Guaranteed Minimum and Advance Royalties Sample Clauses

Guaranteed Minimum and Advance Royalties. Licensee agrees that notwithstanding the actual amount of sales of Licensed Product, so long as this Agreement is in effect it shall be obligated to make certain nonrefundable minimum payments to SSC ("Guaranteed Minimum Royalties") in the amount of $5,000 for four (4) consecutive months commencing upon the execution of this Agreement. All payments of Royalty pursuant to SECTION 4.1 will be credited against the Guaranteed Minimum Royalty. Once the prepaid minimum amount is reached, Royalty payments will be made in accordance with SECTION 4.1.
Sample 1
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Guaranteed Minimum and Advance Royalties. Licensee agrees that notwithstanding the actual amount of sales of Licensed Products, it shall be obligated to make certain nonrefundable minimum payments to Redline ("Guaranteed Minimum Royalties") in the amount of $5,000.00 during the Contract Period. The 1999 Guaranteed Minimum Royalty ($2,500.00) is payable as follows: $2,500.00 due upon execution of the agreement. The 2000 Guaranteed Minimum Royalty ($2,500.00) is payable as follows: $1,250.00 due on or before June 30 and December 31, 2000, respectively. All payments of Royalty pursuant to Section 4.1 in each calendar year will be credited against the Guaranteed Minimum Royalty. Once the prepaid minimum amount is reached, royalty payments will be made in accordance with Section 4.1. Guaranteed Minimum Royalties in excess of actual sales for any calendar year will not be applied against royalties due in any subsequent calendar year.
Sample 1
Guaranteed Minimum and Advance Royalties. Licensee agrees that notwithstanding the actual amount of sales of Licensed Products, it shall be obligated to make certain nonrefundable minimum payments to Redline ("Guaranteed Minimum Royalties") in the amount of $7,000.00 during the Contract Period. The 2004 Guaranteed Minimum Royalty ($1,000.00) is payable as follows: $1,000.00 due upon execution of the agreement. The 2005 Guaranteed Minimum Royalty ($6,000.00) is payable as follows: $1,500.00 due on or before March 31, June 30, September 30 and December 31, 2005. All payments of Royalty pursuant to Section 4.1 in each calendar year will be credited against the Guaranteed Minimum Royalty. Once the prepaid minimum amount is reached, royalty payments will be made in accordance with Section 4.1. Guaranteed Minimum Royalties in excess of actual sales for any calendar year will not be applied against royalties due in any subsequent calendar year.
Sample 1

Related to Guaranteed Minimum and Advance Royalties

  • 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.

  • 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.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Minimum Scope and Limits of Insurance Contractor shall provide coverage with limits of liability not less than those stated below.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

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