Minimum Annual Volume Sample Clauses

Minimum Annual Volume. A "Unit" is defined as the combined purchase of at least one (1) digital x-ray detector equipment (of any type or brand) together with one (1) copy of Software purchased by Vet USA from LLC for use or sale together as a unit. Vet USA shall purchase an annual minimum quantity of Units in each calendar year that is equal to or greater than [***] ("Minimum Annual Volume"). Minimum Annual Volume shall rise three (3%) percent (rounded up to the nearest Unit) per calendar year for each year of the Agreement. For the purposes of this Section 9.3, Products shall be considered purchased when received and accepted by Vet USA and paid in full; provided, that if LLC is unable to timely supply Units that were ordered by Vet USA within the Lead Time to provide for delivery within the calendar year, such ordered Units shall be considered to have been purchased by Vet USA during such calendar year for purposes of calculating Vet USA's purchasing of the Minimum Annual Volume in that year. For the avoidance of doubt, in 2013, the Minimum Annual Volume is [***]. In 2014, the Minimum Annual Volume is [***] Units, and so on. Vet USA must purchase the Minimum Annual Volume in 2013 and 2014 or pay the Take or Pay Payment. Thereafter, Vet USA's failure to purchase the Minimum Annual Volume shall have the effects set forth in Section 2.3 above.
Sample 1
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Minimum Annual Volume. (1) Within each calendar year during the term of this Agreement after year 1999, OTP agrees to Tender, in reasonably equal monthly quantities, the Minimum Annual Volume of * Tons of Coal, as adjusted pursuant to this Agreement, under the conditions and in the manner specified herein, provided however, in calendar year 1999, the Minimum Annual Volume will be equal to * tons. OTP may Tender tonnage in excess of the Minimum Annual Volume. (2) Commencing in calendar year 2000, OTP shall provide to BNSF by October 1 of each preceding year during the term of this Agreement a written notice specifying the amount of Coal it intends to Tender under this Agreement during the calendar year ("Declared Annual Volume"). The Declared Annual Volume shall equal the Minimum Annual Volume plus any additional coal above the Minimal Annual Volume. The Declared Annual Volume shall indicate the amount of Coal OTP intends to ship during each quarter of the year. The Declared Annual Volume shall be for informational purposes only and is not binding. (3) If in any calendar year during the term of this Agreement, OTP does not Tender to BNSF the Minimum Annual Volume, OTP agrees to pay BNSF as liquidated damages, agreed as reasonable and not as a penalty, an amount equal to * of the applicable Effective Rate as of the end of such calendar year times the difference between the Minimum Annual Volume and the total tonnage Tendered by OTP to BNSF during such calendar year. The Minimum Annual Volume shall be adjusted by Force Majeure events as provided for in Section 14(C). OTP shall not reduce the Minimum Annual Volume by shipping any or all of the Minimum Annual Volume via another rail carrier and by paying liquidated damages to BNSF to satisfy the Minimum Annual Volume as adjusted pursuant to this Agreement, and in the event that OTP does so, said percentage of the applicable Effective Rate shall not be construed as an agreed upon measure of damages. (4) Any Tons which are not actually moved, but for which charges are paid pursuant to Subsection 11(J), will be considered as Tons received in meeting the Minimum Annual Volume.
Sample 1
Minimum Annual Volume. ‌ During each Contract Year of the Term, and subject to the terms and conditions of this Agreement, Nipigon LNG shall make available and provide to Customer capacity at the LNG Facilities required to perform the LNG Services for, and Customer will accept and pay for LNG Services at the LNG Facilities with respect to, the minimum annual volume of Gas specified in SCHEDULE B (the “Minimum Annual Volume”).
Sample 1
Minimum Annual Volume. Customer shall purchase from GLWA not less than the Minimum Annual Volume of water specified in Exhibit B. If Customer’s Annual Volume is less than the Minimum Annual Volume, Customer shall pay to GLWA an amount computed by applying the current charge to the Minimum Annual Volume less any amounts already billed to the Customer by GLWA.
Sample 1
Minimum Annual Volume. The volume of Chips sold by TimberWest and purchased by FCCL under this Agreement during a Contract Year produced from each Minimum Volume Facility, subject to Section 4.11, will not be less than the Minimum Annual Volume applicable thereto.
Sample 1
Minimum Annual Volume. The following table has relevance only for purposes of Section 7 of this TUA and Article 6.2 of the Agreement:
Sample 1
Minimum Annual Volume. Customer agrees to purchase a minimum Annual Volume of *** pounds of Products per Contract Year during the term of this Agreement, commencing with the Contract Year July 1, 2010 to June 30, 2011.
Sample 1
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Minimum Annual Volume. A "Unit" is defined as the combined purchase of at least one (1) digital x-ray detector equipment (of any type or brand) together with one (1) copy of Software purchased by Vet USA from LLC for use or sale together as a unit. Vet USA shall purchase an annual minimum quantity of Units in each calendar year that is equal to or greater than [***] ("Minimum Annual Volume"). Minimum Annual Volume shall rise three (3%) percent (rounded up to the nearest Unit) per calendar year for each year of the Agreement. For the purposes of this Section 9.3, Products shall be considered purchased when received and accepted by Vet USA and paid in full; provided, that if LLC is unable to timely supply Units that were ordered by Vet USA within the Lead Time to provide for delivery within the calendar year, such ordered Units shall be considered to have been purchased by Vet USA during such calendar year for purposes 8 Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 24b-2 of the General Rules and Regulations under the Securities Exchange Act. Omitted information, marked “[***]” in this exhibit, has been filed with the Securities and Exchange Commission together with such request for confidential treatment. of calculating Vet USA's purchasing of the Minimum Annual Volume in that year. For the avoidance of doubt, in 2013, the Minimum Annual Volume is [***]. In 2014, the Minimum Annual Volume is [***] Units, and so on. Vet USA must purchase the Minimum Annual Volume in 2013 and 2014 or pay the Take or Pay Payment. Thereafter, Vet USA's failure to purchase the Minimum Annual Volume shall have the effects set forth in Section 2.3 above. 10.
Sample 1
Minimum Annual Volume 
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Related to Minimum Annual Volume

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Minimum Age (a) Members must be at least 14 years of age. (b) If you are under the age of 18 years, prior to being accepted as a Member, you must: Membership Agreement); and

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

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