Minimum Monthly Amount definition
Examples of Minimum Monthly Amount in a sentence
For each Month that the Deficiency Credit is decreased, the Buyer’s Monthly invoice amount will be decreased by the amount that the Actual Monthly Amount is greater than the Minimum Monthly Amount or by the Deficiency Credit balance, whichever is less.
After a Deficiency Credit balance has been established, the Deficiency Credit balance will be increased each Month by the amount that the Actual Monthly Amount is less than the Minimum Monthly Amount or will be decreased each Month by the amount that the Actual Monthly Amount is greater than the Minimum Monthly Amount.
When the Actual Monthly Amount is less than the Minimum Monthly Amount, the difference between the Minimum Monthly Amount and the Actual Monthly Amount will be credited to Buyer as a “Deficiency Credit”.
For greater certainty, in the event of a Dispute, and until such time as such Dispute is finally resolved in accordance with the terms of this Section 2.8, the Parties shall continue to be bound by all of the provisions of this Agreement in accordance with their terms (including the Gross Sales Royalty and Minimum Monthly Amount then in effect) notwithstanding the subject-matter of the Dispute.
Minimum Monthly Amount will be deemed to be amended to be $*** (pro-rated for any partial month) (being ***).