Common use of International Distribution Clause in Contracts

International Distribution. Licensor shall determine the territories outside of the Territory in which SNI shall be responsible for licensing and distributing the Events (referred to herein as “SNI International Territories”). For any such SNI International Territories, SNI would be entitled to retain a distribution fee (the “International Distribution Fee”) in an amount equal to fifteen percent (15%) of the “Net International Receipts” (as defined below). For purposes hereof, the term “Net International Receipts” shall mean all revenues actually received by SNI from the Event in the SNI International Territory (after the deduction of all fees and amounts (which fees and amounts shall be negotiated in good faith and on an arm’s-length basis) retained by any agents for, and/or distributors and/or exhibitors of, such Events pursuant to the agreements between SNI and such agents, distributors and/or exhibitors together with the reasonable out-of-pocket costs incurred by SNI in creating and delivering the necessary materials and Events to such SNI International Territories). The terms and conditions of any agreements between SNI and such agents, distributors and/or exhibitors shall be subject to Licensor’s prior approval, not to be unreasonably withheld or delayed. Any amounts remaining after SNI’s International Distribution Fee and permitted deductible costs and expenses shall be remitted to Licensor within thirty (30) days after receipt by SNI or any affiliate of SNI.