Minimum guaranteed Sample Clauses

Minimum guaranteed. From the financial year following that during which the first marketing of any PRODUCT occurs, and in any event no later than the 2023 financial year, BIOPHYTIS shall pay SATT LUTECH an annual minimum guaranteed amount of [****]. The aforementioned amounts constitute an annual minimum guaranteed in return for the granting of the exclusive rights to the PATENTS as defined in Article 2 of the LICENSE AGREEMENT, which will be deducted from the amount of royalties actually owed by BIOPHYTIS annually pursuant to Article 5.2 below. The guaranteed minimum thus defined is due each year, in December, for the financial year ending on 31 December. For clarification purposes, it is specified that in the event that for a given financial year, the amount of royalties actually due annually by BIOPHYTIS pursuant to Article 5.2 below would be: · less than the annual guaranteed minimum, and said minimum will remain wholly and irretrievably acquired by SATT LUTECH in accordance with Article 6.7 below; · greater than the annual guaranteed minimum, BIOPHYTIS is required to pay the remaining amount due in accordance with Article 5.2 of the LICENSE AGREEMENT.
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Minimum guaranteed. 5.1.1 From the financial year following that during which the first marketing of any NUTRACEUTICAL PRODUCT occurs, and in any event no later than the 2020 financial year, BIOPHYTIS shall pay SATT LUTECH an annual minimum guaranteed amount of [****]. 5.1.2 From the financial year following that during which the first marketing of any MEDICIAL PRODUCT occurs, and in any event no later than the 2026 financial year, BIOPHYTIS shall pay SATT LUTECH an annual minimum guaranteed amount of [****]. 5.1.3 The aforementioned amounts constitute an annual minimum guaranteed in return for the grant of the exclusive rights to the PATENTS as defined in Article 2 of the LICENSE AGREEMENT, which will be deducted from the amount of royalties actually owed by BIOPHYTIS annually pursuant to Article 5.2 below. 5.1.4 The guaranteed minimum thus defined is due each year, in December, for the financial year ending on 31
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Minimum guaranteed. Monthly Payments shall be charged against the Tribe's monthly distributable share of Net Total Revenues under Section 6.5; provided, however, that if the Net Total Revenues in a given month are less than $1,000,000, Manager shall advance the funds necessary to compensate for the deficiency from its own funds; and provided further that Manager's obligation to make such payment shall be reduced to the extent that the Tribe has received or receives distributions from Net Total Revenues during that Fiscal Year, on a cumulative basis, exceeding the Minimum Guaranteed Monthly Payments required under this Section 6.3. For example, if (a) the Fiscal Year commences on January 1 and (b) the Tribe receives distributions in January, February, and March totaling $5,000,000, receives no distributions in April, May and June, and receives $2,000,000 in July; then Manager would not be required to make payments from its own funds in April and May; would be required to pay the Tribe $1,000,000 in June; and would be permitted to recoup $1,000,000 of the June payment out of the payment that the Tribe would otherwise receive in July. Manager shall not otherwise be entitled to reimbursement from the Enterprise or the Tribe for payments it makes from its own funds on account of Minimum Guaranteed Monthly Payments. However, no Minimum Guaranteed Monthly Payments shall be required with respect to any months (or portions thereof) that Class II or Class III Gaming is suspended or terminated at the Facility, provided that the reason or cause of such suspension or termination is beyond the control of Manager. Further, no Minimum Guaranteed Monthly Payments shall accrue subsequent to termination of this Memorandum of Agreement.
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Minimum guaranteed. Rental (herein so called) for the initial Lease Year shall be the applicable sum set forth below: (i) if Commencement of Operations (as hereinafter defined) occurred on or before June 15 of such Lease Year, One Hundred Thousand and No/l00 Dollars ($100,000.00); (ii) if Commencement of Operations occurred after June 15 but on or before July 15 of such Lease Year, Seventy-Five Thousand and No/l00 Dollars ($75,000.00); (iii) if Commencement of Operations occurred after July 15 but on or before August 15 of such Lease Year, Fifty Thousand and No/100 Dollars ($50,000.00); and (iv) if Commencement of Operations occurred after August 15 of such Lease Year, Twenty-Five Thousand and No/l00 Dollars ($25,000.00).
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Minimum guaranteed. During the first two years of this Agreement, OEM ------------------ agrees to order from, and pay for, at least $[CONFIDENTIAL TREATMENT REQUESTED]/*/ worth of the Software (net of discounts). This minimum commitment shall be met through non-refundable cumulative Software orders as follows: -------------------------------------------------------------------------------------------------------- Period # Cumulative Commitment Order by no later than the (net of discounts) following Due Dates: -------------------------------------------------------------------------------------------------------- 1. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 2. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 3. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 4. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 5. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 6. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 7. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 8 $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- Total: $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- /*/ [CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDE...
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Related to Minimum guaranteed

  • Guaranteed Maximum Price The total monies payable to Developer under the terms and conditions of the Contract Documents.

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of One Million, Twenty-One Thousand, One Hundred Twenty- Four Dollars and Ninety-Seven Cents ($1,021,124.97) for the identified Sub-Project.

  • MAXIMUM OBLIGATION 14 A. The Total Maximum Obligation of COUNTY for services provided in accordance with this 15 Agreement, and the separate Maximum Obligations for each period under this Agreement, are as 16 specified in the Referenced Contract Provisions of this Agreement, except as allowed for in 17 Subparagraph B. below. 18 B. ADMINISTRATOR may amend the Maximum Obligation by an amount not to exceed ten 19 percent (10%) of the original amount of the first year of funding for this Agreement. 20

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).