Guaranteed Rights Fee Sample Clauses

Guaranteed Rights Fee. As payment for the rights licensed under this Agreement, SSP will pay University the Guaranteed Rights Fee in such amounts as set forth below. The Guaranteed Rights Fee described below is based upon all of the Assumptions being accurate. If any or all of the Assumptions do not occur, are not accurate or do not remain in effect for the entire Term of this Agreement, then such occurrence shall constitute a Diminishing Event. If the Base Sponsorship Inventory or elements are materially reduced or eliminated, University will either replace inventory or reasonably alleviate those issues specifically identified by SSP in writing associated with such inventory to SSP’s reasonable satisfaction, failing which such occurrence shall constitute a Diminishing Event and the process described above for a Diminishing Event relating to the Assumptions shall be initiated for the Base Sponsorship Inventory. Subject to any adjustments or credits under this Agreement, the Guaranteed Rights Fees for the Term shall be as follows: Athletic Year Guaranteed Rights Fee 2018 – 2019 $720,000 2019 – 2020 $740,000 2020 – 2021 $760,000 2021 – 2022 $780,000 2022 – 2023 $800,000 2023 – 2024 $875,000 2024 – 2025 $900,000 2025 - 2026 $925,000 2026 – 2027 $950,000 2027 – 2028 $975,000 All Guaranteed Rights Fee payments owed by SSP shall be paid in two (2) installments as follows: 50% on or before December 31 and 50% on or before June 30 of each Athletic Year, with a final settle-up, if any, derived through the Share Amount, to be paid no later than October 31 of each Athletic Year. AGR received or collected after June 30 of an Athletic Year for the previous Athletic Year shall be included in the AGR of the previous Athletic Year if received prior to the October 31 settle-up date (and shall be added to the subsequent Athletic Year if received after the October 31 settle-up date).
Sample 1
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Related to Guaranteed Rights Fee

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  • Developer Obligations In accordance with applicable NYISO requirements, Developer shall maintain satisfactory operating communications with Connecting Transmission Owner and NYISO. Developer shall provide standard voice line, dedicated voice line and facsimile communications at its Large Generating Facility control room or central dispatch facility through use of either the public telephone system, or a voice communications system that does not rely on the public telephone system. Developer shall also provide the dedicated data circuit(s) necessary to provide Developer data to Connecting Transmission Owner and NYISO as set forth in Appendix D hereto. The data circuit(s) shall extend from the Large Generating Facility to the location(s) specified by Connecting Transmission Owner and NYISO. Any required maintenance of such communications equipment shall be performed by Developer. Operational communications shall be activated and maintained under, but not be limited to, the following events: system paralleling or separation, scheduled and unscheduled shutdowns, equipment clearances, and hourly and daily load data.

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