Minimum Obligation. Subject to the provisions of this Agreement, VMSC agrees to Throughput an amount of Asphalt Products through the Terminals on an aggregate annual basis equal to a minimum of 18 ½% of all Asphalt produced at the Refineries during each Contract Year (the “Minimum Obligation”).
Minimum Obligation. The Guez Group shall cause the Covered Companies to purchase during each successive Contract Year a minimum annual aggregate total of Ten Million Dollars ($10,000,000) of Products from Tag-It (the "MINIMUM Obligation"). Each member of the Guez Group represents and warrants to Tag-It that the Minimum Obligation is an amount which is at least equal to the aggregate trim purchases by the Customers for the 12 month period ended November 30, 2000. For purposes of this Agreement, the first "CONTRACT YEAR" shall commence on the Effective Date and end on March 31, 2001 and successive Contract Year's shall mean and refer to each period of twelve (12) successive calendar months during the Term commencing on April l and ending March 31.
Minimum Obligation. Minera Andes' Initial Contribution shall be $ 1,300,000, which shall be contributed to the Company as follows: Contract Year Qualifying Expenditures Cash ------------- ----------------------- ---- 1997-1998 $ 200,000 $ 50,000 1998-1999 $ 300,000 $100,000 1999-2000 $ 400,000 $250,000
Minimum Obligation. The Agreement represents Amoco's commitment to the Contractor as Amoco's exclusive party to perform the services described therein in the vicinity. In the event Amoco determines that it does not require the removal and remediation of ten thousand (10,000) tons of HCS (for any reason other than a breach by Amoco or because Amoco has hired a competitor of the Contractor to perform such work) , Amoco shall not suffer any penalty or be required to pay any damages to the Contractor for failing to designate such ten thousand (10,000) ton minimum. Provided, however, Amoco hereby commits to provide the Contractor with a minimum of four thousand (4,000) tons of HCS pursuant to Section I of the Agreement.
Minimum Obligation. The Government’s minimum guarantee of $1,000.00 extends throughout the period of performance under the entire IDC contract. Funding for this minimum guarantee will be obligated on the first task and will remain available during the entire period of performance for the life of the IDC. (NOTE: This is a minimum ordering amount; not a minimum payment.) Following payment under task order award(s) during the entire period of performance in an amount meeting/exceeding the minimum guarantee of $1,000.00, this is considered satisfaction of the minimum guarantee, and the agency, upon payment of the $1,000.00 under said task order(s) will de-obligate this minimum guarantee from the task order.
