Calculation of Guaranteed Minimum Royalty. In consideration for the use of the Licensed Mxxx hereunder, Licensee shall pay to the Company a guaranteed minimum royalty for each Annual Period (each, the “Guaranteed Minimum Royalty” for such Annual Period) as follows: ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY First $ 87,500 Second $ 107,500 Third $ 135,000 Fourth through Ninth $ 175,000 (each)
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Calculation of Guaranteed Minimum Royalty. In consideration for the use of the Licensed Mxxx hereunder, Licensee shall pay to the Company a guaranteed minimum royalty for each Annual Period (each, the “Guaranteed Minimum Royalty” for such Annual Period) as follows: ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY First $ $52,500 Second $70,000 Third $87,500 Second $ 107,500 Third $ 135,000 24 ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY Fourth $112,500 Fifth $140,000 Sixth through Ninth $ Tenth $175,000 (each)
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Calculation of Guaranteed Minimum Royalty. In consideration for the use of the Licensed Mxxx Marks hereunder, Licensee shall pay to the Company a guaranteed minimum royalty for each Annual Period (each, the “Guaranteed Minimum Royalty” (8%) for such Annual Period) as follows: ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY First $ 87,500 170,000,00 Second $ 107,500 225,000.00 Third $ 135,000 275,000.00 Fourth $ 350,000 Fifth $ 400,000 Sixth through Ninth Tenth $ 175,000 450,000 (each)
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Calculation of Guaranteed Minimum Royalty. In consideration for the use of the Licensed Mxxx hereunder, Licensee shall pay to the Company a guaranteed minimum royalty for each Annual Period (each, the “Guaranteed Minimum Royalty” for such Annual Period) as follows: ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY First $ 87,500 22,500 Second $ 107,500 25,000 Third $ 135,000 27,500 Fourth through Ninth $ 175,000 40,000 (each)
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Calculation of Guaranteed Minimum Royalty. In consideration for the use of the Licensed Mxxx hereunder, Licensee shall pay to the Company a guaranteed minimum royalty for each Annual Period (each, the “Guaranteed Minimum Royalty” for such Annual Period) as follows: ANNUAL PERIOD GUARANTEED MINIMUM ROYALTY First $ 87,500 $17,500 Second $ 107,500 $19,000 Third $ 135,000 $21,000 Fourth $22,500 Fifth $25,000 Sixth through Ninth $ 175,000 Tenth $35,000 (each)
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