Minimum Annual Payment. Commencing on the earlier of (i) December 31, 2029 or (ii) the year following the year in which NTIFA files a Certificate of Completion for the Anchor Project (both as defined in the EDA), the Anchor Property shall be subject to a minimum annual ad valorem payment (whether classified, in whole or in part, as a tax payment or an in lieu of payment) obligation in the amount of not less than the amount calculated by multiplying $290,000,000.00 (or, if individual components are not assessed, $263,000,000.00 for the arena component of the Anchor Project or $27,000,000.00 for the parking garage component of the Anchor Project, individually) by an assessment ratio of 12%, then increasing the resulting product by 1.5% for every 12 month period that has passed since NTIFA issued a Certificate of Completion for the Anchor Project, and then multiplying that resulting product by the annual ad valorem tax levy millage rate in effect within TIF 5 for that tax year (“Minimum Annual Payment”), which shall continue in effect for each year thereafter through the duration of Increment District No. 5 (“Minimum Annual Payment Period”).
Minimum Annual Payment. Payments by Licensee to PalmSource under the following Sections of this Exhibit D shall be subject to a Minimum Annual Payment during each Contract Year: Section II(A)(1)(a) (Licensee Products) and Section II(B)(1) (PS Product Software); Section II(B)(2) (PS Desktop Software); Section II(B)(5) (PS Q Browser Software); Section II(A)(2) (PS MultiMail Pro/SE Software) and Section II(B)(3) (Stand-alone PS MultiMail Pro/SE Software); Section II(A)(3) (PS Bluetooth Software) and Section II(B)(4) (PS Bluetooth Software), other than payment under Section II(B)(4)(a)(i); Section II(E) (PS Source Code); and Section III (Maintenance and Support Fees). The Minimum Annual Payment shall be forty million dollars ($40,000,000) for the first Contract Year, thirty-seven million, five-hundred thousand dollars ($37,500,000) for the second Contract Year, thirty-nine million dollars ($39,000,000) for the third Contract Year, forty-one million dollars ($41,000,000) for the fourth Contract Year, and forty-two million, five-hundred thousand dollars ($42,500,000) for the fifth Contract Year. If the amounts paid by Licensee to PalmSource under such enumerated Sections of this Exhibit D are less than the applicable Minimum Annual Payment during any Contract Year, then Licensee shall make a non-refundable payment to PalmSource within forty-five (45) days of the end of such Contract Year in an amount equal to the shortfall (i.e., the applicable Minimum Annual Payment less the amounts actually paid under this Agreement during such Contract Year).
Minimum Annual Payment. (i) Payments by Licensee to PSI under the following Sections of this Exhibit D shall apply towards the minimum annual payment specified in this paragraph (the “Minimum Annual Payment”) during each Contract Year: Section II(A)(1)(a) (PS Product Software; Royalties on Net Revenue) and Section II(B)(1) (Royalty for Stand-alone Products; PS OS Software); Section II(B)(2) (Royalty for Stand-alone Products; Stand-alone PS Desktop Software); Section II(B)(5) (Royalty for Stand-alone Products; Stand-alone PS Q Browser Software); Section II(A)(2) (PS MultiMail Pro/SE Software) and Section II(B)(3) (Royalty for Stand-alone Products; Stand-alone PS MultiMail Pro/SE Software); Section II(A)(3) (PS Bluetooth Software) and Section II(B)(4) (Royalty for Stand-alone Products; Stand-alone PS [**] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. PALMSOURCE AND PALMONE CONFIDENTIAL Bluetooth Software), other than payment under Section II(B)(4)(a)(i); and Section III (Maintenance and Support Fees).
Minimum Annual Payment. No later than November 30 of each Calendar Year commencing in 2009, Licensee shall pay to Licensor a non-refundable minimum annual payment of $40,000 less any amounts previously paid pursuant to Section 5.3 or 5.4 during such Calendar Year. Each such payment shall be credited against royalties and the Buy-Out Payment, if any, for that Calendar Year.
Minimum Annual Payment. The Minimum Annual Payment is nil for the calendar year in which the first contract year date begins. For each subsequent calendar year, prior to age 71 of the Annuitant (or the Annuitant's spouse or common-law partner, if elected at issue), the Minimum Annual Payment as per subsection 146.3(1) of the Income Tax Act (Canada) shall not be less than the Account Value of the Contract at the beginning of the calendar year divided by the number that is the difference between 90 and
Minimum Annual Payment. 13 Organic Transaction ..........................................................13
Minimum Annual Payment. Commencing December 31, 2022, the Property shall be subject to a minimum annual payment (whether classified, in whole or in part, as a tax payment or an in lieu of payment) obligation in the amount of $26,500.00 for each year in which the minimum tax payment is payable as set forth herein, less (a) all real and personal property taxes assessed and paid on the Property; and (b) to the extent two percent (2%) of the taxable sales of the Redeveloper payable to the City of Stillwater exceeds $15,981.17 (“Minimum Annual Payment”), which shall continue in effect for each year thereafter through the duration of fifteen years, through December 31, 2037 (the “Minimum Annual Payment Period”).
Minimum Annual Payment. During the term of this Agreement, Customer is responsible for making a minimum annual payment to Utility in the amount of ELEVEN THOUSAND TWO HUNDRED FORTY THREE U.S. Dollars ($11,243) (the “Minimum Annual Payment”). Commencing on the first day of the month following the completion date of the Incremental Natural Gas Facilities, any contract year in which the aggregate of the delivery charge and demand charge paid by Customer is less than the Minimum Annual Payment, then Customer shall pay to Utility, upon demand, an amount equal to the difference between Customer’s aggregate delivery charge and demand charge payments for that year and the Minimum Annual Payment. The delivery charge and demand charge will be stated in the Customer’s applicable rate schedule or in a service agreement with Utility.
Minimum Annual Payment. For purposes of this Agreement, the ---------------------- term "Payment Year" shall mean a twelve-month (12-month) period beginning on the first day of the calendar month following the calendar month during which the Closing occurs (e.g., January 1) and ending on the last day of the twelfth ---- (12th) calendar month thereafter (e.g., December 31). If Purchaser fails to ship ---- sufficient coal from the properties owned, leased or otherwise controlled by the Companies and the Subsidiaries as of the Closing Date during any Payment Year to yield the Shareholder an aggregate sum of the Monthly Payments for such year equal to or greater than One Million Dollars ($1,000,000.00), Purchaser shall pay to the Shareholder, within sixty (60) days after the end of such Payment Year, a payment equal to One Million Dollars ($1,000,000.00) minus the aggregate Monthly Payments that were actually paid by Purchaser during such Payment Year (a "Deficiency Payment").
Minimum Annual Payment. For purposes of this Note, the term "Payment ---------------------- Year" shall mean a twelve-month (12-month) period beginning on the first day of the calendar month following the calendar month of this Note and ending on the last day of the twelfth (12th) calendar month thereafter, and each twelve month period thereafter. If coal shipments from the Properties during any Payment Year do not yield an aggregate sum of Monthly Payments equal to or greater than One Million Dollars ($1,000,000.00), Maker shall pay to the Shareholder, within sixty (60) days after the end of such Payment Year, a payment equal to the difference (a "Deficiency Payment") between One Million Dollars ($1,000,000.00) and the aggregate Monthly Payments that were actually paid and attributable to such Payment Year.
