Guaranteed Minimum Royalty Sample Clauses

Guaranteed Minimum Royalty. Subject to Licensor’s satisfaction of its obligations under Schedule B, Licensee shall pay Licensor a “Guaranteed Minimum Royalty”, payable in quarterly installments (except as set forth below with respect to CP1), in each contract period as follows: (i) Five Hundred Fifty Thousand Dollars ($550,000) in CP1; (ii) One Million One Hundred Thousand Dollars ($1,100,000) in CP2; and (iii) One Million Six Hundred Fifty Thousand Dollars ($1,650,000) in CP3. The Guaranteed Minimum Royalty due to Licensor in connection with CP1 shall be satisfied by the payment of an advance.

Guaranteed Minimum Royalty. In consideration of the license granted hereunder and the other covenants and obligations of Licensor hereunder, Licensee shall pay to Licensor the greater of (A) the Sales Royalty provided by Section 9(A) based on Licensee’s Net Sales during each Sales Year of the Term, or (B) the Guaranteed Minimum Royalty (which are nonrefundable, recoupable advances against certain Sales Royalties) as follows: Sales Year 1 $* Payable as follows: $* as a nonrefundable, recoupable advance against certain Sales Royalties, on or before *, and in five (5) equal installments of $* each payable on the fifteenth day of each month thereafter commencing on * and ending on *. Sales Year 2 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * Sales Year 3 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * Sales Year 4 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * Sales Year 5 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * The Guaranteed Minimum Royalty for the entire Initial Term shall be $*. The Guaranteed Minimum Royalty for each Sales Year during the Initial Term shall be credited only against the Sales Royalty due during the Initial Term, except that to the extent that the Guaranteed Minimum Royalty paid on account of Sales Year 1 exceeds the actual Sales Royalty earned for Sales Year 1 computed on the greater of the Net Sales Minimum or actual Net Sales in Sales Year 1 (the “Sales Year 1 Guaranteed Minimum Royalty Rollover Credit”), such excess shall be credited to the Guaranteed Minimum Royalty due in excess of the actual Sales Royalty earned in Sales Years 2 through 5 of the Initial Term. Sales Year 6 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * Sales Year 7 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * Sales Year 8 $* Payable as follows: *$* due by * *$* due by * *$* due by * *$* due by * The Guaranteed Minimum Royalty for the entire Renewal Term shall be $* . The Guaranteed Minimum Royalty for each Sales Year during the Renewal Term shall be credited only against the Sales Royalty due during the Renewal Term. Notwithstanding the foregoing, on a quarterly basis during the Term, Licensee shall pay to Licensor the greater of an amount equal to the Guaranteed Minimum Royalty (subject to any Sales Year 1 Guaranteed Minimum Royalty Rollover Credit set forth above) or the actual Sales Royalty due on the Net Sales for suc...

Guaranteed Minimum Royalty. Licensee agrees that it will pay guaranteed minimum Royalties in the amount of $15 million per year on a pre-tax basis, only until the exclusive license granted in Section 3.1(b) is terminated under Section 5.2(d) in whole or in part.

Guaranteed Minimum Royalty. Licensee shall, during each Annual Period or portion thereof (calculated on a pro rata basis), pay to Licensor the guaranteed minimum royalties (“GMR”) set forth in Exhibit G. GMR payments shall be payable in quarterly installments in advance on the first day of each quarter during each Annual Period during the Term. In no event shall the GMR for any Annual Period be less than * of the Minimum Sales Level for that Annual Period, except that for the Annual Period ending March 31, 2010, the Guaranteed Minimum Royalty shall be * of the Minimum Sales Level.

Guaranteed Minimum Royalty. First License Period: Sixty Thousand Dollars ($60,000.00) to be paid as follows: $15,000.00 due upon execution of this Agreement by Licensee; $15,000.00 due on or before April 15,1997; $15,000.00 due on or before July 15,1997; $15,000.00 due on or before October 15, 1997. Second License Period (If Renewed): Seventy - Five Thousand Dollars ($75,000.00) to be paid as follows: $18,750.00 due on or before January 15, 1998; $18,750.00 due on or before April 15, 1998; $18,750.00 due on or before July 15, 1998; $18,750.00 due on or before October 15, 1998.

Guaranteed Minimum Royalty. Commencing upon the opening of the first licensed Neighborhood Format location, Licensee shall pay to Licensor a “Guaranteed Minimum Royalty” of Sales Royalties, in the aggregate, equal to (a) two-hundred thousand dollars ($200,000) over the first twenty-four (24) months of the term of this Agreement (payable in monthly installments) and (b) three-hundred thousand dollars ($300,000) per Annual Period (twenty-five thousand dollars ($25,000) payable per month) thereafter, pro-rated for any partial Annual Period.

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Guaranteed Minimum Royalty. In consideration of both the license granted and the services to be performed by Ms. P▇▇▇▇ ▇▇▇▇▇▇ hereunder, Licensee shall pay to Licensor an annual Guaranteed Minimum Royalty during the initial Term of the Agreement of $ * per Annual Period, with payment of 50% for the first Annual Period due upon execution hereof and the balance of the Guaranteed Minimum Royalties payable as specified below: TOTAL ANNUAL ANNUAL PERIOD ANNUAL MIN. ROYALTY DUE GUARANTEED MIN ROYALTY --------------------------- ----------------------- ---------------------- First: Execution to 1/15/07 $ * upon execution; $ * $ * on 7/15/05 Second: 1/16/07 to 1/15/08 1/16/07 $ * Third: 1/16/08 to 1/15/09 1/16/08 $ * Fourth: 1/16/09 to 1/15/10 1/16/09 $ * Fifth: 1/16/10 to 1/15/11 1/16/10 $ * In the event that the Initial Term of this Agreement is extended for an additional five-year term (January 16, 2011 through January 15, 2016, the "Extended Term") the Guaranteed Minimum Royalty for each Annual Period of the Extended Term shall be $ *. The Guaranteed Minimum Royalty payable to Licensor for each Annual Period in the Extended Term shall be payable upfront on January 16th of the beginning of each Annual Period in the Extended Term. For example, the Guaranteed Minimum Royalty payable for the Annual Period from January 16, 2011 through January 15, 2012 shall be payable $ * on January 16, 2011. Subject to the exception in Article 9(C) below, the Guaranteed Minimum Royalty for each Annual Period shall be credited against the Sales Royalty for only the same Annual Period as provided in Article 9 below.

Guaranteed Minimum Royalty. There will be no guaranteed minimum -------------------------- royalty for the period beginning on the effective date of this Agreement and ending on the last day of the first full calendar year thereafter. With respect to each calendar year thereafter during the term and any renewal terms and extensions, Licensee will pay to Licensor a guaranteed minimum royalty equal to 120% of the prior year's guaranteed minimum royalty, with the guaranteed minimum royalty for the first calendar year such minimum royalty is due being equal to $400,000.