used in accordance with the purposes of the Foundation and generally in the following order: 1) operating expenses of the Foundation, 2) reserves of the Foundation as established by its Directors, and 3) charitable and educational student, college and district programs. In all cases, revenues shall be expended or reserved in accordance with, and aligned to the priorities established within Foundation, college and District policies and strategic plans.
Allocation of Revenue. Each party will perform the service(s) and record revenue based upon that party's specific contractual relationships, as follows:
a. AMFS will record revenue based upon administration, fund accounting, transfer agency, telephone servicing, and other contracts associated with third party servicing.
b. ADI will record revenue based upon distribution contracts, which may include dealer commissions and 12b-1 fees collected.
c. AAI will record revenue based upon advisory services only.
d. AFS as the holding company, will maintain all accounts of the subsidiaries. However, no specific expenses are assigned and no revenues are specifically earned by AFS.
Allocation of Revenue. Adimab and Alector shall each be reasonably available to negotiate in good faith the determination of (i) Program Trade Sale Proceeds (in the case of an Alector Change of Control) (ii) Program Transaction Revenue which is Multi-Product Deal Program Transaction Revenue (in the case of a Multi-Product Deal) based on the proportion of the Program Transaction Revenue which is allocable to Licensed Antibodies and Products, and (iii) Program Transaction Revenue which is allocable to Optimized Antibodies and to Program Antibodies/Program Benefitted Antibodies that are not Optimized Antibodies, as provided in the penultimate sentence of Section 4.4 below. If despite good faith efforts the Parties are unable to agree upon such determinations within such [***] period, then Alector may request that a Third Party determine the allocation in accordance with Section 10.2. As part of such negotiation or arbitration, the Parties shall value Combination Products, if applicable, pursuant to the principles set forth in Sections 4.4 and 4.5(d). *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of a confidential treatment request.
Allocation of Revenue. For any month where Monthly Arena Revenue exceeds Monthly Arena Operating Expenses, the difference between Monthly Arena Revenue and Monthly Arena Operating Expenses shall first be allocated to offset contributions by Midwest during the term of this Amendment that exceed fifty percent (50%) of the Monthly Arena Operating Expenses. The remaining Monthly Arena Revenue will be prorated between Midwest and MCDA based on their relative contributions to the Monthly Arena Operating Expenses to date made after the effective date of this Amendment. MCDA’s share of such excess Monthly Arena Revenue will be a credit against future requests by Midwest for MCDA Operating Support.
Allocation of Revenue. Revenue from any Federal or State strike team, assistance by hire, or station coverage will be apportioned according to the cost allocation ratio with a 10% use fee paid to the member owning the responding apparatus. Additional revenue will be apportioned according to the Funds Balance Policy.
Allocation of Revenue. Adimab and Kairos shall each be reasonably available to negotiate in good faith the determination of (i) Program Trade Sale Proceeds (in the case of a Kairos Change of Control) and (ii) Program Transaction Revenue which is Multi-Product Deal Program Transaction Revenue (in the case of a Multi-Product Deal) based on the proportion of the Program Transaction Revenue which is allocable to Licensed Antibodies and Products. If despite good faith efforts the Parties are unable to agree upon such determinations within such [***] day period, then Kairos may request that a Third Party determine such the allocation in accordance with Section 10.2. As part of such negotiation or arbitration, the Parties shall value Combination Products, if applicable, pursuant to the principles set forth in Section 4.5(d).
Allocation of Revenue. Any Revenue from an Alliance Activity will be shared as follows:
(a) Helix shall receive one hundred percent (100%) of all Revenue related to Helix Alliance Assets. Helix shall be responsible for providing operational maintenance, including storage and routine maintenance on the Helix Alliance Assets that are in service, or if not in service, onshore as required to maintain systems in operational readiness.
(b) With respect to any sale of an Alliance Well Access Package to a third party, or a lease of an Alliance Well Access Package to a third party on a “stand alone” basis (i.e., not in connection with the use of a Helix vessel), OneSubsea and Helix shall each retain fifty percent (50%) of all net Revenue related to such sale or lease of such Alliance Well Access Package, as described further in the JEMA.
(c) Schlumberger shall receive one hundred percent (100%) of all Revenue related to the supply of Schlumberger Well Intervention Services.
(d) If an Alliance Activity third-party contract includes an incentivization scheme, the Parties shall agree in writing to an appropriate revenue allocation mechanism prior to undertaking work under the contract.
Allocation of Revenue. Revenue from the Project in excess of expenses shall be divided between the parties with ASQ member unit receiving [insert number]% and Co-Sponsor receiving [insert number]%. Revenue exceeding expenses for the Project shall be distributed by [insert date]. If, after each party has paid the specific expenses attributed to them, and expenses for the Project still exceed revenue, the remaining expenses shall be paid for with the ASQ Section paying [insert number]% and the Co-Sponsor paying [insert number]%. Any modification to the above allocation of expenses and revenues must be in writing and agreed to by both parties. All financial information and books and records pertaining to the Project shall be maintained with [[insert name]] at [insert address]. The authorized representative of either party may inspect and have access to the records upon providing reasonable notice to the other.
Allocation of Revenue. (i) ▇▇▇.▇▇▇ shall pay AIM [Confidential information filed separately with the SEC] of the Net Revenue. ▇▇▇.▇▇▇ shall invoice and collect all Net Revenue. Net Revenue shall be aggregated on a monthly basis, and ▇▇▇.▇▇▇ shall pay AIM [Confidential information filed separately with the SEC] of the Net Revenue within fifteen (15) days of the end of each month. ▇▇▇.▇▇▇ shall complete a Net Revenue Report in the form attached hereto as Schedule "G" for each applicable payment period and shall remit each such report along with each payment due hereunder.
(ii) AIM shall pay ▇▇▇.▇▇▇ [Confidential information filed separately with the SEC] of the Net Promotional Revenue. AIM shall invoice and collect all Net Promotional Revenue. Net Promotional Revenue shall be aggregated on a monthly basis, and AIM shall pay ▇▇▇.▇▇▇ [Confidential information filed separately with the SEC] of the Net Promotional Revenue within fifteen (15) days of the end of each month. AIM shall complete a Net Promotional Revenue Report in the form attached hereto as Schedule "H" for each applicable payment period and shall remit each such report along with each payment due hereunder.
(iii) Notwithstanding the foregoing provisions of Section 4.2 at such time as the AIM stock issued to ▇▇▇.▇▇▇ pursuant to the AIM Stock Agreement of even date herewith (the "AIM Stock") becomes freely trading on a United States exchange satisfactory to ▇▇▇.▇▇▇ in the hands of ▇▇▇.▇▇▇ or its assigns and maintains an aggregate market value of not less than [Confidential information filed separately with the SEC] for a minimum of 30 consecutive trading days on such exchange (as measured by the average trading price of stock traded on each of such trading days), AIM shall become entitled to a [Confidential information filed separately with the SEC] share of future Net Revenue and Net Promotional Revenue until the aggregate of cumulative Net Revenue and Net Promotional Revenue received by AIM from the Effective Date equals [Confidential information filed separately with the SEC] whereupon all such revenues thereafter shall be shared [Confidential information filed separately with the SEC].
(iv) All other gross margin derived by AIM or the Joint Venture from marketing ▇▇▇.▇▇▇ services in the cable and television broadcast network industry in the Territory, including without limitation, from marketing to affinity groups, shall be shared between AIM and ▇▇▇.▇▇▇ on a [Confidential information filed separately with the SEC] bas...