Minimum Guaranteed Payment Sample Clauses
A Minimum Guaranteed Payment clause ensures that a party receives a specified minimum amount of payment, regardless of actual performance or usage levels. This clause typically applies in contracts where payments might otherwise fluctuate, such as licensing, distribution, or service agreements, by setting a baseline amount that must be paid even if sales or usage fall short. Its core practical function is to provide financial security and predictability for the receiving party, mitigating the risk of insufficient compensation due to underperformance or unforeseen circumstances.
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Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable sum of Eight Million United States Dollars (US$8,000,000) (“the MG Payment”) as a Minimum Guaranteed Payment for the Term of this Agreement against the Royalty Payment within the end of year 2006, which date is 31st of December, 2006. The Royalty shall be deemed as fully paid until the accumulated Royalty reaches the amount of the MG Payment. For the avoidance of doubt, no actual Royalty payment shall be required until the accumulated Royalty reaches the amount of the MG Payment.
Minimum Guaranteed Payment. For the second through tenth years of operation, DecoBike shall pay City the greater of the combined Sales and Advertising Commissions or the Minimum Guaranteed Payment (MGP) specified below and adjusted for the size of the fleet, less any credits due. DecoBike shall pay Sales and Advertising Commissions on a quarterly basis as set forth in Sections 9.3 and 9.4, with a reconciliation against the MGP at Contract Year end, as set forth in Section 9.8. Year: Minimum Guaranteed Payment: 2 $ 50,000.00 3 $ 100,000.00 4 $ 100,000.00 5 $ 125,000.00 6 $ 125,000.00 7 $ 150,000.00 8 $ 150,000.00 9 $ 150,000.00 10 $ 175,000.00 TOTAL $ 1,050,000.00 The above-stated MGP assumes and is contingent upon the deployment and operation of 1,800 bikes in the program (equaling a 100% deployment of bikes). In the event less than 1,800 bikes are operating during a specific calendar year, the MGP shall be reduced proportionally by the number of bikes falling below the 100% deployment of 1,800. Conversely, if the number of bikes deployed exceeds 1,800, the MGP shall be increased proportionally. For the purpose of this section, the number of bikes deployed means the number of bikes in the System on the last day of each quarter, averaged for the Contract Year.
Minimum Guaranteed Payment. The Article 5.2 of the Original Agreement shall be amended as the following languages;
Minimum Guaranteed Payment. During the Term, Company shall make a minimum non-refundable guaranteed payment (the "Minimum Guaranteed Payment") of -------------------------- $50,000 per month, commencing on the first day of the month immediately following the Effective Date. Minimum Guaranteed Payments shall be non-refundable, but shall be credited against, and may entirely satisfy, or exceed, actual Additional Fees owing.
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Four Hundred Thousand United States Dollars (US$400,000) as a Minimum Royalty (hereinafter referred to as “the MG Payment”) in eight (8) installments as follows :
(1) USD 50,000: within Fourteen (14) calendar days after the commencement of the the Commercial Service of the Game
(2) USD 50,000: within Fourteen (14) calendar days after the last day of every 3 months from commencement of the Commercial Service of the Game The Royalty Payment described in Section 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 until a specific quarter period goes beyond the accumulated MG Payment paid to Licensor by then.
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Fifty Thousand United States Dollars (USD 50,000) as a Advance Royalty Payment (hereinafter referred to as “the MG Payment”), within 10 working days upon the Commercial Launch Date. The Royalty Payment described in Section 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 until a specific month period goes beyond the accumulated Guarantee Payment paid to Licensor by then.
Minimum Guaranteed Payment. The Article 5.2 in the Original Agreement shall be deleted in its entirety
Minimum Guaranteed Payment. As and for the rights, licenses and services set forth in Paragraphs 2 and 3 above. Company shall pay to M▇▇▇▇▇ the sum of Twenty Five Thousand Dollars ($25,000) as follows: Twelve Thousand Five Hundred Dollars ($12,500) one week prior to the filming of the “host” shoot, and Twelve Thousand Five Hundred Dollars ($12,500) within thirty (30) days following completion of the Shoot.
Minimum Guaranteed Payment. In the event none of the Performance Goals are met, you shall be entitled to receive a payment (fifty percent (50%) in the Fair Market Value of Shares and fifty percent (50%) in cash) equal to twenty percent (20%) of the payment you would have received if the Target Performance Goal had been attained, such payment to be equitably prorated if required by the second paragraph of Paragraph 3.
Minimum Guaranteed Payment. Licensee shall pay Novell minimum, annual, aggregate royalties for the Envoy Application Product and the Leve▇ ▇ ▇▇▇ ▇▇ specified below. If the aggregate royalties owed to Novell pursuant to Sections 12.a, 12.b, 12.c, and 12.d during each Annual Royalty Period of this Agreement amount to less than the Minimum Guaranteed Payment, Licensee agrees to pay Novell the difference within thirty (30) days of the end of each Annual Royalty Period. MINIMUM GUARANTEED PAYMENT First Annual Royalty Period [*] Second Annual Royalty Period [*] Third Annual Royalty Period [*] Fourth Annual Royalty Period [*] Fifth Annual Royalty Period [*] Each subsequent Annual Royalty Period: [*] increase over previous year's Minimum Guaranteed Payment