Annual Minimum Payment Sample Clauses

Annual Minimum Payment. If the total monthly Concession Fees paid to the City based on the percentage of Adjusted Gross Sales accumulated through December is less than $25,000, then SPR will invoice Concessionaire the balance due in the December sales invoice sent in January.
Sample 1
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Annual Minimum Payment. (a) Three (3) years following the date of the First Commercial Sale, and each and every Calendar Year thereafter (during the term of this Agreement), the Licensee agrees to pay and shall pay to UT an annual minimum payment (“AMP”) of [] dollars ($[]). (b) For further clarity, the greater of the AMP in a particular Calendar Year and the total Royalty Payment and Sub-License Royalty Payment due in the same Calendar Year shall be payable to UT. In any event, the Licensee shall pay the outstanding balance of the AMP to UT within sixty (60) days following December 31st of each Calendar Year in which such AMP becomes due and payable pursuant to this Section.
Sample 1
Annual Minimum Payment. (a) Subject to this Article 5 and any early termination of this Agreement, commencing on the RCOD for the Accepted Credit Capacity and terminating on the 20th anniversary of the RCOD, the Generating Facility Owner shall be entitled each Operating Year to a payment where the Facility is not Dispatched by the System Controller for the Annual Minimum Hours during an Operating Year as set out in Schedule 4 (the “Annual Minimum Payment”). For greater clarity, in the event the COD occurs before the RCOD, the Generating Facility Owner shall not be entitled to the Annual Minimum Payment during the period running from COD to the RCOD. (b) The Annual Minimum Payment applicable to such Operating Year (if any) shall be the greater of: (i) Zero (0); or (ii) (Annual Minimum Hours minus Total Requested Hours) X Accepted Credit Capacity X LBC Rate where,
Sample 1
Annual Minimum Payment. (a) Subject to this Article 5 and any early termination of this Agreement, commencing on the RCOD for each AcceptedTranche of Credit Capacity and Appendix 3 Page 13 of 53 terminating on the 20th anniversary of theeach such RCOD, the Generating Facility Owner shall be entitled each Operating Year to a payment where the Facility is not Dispatched by the System Controller for the Annual Minimum Hours during an Operating Year as set out in Schedule 4 (the “Annual Minimum Payment”). For greater clarity, in the event the COD occurs before the RCOD, the Generating Facility Owner shall not be entitled to the Annual Minimum Payment during the period running from COD to the RCOD. (b) The Annual Minimum Payment applicable to such Operating Year (if any) shall be the maximum of: (i) Zero (0); or (ii) (Annual Minimum Hours minus Total Requested Hours) X Accepted Credit Capacity in Commercial Operation X LBC Rate. Where, subject to Section 5.1(c):
Sample 1
Annual Minimum Payment. During the initial 20 year Term of this Lease, Tenant shall pay to Landlord the minimum sum which is the equivalent of the Royalty that would be paid for eight hundred thousand (800,000) tons of Sand (initially Four Million and No/100 Dollars ($4,000,000.00) at Five and No/100 Dollars ($5.00) per ton) as a required minimum payment during each Lease Year of Four Million and No/100 Dollars ($4,000,000.00) (the “Annual Minimum Payment”). The Annual Minimum Payment shall be paid in quarterly installments. Once Tenant has paid to Landlord Royalty payments and/or payments of the Annual Minimum Payment during any Lease Year equal to or in excess of the amount of the Annual Minimum Payment, no further payments of the Annual Minimum Payment shall be due during that Lease Year, For the Initial Lease Year, the Annual Minimum Payment shall be prorated for the period of time from the Effective Date of this Lease to the end of the Initial Lease Year and paid in equal monthly installments on or before the first (1st) of each month during the Initial Lease Year. Beginning in the first renewal term, the Annual Minimum Payment shall be a sum equal to the average West Texas Intermediate index price of crude oil times the amount of $114,285.71 (together with the adjustments provided in Section 2.8) on an annual basis. The Annual Minimum Payment shall be adjusted on a quarterly basis and shall be based on the average price of crude oil for the previous calendar quarter. Notwithstanding the foregoing, the Annual Minimum Payment shall never be less than $4,000,000 per renewal term.
Sample 1
Annual Minimum Payment. Subject to subparagraph 5(d), after 5,000 cumulative gross ounces of fine gold has been produced from the Chandalar placer mine after Option exercise, NyacAU shall be entitled to a minimum annual payment equal to the value of $120,000 or 68 fine gold ounces (Minimum Payment), whichever is greater according to the afternoon LBMA Price on December 31 of that year. In the event there was insufficient placer gold produced during that calendar year to meet the Minimum Payment threshold, the cumulative value of all production distributions made to NyacAU in that calendar year, as valued according to the afternoon LBMA Price on the date of payment, shall be credited against the Minimum Payment amount and any difference shall be paid in cash, valued in gold ounces based on the afternoon LBMA Price on December 31 of that year, by Transferee by January 15 of the following year. Each such payment shall apply towards the satisfaction of the Maximum Amount. Notwithstanding this subparagraph 5(b), the Minimum Payment shall not be required for any calendar year in which the LBMA Price goes below $1,200 per ounce at any time during that calendar year. For purposes of this Agreement, “calendar year” shall mean the year beginning January 1 and ending December 31. Similarly, notwithstanding this subparagraph (5)(b), no minimum payment shall be due if mining operations cease. For purposes of this subparagraph 5(b), the term “cease” shall mean that no further mining operations will be conducted in any future mining seasons, and the only work to be conducted at the Chandalar placer mine shall only be for purposes of reclamation. In no way shall this provision be construed to permit a future placer mining operator to take a year off from mining and resume future mining operations thereafter absent the minimum yearly payment being made to NyacAU.
Sample 1
Annual Minimum Payment. Failure of IDT to fulfill its requirement to purchase the minimum number of HTs and HT Treatment Kits in any Minimum Year shall not constitute an event of default under this Agreement so long as IDT pays HCI a sum equal to the Annual Minimum for the Minimum Year not later than forty-five (45) days following the close of said Minimum Year.
Sample 1
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Annual Minimum Payment. KM and Customer are entering into this Agreement in conjunction with the execution of that certain Shipper’s Agreement by and between Customer, as shipper, and Central Florida Pipeline LLC, (“Central”), as carrier, providing for the transportation of Commodity from KM’s Tampa Terminal to Central’s Xxxx Terminal (the “Shipper’s Agreement”). Customer estimates that the volume to be handled during a Contract Year through the KM Tampa facility will be approximately 900,000 U.S. Barrels with approximately 750,000 U.S Barrels being transported by Central by way of the CFPL to Central’s Xxxx Terminal (jointly, the “Estimated Volumes”). Customer agrees that it will pay, each Contract Year, minimum combined payments to KM and Central of not less than $1,532,000 in the aggregate (“Annual Minimum Payments”) for KM’s handling of Customer’s Commodity at the KM Tampa facility and Central’s transportation of Commodity from the KM Tampa Facility to the Central Xxxx Terminal; provided, that, should KM and Central refuse or be unable to provide the services necessary to handle the Estimated Volumes, this Annual Minimum Payment amount shall be reduced in proportion to the ratio of the volume of Commodity not so handled to the volume of Commodity tendered by Customer for handling. Should payments made by Customer during a Contract Year be less than the Annual Minimum Payments amount, KM and/or Central shall invoice Customer and Customer shall pay, in accordance with the terms of Section 6, the difference between the annual amounts paid pursuant to this Agreement and the Shipper’s Agreement and the Annual Minimum Payments (“True-up Payment”). KM and Central shall allocate amongst themselves, in their discretion, any True-up Payments.
Sample 1

Related to Annual Minimum Payment

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • 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.

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

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