Common use of Minimum Performance Requirements Clause in Contracts

Minimum Performance Requirements. 8.1 The rights granted in clause 7.1 and 7.2 will automatically terminate and the rights in the Play will revert to the Writer at the end of the relevant year if: (a) fewer than 26 performances of the Play (including not more than five previews) are given in the year commencing on the date of the First Performance or any subsequent year starting on the anniversary of the First Performance; or (b) the First Performance is not given within a period of one year from payment of the Acquisition Fee, or in the case of a non-commissioned Play the Total Fee, unless the Theatre extends this period under clause 8.2. 8.2 The Theatre may extend the one year period in clause 8.1(b) for giving the First Performance for up to two successive periods of six months upon payment of the Extension Fee set out in Schedule 3 for each such period. If an extension is required, the Theatre will pay the Extension Fee before expiry of the initial one year period or the first six month extension as relevant. 8.3 Extension Fees shall be deemed fees not advances and shall not be offset against the Royalty.

Minimum Performance Requirements. 8.1 The rights granted in clause 7.1 and 7.2 will automatically terminate and the rights in the Play will revert to the Writer at the end of the relevant year if: (a) fewer than 26 performances of the Play (including not more than five previews) are given in the year commencing on the date of the First Performance or any subsequent year starting on the anniversary of the First Performance; or (b) the First Performance is not given within a period of one year from payment of the Acquisition Fee, or in the case of a nonNon-commissioned Play the Total Fee, unless the Theatre extends this period under clause 8.2. 8.2 The Theatre may extend the one year period in clause 8.1(b) for giving the First Performance for up to two successive periods of six months upon payment of the Extension Fee set out in Schedule 3 for each such period. If an extension is required, the Theatre will pay the Extension Fee before expiry of the initial one year period or the first six month extension as relevant. 8.3 Extension Fees shall be deemed fees not advances and shall not be offset against the Royalty.