Minimum Royalty Payments. Notwithstanding anything to the contrary contained in this Agreement, LICENSEE shall pay to LICENSOR during the Term minimum royalty payments in the amounts and at the times set forth in Item 10 of Schedule A hereto (each, a "Minimum Royalty"). The balance of royalty payments in excess of a Minimum Royalty, if any, due LICENSOR shall be paid within ++++ calendar days after the end of each Royalty Year.
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Sources: License Agreement (Chaus Bernard Inc), License Agreement (Chaus Bernard Inc)
Minimum Royalty Payments. Notwithstanding anything to the contrary contained in this Agreement, LICENSEE shall pay to LICENSOR during the Term guaranteed minimum royalty payments in the amounts and at the times set forth in Item 10 of Schedule A B hereto (each, a "Minimum Royalty"). The balance of royalty payments in excess of a Percentage Royalties over Minimum RoyaltyRoyalties, if any, due LICENSOR shall be paid within ++++ thirty (30) calendar days after the end of each calendar quarter ("Royalty Quarter") of each Royalty Year, all as specifically set forth in Schedule B hereof.
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