Variety radio directory (1938)

SESAC LICENSE— Continued compositions covered by the license herein granted, but the total number of any compositions which may be under restriction shall at no time exceed ten percent of Licensor's repertory. 5. Licensee hereby agrees to pay to Licensor for this license an annual fee of $ which shall be payable in advance in twelve equal monthly installments of $ on the day of each month for a license period of Five (5) years from. 193 , to 19 . 6. In event that Licensee is in arrears of any monthly payment, as stipulated herein, for more than 30 days, or in event that Licensee is adjudicated bankrupt, or declared, or becomes, insolvent, Licensor has the right to demand payment at once, or file a claim for, the balance of all monthly payments due or to become due under this license, or Licensor may in the alternative cancel this license. 7. The right to broadcast any musical compositions granted under this license extends only to Licensee broadcasting from the station (s) licensed under this agreement or from any other place (s) of origin duly licensed by Licensor, and Licensee may not relay and/or transmit in any manner whatsoever for re-transmission and/or re-broadcasting or otherwise, performances of said musical compositions, to any stations in a hook-up or network, or otherwise, unless such stations have duly procured licenses from Licensor. Nothing herein contained shall be construed as permitting Licensee to grant to others the right to broadcast, televise, reproduce or perform publicly for profit or otherwise, by an means, method or process whatsoever, any of the musical compositions so broadcast, or as permitting any receiver of the broadcast of any musical compositions to publicly rebroadcast, televise, perform or reproduce the same for profit or otherwise, by any means, method or process whatsoever, without first obtaining a written license from Licensor. Licensee shall have no right to perform or otherwise utilize any musical compositions covered under this agreement except as herein specified. 8. If at any time during the term of this agreement the power wattage, location, wave length, or allotted time be changed, or if the call signals or letters of Licensee's station (s) be changed (whether as a consequence of combination, consolidation or merger with any other broadcasting station (s) whatsoever, or otherwise) Licensee shall immediately notify Licensor thereof by United States registered mail and this license shall continue, subject to all the conditions, restrictions and limitations therein, except that the license fee shall thereafter be at the rate charged by Licensor in accordance with its Prevailing Schedule. 9. This agreement is to be and remain in full force and effect until , 19 , and will automatically continue in force thereafter from year to year subject to the right of either party hereto to terminate this agreement on , 19 , or on in any year thereafter by giving written notice of its election so to terminate by United States registered mail to the other party at least ninety days prior to the date fixed for termination. 10. This license is personal to Licensee and is non-assignable, non-transferable, and non-divisible by operation of law, judicial proceedings or sale, devolution, or otherwise; this agreement shall inure to the benefit of and be binding upon Licensor, its successors and assigns. IN WITNESS WHEREOF the parties hereto have caused this agreement to be duly signed and sealed in quadruplicate as of the day and year first above written. SOCIETY OF EUROPEAN STAGE AUTHORS AND COMPOSERS, INC. Licensor By (L. S.) President Licensee | By (L. S.) 190