Common use of LICENSE FEES; PAYMENT Clause in Contracts

LICENSE FEES; PAYMENT. a. As consideration for the License granted hereunder and for use and or consumption of Additional Facilities, Licensee shall pay to Licensor a License Fee computed at such rates for such services and facilities as set forth on Exhibit B. Licensee has determined in good faith, and Licensor acknowledges, that Licensee’s estimated use of the Premises and Additional Facilities, and the Estimated Total License Fee will be created by the PAC Facilitator and agreed upon by both parties upon acceptance of the Agreement. b. License Fees shall be payable as follows: i. One-half (50%) of the Estimated Total Fees set forth by the PAC Facilitator shall be paid upon execution of this Agreement. ii. Remaining balance of the Estimated Total Fees for Contract shall be paid at least five (5) business days prior to Licensee’s first performance date set forth on Exhibit A. iii. Any schedule changes in hours or dates must be received ten (10) calendar days before the first performance or a $200-400 administrative fee will be assessed to the Licensee. iv. Upon completion of the event, the Licensor will submit a Final Invoice setting forth, in reasonable detail, the services and facilities actually provided and used hereunder, and the associated License Fees charged thereof, and payment thereon shall be due within seven (7) business days after the date of each invoice. v. Licensee shall thereafter pay, as and when due, the License Fee balance reflected on the final invoice issued by Licensor, it being the intent of the Parties that Licensee shall be liable to pay License Fees based on the actual provision and usage of the Premises and Additional Facilities, and not based on the estimates provided initially by the Estimated Total Fees projection. c. Notwithstanding the foregoing, Licensee shall pay Licensor- designated sound and lighting engineers directly. Licensee shall indemnify and hold Licensor harmless from and against any and all loss, cost, damage or expense (including reasonable attorney’s fees) suffered or incurred by Licensor in connection with any claim, demand, action, suit or proceeding by a Licensor-designated sound or lighting engineer alleging that Licensee has failed to pay such engineer as and when due and owing.