Minimum sub months or revenue Clause Samples

The "Minimum sub months or revenue" clause establishes a baseline requirement for either the minimum number of subscription months or a minimum revenue amount that must be met under an agreement. In practice, this means that the customer is obligated to maintain their subscription for a set period or ensure that their payments reach a specified revenue threshold, regardless of actual usage. This clause is commonly used in service or software agreements to guarantee a predictable income stream for the provider and to protect against early cancellations or underutilization by the customer.
Minimum sub months or revenue. In the event that a third party (i) **** access to a Subscription Service for the purpose of distributing such months to end users during a certain period of time, or (ii) **** in respect of distributing access to a Subscription Service to end users during a certain period of time, Company agrees the general principle that **** for the purposes of this Agreement. Unless otherwise agreed with Label as part of the process of obtaining Label’s approval (where required) in connection with arrangements for any particular Authorized Distributor, at the end of the relevant **** period and when such revenue becomes due, Company shall calculate **** and include details of such share as part of the immediately following Financial Statement and Monthly Report. For the purposes of calculating Label’s share in such circumstances, Company shall calculate each of ‘SME’s Usage Percentage’ and ‘Orchard’s Usage Percentage’ as an **** of the applicable **** in each of the **** during the guarantee period.
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Related to Minimum sub months or revenue

  • 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.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.