Common use of Minimum Annual Guarantee Clause in Contracts

Minimum Annual Guarantee. The Contractor shall pay the following MAG amounts for each year of the Contract: Contract Year 1 $ Contract Year 2 $ Contract Year 3 $ Contract Year 4 $ Contract Year 5 $ TOTAL $ One-twelfth (1/12) of the MAG for that Contract Year shall be paid in advance and without demand on the first day of each calendar month during the Contract Term. For any period of less than one (1) calendar month, the MAG shall be prorated. Said MAG shall be deemed delinquent if payment is not received by the tenth (10th) calendar day of the month.

Minimum Annual Guarantee. The Contractor shall pay the following MAG amounts for each year of the Contract: Contract Mag Year 1 $ Contract Mag Year 2 $ Contract Option Years Mag Year 3 $ Contract Mag Year 4 $ Contract Mag Year 5 $ TOTAL $ One-twelfth (1/12) of the MAG for that Contract Year shall be paid in advance and without demand on or before the first day of each calendar month during the Contract Termmonth. For any period of less than one (1) calendar monthmonth during the Operating Period of the Contract, the monthly MAG payment shall be proratedpro-rated. Said monthly payment of the MAG shall be deemed delinquent if payment is not received by the tenth (10th) calendar day of the month.

Minimum Annual Guarantee. The Contractor shall pay the following MAG amounts for each year of the Contract: Contract Year 1 $ Contract Year 2 $ Contract Year 3 $ Contract Year 4 $ Contract Year 5 $ TOTAL $ One-twelfth (1/12) of the MAG for that Contract Year shall be paid in advance and without demand on or before the first day of each calendar month during the Contract Termmonth. For any period of less than one (1) calendar monthmonth during the Operating Period of the Contract, the monthly MAG payment shall be proratedpro-rated. Said monthly payment of the MAG shall be deemed delinquent if payment is not received by the tenth (10th) calendar day of the month.

Minimum Annual Guarantee. The Contractor shall pay the following MAG amounts for each year of the Contract: Contract Year 1 $ Contract Year 2 $ Option Years Contract Year 3 $ Contract Year 4 $ Contract Year 5 $ TOTAL $ One-twelfth (1/12) of the MAG for that Contract Year shall be paid in advance and without demand on or before the first day of each calendar month during the Contract Termmonth. For any period of less than one (1) calendar monthmonth during the Operating Period of the Contract, the monthly MAG payment shall be proratedpro-rated. Said monthly payment of the MAG shall be deemed delinquent if payment is not received by the tenth (10th) calendar day of the month.

Minimum Annual Guarantee. The Contractor shall pay the following MAG amounts for each year of the Contract: Contract Year 1 $ Contract Year 2 $ Contract Year 3 $ Option Years Contract Year 4 $ Contract Year 5 $ TOTAL $ One-twelfth (1/12) of the MAG for that Contract Year shall be paid in advance and without demand on or before the first day of each calendar month during the Contract Termmonth. For any period of less than one (1) calendar monthmonth during the Operating Period of the Contract, the monthly MAG payment shall be proratedpro-rated. Said monthly payment of the MAG shall be deemed delinquent if payment is not received by the tenth (10th) calendar day of the month.