Common use of Minimum Annual Royalty Payments Clause in Contracts

Minimum Annual Royalty Payments. For the [year] calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of [MAR amount] ($xx,xxx) in U.S. dollars annually. [ALT: …Licensee shall pay to Alliance annually the applicable Minimum Annual Royalty defined by Table X below.] Licensee shall make such payment to Alliance within thirty days of the beginning of the calendar year for which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due.

Minimum Annual Royalty Payments. For the [year] calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of [MAR amount] ($xx,xxx[Amount in U.S. dollars]) in U.S. dollars annually. [ALT: …Licensee shall pay to Alliance annually the applicable Minimum Annual Royalty defined by Table X below.] Licensee shall make such payment to Alliance within thirty days of the beginning of the calendar year for which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph Article C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due.

Minimum Annual Royalty Payments. For the [year] calendar year and each subsequent calendar year during the term of this Agreement, Licensee shall pay to Alliance a minimum annual royalty payment in the amount of [MAR amount] ($xx,xxx[Amount in U.S. dollars]) in U.S. dollars annually. [ALT: …Licensee shall pay to Alliance annually the applicable Minimum Annual Royalty defined by Table X below.] Licensee shall make such payment to Alliance within thirty days of the beginning of the calendar year for which it is due. For each calendar year, that year’s Minimum Annual Royalty payment shall be fully creditable against continuous royalties paid to Alliance, under Exhibit B, paragraph C above, for such calendar year, but shall not be creditable against any other payment due under this Agreement, including past or future continuous royalties that may be or become due.