Common use of Guaranteed Minimum Royalties Clause in Contracts

Guaranteed Minimum Royalties. 3.2.1 Notwithstanding the amount of Royalties computed and payable under Paragraph 3.1, the Guaranteed Minimum Royalties to be paid from Licensee to ▇▇▇▇▇ for each Annual Period during the Term shall be as follows: for the First Annual Period, the amount of $ ; for the Second Annual Period, the amount of $ ; and for the Third Annual Period, the amount of $ . 3.2.2 Guaranteed Minimums for each Annual Period shall be paid as follows: