Common use of Minimum Annual Payments Clause in Contracts

Minimum Annual Payments. MATERIA agrees to pay to BC the following non-refundable payments; each such payment to be creditable against the Payments that are due under Section 6.2, below, with respect to the period beginning on the due date of that payment and ending with the day before the due date of the next following payment: Due Date Payment Amount January 1, 2004 [REDACTED] January 1, 2005 [REDACTED] January 1, 2006 and each January 1 thereafter