Due and Payable. The License Fees shall be due and payable to Licensor as follows: (i) the Company Guaranteed Minimum License Fee shall be paid ***; and (ii) any overages based on Net Revenue above the Company Guaranteed Minimum License Fee shall be ***. Any necessary adjustments thereto shall be made within thirty (30) days after the Company receives audited financial statements.
Appears in 2 contracts
Sources: Program Supply and Trademark License Agreement (Claxson Interactive Group Inc), Program Supply and Trademark License Agreement (Playboy Enterprises Inc)