Guaranteed Minimum Payments Sample Clauses

Guaranteed Minimum Payments. NextCard shall make guaranteed minimum payments against the Account Fee within thirty (30) days after the end of each month in the amounts set forth in the table below (the "Minimums"). Of each Minimum, a dollar amount equal to [*] times the New Co-Branded Account Goal for the given month shall be paid directly to Amaz▇▇.▇▇▇. ▇▇ in any given month, the new Co-Branded Accounts opened exceed that month's New Account Goal, then NextCard shall pay Amaz▇▇.▇▇▇ ▇▇▇ Minimum plus the Account Fee for each Co-Branded Account opened in excess of that month's New Account Goal. Payment of Minimums, but not the Account Fees, shall cease upon the earlier of (i) the termination of the Initial Term (unless the Parties agree otherwise), or (ii) the date on which the cumulative New Co-Branded Account Goals for the Initial Term are met (and, if such date occurs in the middle of a month during the Initial Term, a pro-rata Minimum shall apply for such month). No Account Fees above the monthly minimum shall be paid in any given month if the total of all payments made in connection with this Agreement by NextCard to Amaz▇▇.▇▇▇ ▇▇▇ided by [*] is greater than the total of all Co-Branded Accounts originated up through the date on which such calculation is performed divided by [*]. As an example, if the monthly account goals for a four month period were [*] each month, and the actual accounts achieved were [*] then the payments would be for [*] accounts respectively. As an additional example, if the monthly account goals for a four month period were [*] each month, and the actual accounts achieved were [*] then the payments would be for [*] accounts respectively.

Guaranteed Minimum Payments. (a) To retain its license hereunder, LICENSEE shall pay to LICENSOR, as minimum annual payments, no less than the amounts set forth below: (i) For the first Market Year, [ ];

Guaranteed Minimum Payments. (a) To retain its license hereunder, LICENSEE shall pay to LICENSOR, as minimum annual payments, no less than the amounts set forth below: (i) For the first Market Year, [ ]; (ii) For the second Market Year, the amount shall be [ ] of the royalty actually earned during the first Market Year; (iii) For the third Market Year, the amount shall be the greater of [ ] of the royalty actually earned during the second Market Year; (iv) For the fourth Market Year, the amount shall be the greater of [ ] of the royalty actually earned during the third Market Year; (v) For the fifth Market Year, the amount shall be the greater of [ ] of the royalty actually earned during the fourth Market Year; (vi) For the sixth and each ensuing Market Year, the amount shall be the greater of [ ] of the royalty actually earned during the fifth Market Year. (vii) Payments shall be payable in accordance with paragraph 3 of Article VII. (b) In the event LICENSEE does not pay the minimum annual amounts as aforesaid, LICENSOR shall have the right to terminate the license granted hereunder; provided, however, that if LICENSEE shall have paid minimum annual amounts under the license for a period of ten (10) years, then the license shall thereafter no longer be terminable by LICENSOR for failure to pay such minimum annual amounts; provided LICENSEE is not in any respect in default hereunder. (c) Notwithstanding the foregoing, LICENSEE agrees that if it sells Licensed Products in any country under its exclusive license and subsequently withdraws such Licensed Products from sale in that country (except upon governmental requirement) and has no Commercial Sales therein for a period of one (1) year thereafter, LICENSOR may convert LICENSEE's exclusive license in that country to a nonexclusive license for such Licensed Products.

Guaranteed Minimum Payments. The Guaranteed Minimum Payments in U.S. dollars to be credited against Royalty Payments due NHLE are as follows: $[*] U.S. [*] $[*] U.S. [*] Amounts paid in excess of the Guaranteed Minimum Payment for a License Year may not be applied to reduce or offset the Guaranteed Minimum Payment due for another License Year.

Guaranteed Minimum Payments. 4.1 Subject to Section 5.4 herein below, Licensee shall pay to Ferrari the Guaranteed Minimum Payments set out in Schedule D, in accordance with the terms and conditions described therein. 4.2 The amounts due as Guaranteed Minimum Payments (plus VAT, if any due) shall be invoiced by Ferrari to Licensee. 4.3 Moreover, if at the end of each reference period referred to in Schedule D the Royalties actually accrued are lower than the Guaranteed Minimum Payment due for that reference period, the difference between the Guaranteed Minimum Payment and the Royalties actually accrued (the “Deductible Defect Amount”) shall be used to offset the Royalties payable by Licensee to Ferrari in the following reference Period in excess of the Guaranteed Minimum Payment due for that following reference period up to a maximum amount of * (e.g. if in reference period 01/01/2018 - 31/12/2018 Licensee accrues Royalties for *, due to the fact that the Guaranteed Minimum Payments for that reference period is *, the Deductible Defect Amount for the reference period is *; therefore if in the reference period 01/01/2019 - 31/12/2019 Licensee accrues Royalties for * and thus for a sum exceeding the Guaranteed Minimum Payment for such reference period by an amount of *, Licensee shall pay to Ferrari an amount of * as Royalties on top of the Guaranteed Minimum Payment due for such reference period- i.e. *, being entitled to deduct the entire Deductible Defect Amount). It remains understood that the Deductible Defect Amount may not be carried forward to reference periods different from the one following the reference period in which the Deductible Defect Amount was accrued.

Guaranteed Minimum Payments. The Company shall have made all necessary arrangements for payment at or promptly following the Closing the Designated Stockholder Payment in accordance herewith, and evidence thereof reasonably satisfactory to the Buyer shall have been delivered to the Buyer.

Guaranteed Minimum Payments. (a) Subject to Section 4.5(b), in the event that MCI WorldCom's Total Net Cumulative MCI WorldCom Subscribers at the expiration of each quarter does not exceed the Guaranteed Subscribers for that quarter, as set forth in Schedule 1.7, Metricom shall invoice, and MCI WorldCom shall remit payment of the monthly fees, for the total number of Guaranteed Subscribers for such quarter. (b) Metricom expects that the number of MCI WorldCom Subscribers will be less than [...***...] of the total number of Subscribers. If the number of MCI WorldCom Subscribers during any Agreement Year exceeds [...***...] of the total number of Subscribers, then MCI WorldCom's payment obligations under this Section 5.2 for such Agreement Year shall be the lesser of (i) the total amount received by Metricom from Subscribers other than MCI WorldCom

Guaranteed Minimum Payments. (a) For purposes of this Agreement, the following definitions shall apply:

Guaranteed Minimum Payments. A. CCM will pay NHLE the following guaranteed minimum payments (each, a "Minimum Guarantee" and collectively, the "Minimum Guarantees") in accordance with the terms set forth herein: (i) If neither Nike, Inc. nor any of its affiliates receives authentic/on-ice NHL jersey rights for Year Two through Year Five of the Term: Year One: $-; Year Two: $-; Year Three: $-; Year Four: $-; Year Five: $-; If applicable, Year Six: $-; Total: $- (includes Year Six); or (ii) If Nike, Inc. or any of its affiliates does receive authentic/on-ice NHL jersey rights for Year Two through Year Five of the Term: Year One: $-; Year Two: $-; Year Three: $-; Year Four: $-; Year Five: $-; and If applicable, Year Six: $-. Total: $- (includes Year Six); B. CCM acknowledges and agrees that the Minimum Guarantees will be due and payable for each year of the Term in equal monthly installments on the last day of each month beginning in October and ending in April of each year of the Term. In the event that CCM earns royalties with respect to the sale of the Products in any year of the Term in an amount less than the Minimum Guarantee due for such year (the difference between the Minimum Guarantee and such earned royalties being hereinafter referred to as a "Shortfall"), CCM shall remain obligated to pay to NHLE the full amount of the Minimum Guarantee in accordance with the schedule set forth in the immediately preceding sentence. In the event that CCM earns royalties with respect to the sale of the Products in any year of the Term in an amount in excess of the Minimum Guarantee due for such year (such excess being hereinafter referred to as an "Overage"), CCM shall pay to NHLE the full amount of such Overage in addition to the Minimum Guarantee due for such year. NHLE shall provide to CCM an accounting of Shortfalls and Overages for the prior years of the Term no later than thirty (30) days following its receipt of CCM's final royalty reports and payments for each year of the Term. C. In the event that CCM pays to NHLE an Overage in any year of the Term, CCM shall be entitled to a refund, as set forth below, if and only if in at least one other year of the Term CCM has experienced a Shortfall. If, over the Term, the aggregate amount of Overages paid by CCM exceeds the aggregate amount of Shortfalls experienced by CCM, NHLE shall refund to CCM the aggregate amount of such Shortfalls. If, over the Term, the aggregate amount of Overages paid by CCM is less than the aggregate amount of Shortf...