Minimum Revenue Requirements Sample Clauses

The Minimum Revenue Requirements clause sets a baseline amount of revenue that must be generated or received within a specified period under the agreement. Typically, this clause applies to situations where one party is expected to achieve certain sales targets, such as a distributor required to sell a minimum quantity of products annually. If the minimum revenue is not met, the clause may trigger consequences like penalties, renegotiation, or even termination of the contract. Its core function is to ensure that both parties have clear expectations regarding performance and to protect the interests of the party relying on a certain level of income or business activity.
Minimum Revenue Requirements. Borrower agrees that Borrower's revenues from operations (excluding interest income, extraordinary gains, capital gains from the sale of assets outside the ordinary course of business and investment income earned outside the ordinary course of business) shall, (1) equal at least Eleven Million Five Hundred Thousand Dollars ($11,500,000) for Borrower's fiscal quarter ending October 31, 2002, (2) equal at least Twelve Million Five Hundred Thousand Dollars ($12,500,000) for Borrower's fiscal quarter ending January 31, 2003, and (3) equal at least Eleven Million Five Hundred Thousand Dollars ($11,500,000) for Borrower's fiscal quarter ending April 30, 2003. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct in all material respects.
View Source
Minimum Revenue Requirements. “Minimum Revenue Requirements” means by Buyer projected revenue to Manufacturer for a period of 12 (twelve) months.
View Source
Minimum Revenue Requirements. In the event Distributor fails to meet the minimum revenue requirements set forth in Exhibit A attached hereto, then, notwithstanding anything in this Agreement to the contrary, and at Licensor's election and not obligation, (i) Licensor shall be free to appoint other distributors for its Product Units in the Territory, (ii) Distributor shall not have any exclusive sale, marketing or distribution rights to the Product Units, (iii) the license grant of Section 3 to the Licensor Marks shall terminate, and
View Source
Minimum Revenue Requirements. You must achieve a certain level of revenue each year to maintain your rights to your Territory, as follows: Second Contract Year $400,000 Third Contract Year $750,000 Fourth Contract Year $1,000,000 Fifth Contract Year and for Remaining Term of the Franchise Agreement Previous Year’s Minimum + 5% (but not more than $2,500,000) If you do not achieve these minimum revenue amounts then you must pay to us the balance of the minimum annual Continuing Franchise Fee, as described in Section 3.2 below. We do not guarantee that you will be able to meet the minimum required revenue amounts described above or that your Office will achieve any level of revenue or profitability.
View Source
Minimum Revenue Requirements. In the event Concessionaire fails to meet the minimum revenue requirements set forth in Exhibit E attached hereto, then, notwithstanding anything in this Agreement to the contrary, (i) Sagent shall be free to appoint other distributors for its Products in the Territory, (ii) Concessionaire shall not have any exclusive sale, marketing or distribution rights to the Products, (iii) at Sagent's election, and in Sagent's sole discretion, the license grant of Article 3 to the Sagent Marks shall terminate, and (iv) notwithstanding anything to the contrary in Section 5.1 below, the Prices paid by Concessionaire for the Products shall be equal to the applicable List Prices.
View Source
Minimum Revenue Requirements. In the event Distributor fails to meet the minimum revenue requirements set forth in Exhibit E attached hereto, then, notwithstanding anything in this Agreement to the contrary, and at Sagent's election and not obligation, (i) Sagent shall be free to appoint other distributors for its Products in the Territory, (ii) Distributor shall not have any exclusive sale, marketing or distribution rights to the Products, (iii) the license grant of Article 3 to the Sagent Marks shall terminate, and (iv) notwithstanding anything to the contrary in Section 5.1 below, the Prices paid by Distributor for the Products shall be equal to [*] percent ([*]) of the applicable List Prices.
View Source

Related to Minimum Revenue Requirements

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Check Requirements Any image of a check that I transmit to you must accurately and legibly provide all the information on the front and back of the check at the time presented to me by the drawer. Prior to capturing the original check, I will indorse the back of the original check. My endorsement will include "For Directions E- Deposit Only" in addition to my signature. The image of the check transmitted to you must accurately and legibly provide, among other things, the following information: (1) the information identifying the drawer and the paying bank that is preprinted on the check, including complete and accurate MICR information and the signature(s); and (2) other information placed on the check prior to the time an image of the check is captured, such as any required identification written on the front of the check and any endorsements applied to the back of the check. The image quality for the check will meet the standards for image quality established by the American National Standards Institute ("ANSI"), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. Rejection of Deposit. You are not liable for any service or late charges levied against me due to your rejection of any item. In all cases, I am responsible for any loss or overdraft plus any applicable fees to my Account due to an item being returned. Items Returned Unpaid. A written notice will be sent to me of transactions you are unable to process because of returned items. With respect to any item that I transmit to you for remote deposit that you credit to my Account, in the event such item is dishonored, I authorize you to debit the amount of such item from the Account.