License Extension. The License Term is hereby extended from September 28, 2009 until September 28, 2015 (the “End Date”). The End Date shall be automatically extended to September 28, 2017, at no additional cost to S▇▇▇▇▇, if there are no new disputes with respect to the Mir II License between Actoz and S▇▇▇▇▇ from the date of this Agreement until the End Date. In consideration for the rights granted pursuant to the foregoing, Shengqu shall pay to Actoz, an amount of [***]. Shengqu shall wire such amount to Actoz within thirty (30) Business Days after receipt of the Actoz invoice therefore. “Business Day” shall mean any day of the week other than a Saturday or Sunday upon which banks in both the PRC and Korea are open for business.
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Sources: Extension Agreement (Shanda Interactive Entertainment LTD)
License Extension. The License Term is hereby extended from September 28, 2009 until September 28, 2015 (the “End Date”). The End Date shall be automatically extended to September 28, 2017, at no additional cost to S▇▇▇▇▇▇, if there are no new disputes with respect to the Mir II License between Actoz and S▇▇▇▇▇▇ from the date of this Agreement until the End Date. In consideration for the rights granted pursuant to the foregoing, Shengqu shall pay to Actoz, an amount of [***]. Shengqu shall wire such amount to Actoz within thirty (30) Business Days after receipt of the Actoz invoice therefore. “Business Day” shall mean any day of the week other than a Saturday or Sunday upon which banks in both the PRC and Korea are open for business...
Appears in 1 contract
License Extension. The License Term is hereby extended from September 28, 2009 until September 28, 2015 (the “End Date”). The End Date shall be automatically extended to September 28, 2017, at no additional cost to S▇▇▇▇▇▇, if there are no new disputes with respect to the Mir II License between Actoz and S▇▇▇▇▇▇ from the date of this Agreement until the End Date. In consideration for the rights granted pursuant to the foregoing, Shengqu shall pay to Actoz, an amount of [***]Seven Million United States Dollars (US$7,000,000). Shengqu shall wire such amount to Actoz within thirty (30) Business Days after receipt of the Actoz invoice therefore. “Business Day” shall mean any day of the week other than a Saturday or Sunday upon which banks in both the PRC and Korea are open for business...
Appears in 1 contract