Minimum Activity Clause Samples

The Minimum Activity clause sets a baseline level of work or operations that a party, typically an operator or contractor, must perform under an agreement. This clause often specifies measurable targets, such as a minimum number of work hours, production units, or project milestones to be achieved within a certain timeframe. By establishing these requirements, the clause ensures that the project progresses at an agreed pace and prevents parties from delaying or neglecting their obligations, thereby protecting the interests of all stakeholders involved.
Minimum Activity. From and after the Effective Date, Monsanto shall conduct [* * *]. (a) Activity Through Year 10. Minimum R&D Activity through the end of Collaboration Year 10 [* * *]. (b) Activity Through Year 12. Minimum R&D Activity through the end of Collaboration Year 12 [* * *].
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Minimum Activity. For purposes of Section 5.10.3 of the Agreement (Minimum Activity), which shall otherwise apply to the Fusarium Funded Project, mutatis mutandis, all Minimum R&D Activity shall be [* * *], Activity Points shall be determined in accordance with Exhibit L.1 attached hereto, and: (a) Activity Through Year 14. Minimum R&D Activity conducted [* * *]; (b) Activity Through Year 16. Minimum R&D Activity conducted [* * *]; (c) Activity Through Year 18. Minimum R&D Activity conducted [* * *].
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Minimum Activity. The Agency will acquire food directly from BRAFB warehouses at least once every 90 days and serve clients at least once per month. A BRAFB Partner Engagement Manager and Branch Manager must be notified if the Agency is aware that it will not be ordering food from BRAFB over an extended period. ____________ (please initial)
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Related to Minimum Activity

  • Minimum Age (a) Members must be at least 14 years of age. (b) If you are under the age of 18 years, prior to being accepted as a Member, you must: Membership Agreement); and

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Eligible expenditure 6.1 Eligible expenditure consists of payments by the Recipient for the Purpose. Eligible expenditure is net of VAT recoverable by the Recipient from HM Revenue & Customs and gross of irrecoverable VAT. 6.2 The Recipient shall account for the Grant on an accruals basis. This requires the cost of goods or services to be recognised when the goods or services are received, rather than when they are paid for.

  • Minimum Amount No prepayment shall be required pursuant to Section 5.2(a)(i) (i) in the case of any Disposition yielding Net Cash Proceeds of less than $1,000,000 in the aggregate and (ii) unless and until the amount at any time of Net Cash Proceeds from Prepayment Events required to be applied at or prior to such time pursuant to such Section and not yet applied at or prior to such time to prepay Term Loans pursuant to such Section exceeds (x) $10,000,000 for a single Prepayment Event or (y) $50,000,000 in the aggregate for all Prepayment Events (other than those which are either under the threshold specified in subclause (i) or over the threshold specified in subclause (ii)(x)) in any one fiscal year, at which time all such Net Cash Proceeds referred to in this subclause (y) with respect to such fiscal year shall be applied as a prepayment in accordance with this Section 5.2.