Minimum Guarantee Payment Clause Samples

A Minimum Guarantee Payment clause establishes a baseline amount that one party is obligated to pay another, regardless of actual performance or usage. In practice, this means that even if sales, usage, or other metrics fall short, the payee will still receive at least the agreed minimum sum. This clause provides financial security to the recipient and ensures predictable revenue, addressing the risk of underperformance or fluctuating results.
Minimum Guarantee Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (100,000 USD) as a Minimum Royalty (hereinafter referred to as “the MG Payment”). The MG Payment shall be paid within fourteen (14) business days from the last day of every three months in four equal installments payable, including starting from the Commercial Service of the Game. In case Licensee’s applicable royalty payment to Licensor exceeds the MG payment prior to the Licensee completes the installments of the MG payment, Licensee shall be responsible to pay the royalty payments as stated in Article 5.3.
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Minimum Guarantee Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Three Hundred Thousand United States Dollars (US$300,000) as a Minimum Guarantee Payment (the “MG Payment”) in three instalments as follows: (a) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Commercial Launch Date. (b) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Thirteen (13) months from the Commercial Launch Date. (c) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Twenty Five (25) months from the Commercial Launch Date. The Royalty Payment described in Article 5.3 shall be deemed as fully paid until the accumulated Royalty Payment reaches the amount of the accumulated MG Payment paid to Licensor. For the avoidance of doubt, Licensee shall only pay the balance between the accumulated Royalty Payment and the accumulated MG Payment paid to Licensor if the accumulated Royalty Payment in a specific quarter period goes beyond the accumulated Guarantee Payment paid to Licensor by then.
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Minimum Guarantee Payment. In consideration for the exclusive license granted to The9 for the Games and as a minimum guarantee payment, The9 shall pay Voodoo fifteen million US dollars (15,000,000 USD), divided as follows: - Upfront Payment: within seven (7) days from the Effective Date, The9 shall pay Voodoo three million US Dollars (3,000,000 USD); - First Game Payment: within seven (7) days from the Delivery Date of the first Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not. - Second Game Payment: within seven (7) days from the Delivery Date of the second Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not. - Third Game Payment: within seven (7) days from the Delivery Date of the third Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not.
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Minimum Guarantee Payment. In general, a minimum guarantee pay- ment is an additional payment made at maturity on a debt instrument if the total amount of inflation-adjusted principal paid on the instrument is less than the instrument’s stated principal amount. The amount of the additional payment must be no more than the ex- cess, if any, of the debt instrument’s stated principal amount over the total amount of inflation-adjusted principal paid on the instrument. An additional payment is not a minimum guarantee payment unless the qualified inflation index used to determine the reference index is either the CPI-U or an index designated for this purpose by the Commissioner in the FEDERAL REG- ISTER or the Internal Revenue Bulletin (see § 601.601(d)(2)(ii) of this chapter). See paragraph (f)(4) of this section for the treatment of a minimum guarantee payment.
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Minimum Guarantee Payment. Level Up! shall pay to Gravity a non-refundable, non-recoupable sum of Six Hundred Thousand United States Dollars (US$600,000) (“the MG Payment”) as a Minimum Guarantee Payment to Gravity until the MG Payment is recovered. Level Up! shall begin making the MG Payment to Gravity within fourteen (14) calendar days from the commercialization of the Game in the Territory as follows: (1) USD 600,000 divided into 16(sixteen) equal instalments (2) Each instalment of USD 37,500 to be remitted within Fourteen (14) calendar days from the end of each quarter starting from the Commercial Service Launch Date upon Level Up!’s receipt of written invoice from Gravity for such amount The Copyright Payment described in Section 5.3 shall be recoverable and off-settable against the MG Payment, and shall be deemed as fully paid until the accumulated Copyright Payment calculated pursuant to Section 5.3 exceeds the accumulated MG Payment paid to Gravity. For the avoidance of doubt, Level Up! shall only pay the balance between the accumulated Copyright Payment and the accumulated MG Payment paid to Gravity if the accumulated Copyright Payment at a specific payment date exceeds the accumulated MG Payment that has been paid to Gravity by such payment date.
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Related to Minimum Guarantee Payment

  • Money Back Guarantee If we provide a money back guarantee ("MBG") for your Service, it will begin on your Service Ready Date. During this MBG period you may cancel your Service and receive a full refund of all monthly, one-time and equipment charges paid to Verizon (provided you return all Equipment in good working condition). If you fail to return the Equipment, an unreturned Equipment fee will apply. ETFs will not apply to Service terminated within the MBG period. The MBG does not apply to customers who change between or renew bundle, monthly, term or other pricing plans. The MBG is limited to one per Subscriber per Service type per Service address.

  • Depositor Payment Obligation The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred under the Administration Agreement.

  • The Companys Payment Obligation The Company’s obligation to make the payments and the arrangements provided for herein will be absolute and unconditional, and will not be affected by any circumstances, including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or anyone else. All amounts payable by the Company hereunder will be paid without notice or demand. Each and every payment made hereunder by the Company will be final, and the Company will not seek to recover all or any part of such payment from the Executive or from whomsoever may be entitled thereto, for any reasons whatsoever. The Executive will not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Agreement, and the obtaining of any such other employment will in no event effect any reduction of the Company’s obligations to make the payments and arrangements required to be made under this Agreement, except to the extent provided in Sections 3.3(e) and (f) herein. Notwithstanding anything in this Agreement to the contrary, if Severance Benefits are paid under this Agreement, no severance benefits under any program of the Company, other than benefits described in this Agreement, will be paid to the Executive.

  • Defaulted Amounts; Investor Charge-Offs (a) On each Determination Date, the Servicer shall calculate the Class A Investor Default Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Class A Required Amount for the related Monthly Period exceeds the sum of (x) the amount of Reallocated Principal Collections allocated to Series 2022-2 with respect to such Monthly Period and (y) the amount of Excess Spread and the Excess Finance Charge Collections allocable to Series 2022-2 with respect to such Monthly Period, the Collateral Invested Amount, if any, will be reduced by the amount of such excess, but not by more than the Class A Investor Default Amount for such Distribution Date. In the event that such reduction would cause the Collateral Invested Amount to be a negative number, the Collateral Invested Amount will be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the amount of such reduction, if any, of the Collateral Invested Amount with respect to such Distribution Date. In the event that such reduction would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount shall be reduced to zero, and the Class A Invested Amount shall be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the aggregate amount of the reductions, if any, of the Collateral Invested Amount and the Class B Invested Amount for such Distribution Date (a “Class A Investor Charge-Off”). Class A Investor Charge-Offs shall thereafter be reimbursed and the Class A Invested Amount increased (but not by an amount in excess of the aggregate unreimbursed Class A Investor Charge-Offs) on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available for that purpose pursuant to subsection 4.07(b). References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a Class not be reduced below zero. (b) On each Determination Date, the Servicer shall calculate the Class B Investor Default Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Class B Required Amount for such Distribution Date exceeds the sum of (x) the amount of Excess Spread and Excess Finance Charge Collections allocated to Series 2022-2 with respect to the related Monthly Period which are allocated and available to pay such amount pursuant to subsection 4.07(d) and (y) the Reallocated Principal Collections allocable to the Collateral Interest and not required to pay the Class A Required Amount with respect to such Distribution Date, then the Collateral Invested Amount shall be reduced by the amount of such excess. In the event that such reduction would cause the Collateral Invested Amount to be a negative number, the Collateral Invested Amount shall be reduced to zero, and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class B Investor Default Amount for such Distribution Date over the amount of such reduction, if any, of the Collateral Invested Amount with respect to such Distribution Date (a “Class B Investor Charge-Off”). Class B Investor Charge-Offs shall thereafter be reimbursed and the Class B Invested Amount increased (but not by an amount in excess of the aggregate unreimbursed Class B Investor Charge-Offs) on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available for that purpose pursuant to subsection 4.07(e). References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a Class not be reduced below zero. (c) On each Determination Date, the Servicer shall calculate the Collateral Default Amount. If on any Distribution Date the Collateral Default Amount for the previous Monthly Period exceeds the amount of Excess Spread and Excess Finance Charge Collections allocated to Series 2022-2 with respect to the related Monthly Period which are allocated and available to pay such amount pursuant to subsection 4.07(h), the Collateral Invested Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Invested Amount for such Distribution Date (a “Collateral Charge-Off”). The Collateral Invested Amount will be reimbursed after any reduction pursuant to this Section 4.06 on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available on such Distribution date for that purpose as described under subsection 4.07(i).

  • Performance Bond and Payment Bond The Contractor shall furnish both a performance bond and a payment bond in the exact form set forth in Section 7, (Forms) of these General Conditions.