Guaranteed Minimum Fee Clause Samples

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Guaranteed Minimum Fee. At a minimum, in each Contract Year Licensee will pay to Licensor for such Contract Year a guaranteed minimum royalty and Design Service fee (“Guaranteed Minimum Fee” or “GMF”), as set forth below. Other than the First Contract Year, the GMF for each Contract Year shall be paid in equal quarterly installments (each such amount a “Quarterly GMF”), with each Quarterly GMF payment to be made within forty-five (45) days of the end of each of Licensee’s fiscal quarters for such Contract Year. For the First Contract Year, Licensee shall pay Licensor the amount of *** as part of the First Contract Year’s GMF payment, such amount to be payable within five (5) business days of the Licensor notifying Licensee of the Lender Consent, and the rest of the First Contract Year’s GMF in four equal quarterly installments within forty-five (45) days of the end of each of the Licensee’s fiscal quarters for the First Contract Year. No credit shall be permitted against the GMF paid or payable in respect of any Contract Year on account of GMF or Fee paid or payable in respect of any other Contract Year.
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Guaranteed Minimum Fee. The Guaranteed Minimum Fee is based on the number of persons guaranteed by Licensee. It will be charged to Licensee even if fewer persons use the Facility than Licensee guaranteed, or if Licensee terminates this Agreement without using the Facility as agreed. The entire amount of the Guaranteed Minimum Fee will be paid as liquidated damages.
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Guaranteed Minimum Fee. Residential Facilities:
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Guaranteed Minimum Fee 
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Related to Guaranteed Minimum Fee

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5. The Minimum Monthly Rent shall be increased as set forth in Section 1.5 and/or elsewhere in this Lease. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, and before the Commencement Date, Tenant shall pay to Landlord the aggregate of the first month’s Minimum Monthly Rent, the first month’s Monthly Impound Payment (see Section 4.4), and the Security Deposit (see Section 5).

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.