Common use of Minimum Royalties Clause in Contracts

Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $175,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts: At 12 months, $10,000 At 24 months, $25,000 At 36 months, $40,000 Annually thereafter, $50,000.

Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $175,000 25,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts: At 12 months, $10,000 5,000 At 24 months, $25,000 5,000 At 36 months, $40,000 5,000 Annually thereafter, $50,00010,000.

Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $175,000 100,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts: : (i) At 12 months, $10,000 (ii) At 24 months, $25,000 20,000 (iii) At 36 months, $40,000 30,000 (iv) Annually thereafter, $50,00040,000.

Minimum Royalties. Within 2 business days from the Effective Date hereof, LICENSEE shall pay to LICENSOR a minimum royalty fee of $175,000 100,000 in cash or by wire transfer. In addition, commencing 12 months following the Effective Date, LICENSEE shall pay to LICENSOR additional minimum royalty fees equal to the difference between total Royalties actually paid in the preceding 12 months and the following minimum amounts: : (i) At 12 months, $10,000 10,000 (ii) At 24 months, $25,000 20,000 (iii) At 36 months, $40,000 30,000 (iv) Annually thereafter, $50,00040,000.