Common use of Guaranteed Minimum Payments Clause in Contracts

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:

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, [ ];