Performance License Fees Clause Samples

The Performance License Fees clause defines the payments required for the right to publicly perform copyrighted works, such as music or theatrical productions. Typically, this clause outlines the amount, timing, and method of payment for these fees, and may specify whether they are a flat rate, percentage of revenue, or based on audience size. Its core function is to ensure that the rights holder is compensated for the use of their work in public performances, thereby clarifying financial obligations and reducing the risk of copyright infringement.
Performance License Fees. In addition to the Hardball Contribution, Hardball shall also pay to the City on or before January 31 of each year for the prior calendar year throughout the Term hereof additional performance license fees in accordance with the following schedule (the “Performance License Fees”): Annual Hardball Events Attendance at all Hardball Events Additional License Fees Payable (per person in excess of 275,000) By way of example, should the Hardball Events Attendance for the calendar year ending December 31, 2015 be 400,000, Hardball would pay the City the sum of One Hundred and Twenty Five Thousand Dollars ($125,000). Should Hardball Events Attendance for such year be 450,000, Hardball would pay the City the sum of One Hundred and Seventy Five Thousand Dollars ($175,000). Should Hardball Events Attendance be 200,000 for such year, Hardball would not owe the City any Performance License Fees for such year. All Performance License Fees will be paid by Hardball to City and deposited by City into the City Maintenance and ImprovementCapital Fund described in Section IV(D).
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Performance License Fees. Hardball shall also pay to the City on or before January 31 of each year for the prior calendar year throughout the Term hereof additional performance license fees in accordance with the following schedule (the “Performance License Fees”): Annual Hardball Events Attendance at all Hardball Events Additional License Fees Payable (per person in excess of 275,000) By way of example, should the Hardball Events Attendance for the calendar year ending December 31, 2009 be 300,000, Hardball would pay the City the sum of Twenty Five Thousand Dollars ($25,000). Should Hardball Events Attendance be 350,000, Hardball would pay the City the sum of Seventy Five Thousand Dollars ($75,000). All revenues from this Performance License Fee will be deposited directly into the City Maintenance Fund described in Section IV(D).
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Performance License Fees. Licensee shall also pay to the City on or before January 31 of each year for the prior calendar year throughout the Term hereof additional performance license fees in accordance with the following schedule (the “Performance License Fees”): Annual Licensee Events* Attendance at all Licensee Events Additional License Fees (per person in excess) 0-240,000 $0.25 240,001+ 300,000 $1.00 300,001+ $2.00 * Specifically excludes City Events. For example, if Licensee Events Attendance is 240,000 in any year, then the Performance License Fee due would be $60,000.00 (240,000 x .25¢). As set forth above, Licensee would pay the City the sum of $1 on all tickets sold above that threshold, so for example, if Licensee Events Attendance reaches 400,000 in any year, Licensee would owe the City in that year $60,000.00 (for the first 240,000 in Licensee Events Attendance), plus an additional $59,999 (for the second threshold; 59,999 x $1) and $199,998 (for the third threshold; 99,999 x $2), creating a total amount due of $319,997.00.
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Related to Performance License Fees

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof. (17) Sections 2.05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following:

  • Sublicense Fees Licensee will pay Sublicense Fees indicated in Section 3.1(e) of the Patent & Technology License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

  • Milestone Fees Licensee will pay Milestone Fees indicated in Section 3.1(b) of the Patent & Technology License Agreement by the Quarterly Payment Deadline for the Contract Quarter in which the milestone events set forth in Section 3.1(b) of the Patent & Technology License Agreement are achieved.

  • License Fees and Royalties Consistent with the applicable U.S. DOT Common Rules, the Recipient agrees that license fees and royalties for patents, patent applications, and inventions produced with federal assistance provided through the Underlying Agreement are program income, and must be used in compliance with federal applicable requirements.

  • Milestone Payments (a) In partial consideration of the License, Company will pay to Penn the applicable milestone payment listed in the table below after the first achievement of each milestone event for each Licensed Product. Company will provide Penn with written notice within [**] days after achieving each milestone. Receipt of IND Approval for a Licensed Product $100,000 (Waived) Initiation of Phase II clinical trial for a Licensed Product $100,000 [**] [**] [**] [**] [**] [**] First calendar year in which Sales exceed $[**] [**] First calendar year in which Net Sales exceed $[**] [**] “Initiation” of a clinical trial means dosing the first patient in such trial in accordance with the trial protocol. For the sake of clarity, Milestone Events are cumulative. Achievement of a Milestone Event with respect to a Licensed Product triggers all prior milestones with respect to such Licensed Product unless previously triggered and paid. (b) Notwithstanding anything in Section 3.4(a) to the contrary, if development of a Licensed Product for a particular indication in the Field of Use ceases (a “Failed Product”), and development of a next Licensed Product for the same indication (“Follow-On Product”) subsequently commences or continues, then any of the Milestone Payments previously made by Company in connection with such Failed Product shall be fully creditable against the repeated achievement of such milestone event by such Follow-On Product to achieve such milestone event. In the event that Company files an IND before December 31, 2006, the Milestone Payment for Receipt of IND Approval will be waived by Penn. In the event that Company files an IND after December 31, 2006, but before July 1, 2007, the payment Milestone Payment for Receipt of IND Approval will be reduced to $[**]. In addition, any License Maintenance Fee paid within the same year that one or more Milestone Payments are due will be creditable toward any applicable Milestone Payment payable with respect to any Licensed Product in the Field of Use within a year after the date on which such License Maintenance Fee payment was due. (c) The Milestone Payments set forth in this Section 3.4 shall be payable upon achievement of the corresponding milestone event by Company or any of its Affiliates or sublicensees; provided that any such Milestone Payments payable based upon achievement of the corresponding milestone event by a third party sublicensee shall be subtracted from Sublicense Income for purposes of determining the Sublicense Fees payable to Penn pursuant to Section 3.8.