Minimum Obligations Clause Samples
The Minimum Obligations clause sets out the baseline duties or performance standards that a party must meet under an agreement. Typically, it specifies the least amount of work, service, or product delivery required, such as a minimum purchase quantity, service level, or frequency of reporting. By establishing these non-negotiable requirements, the clause ensures that both parties have clear expectations and prevents underperformance or ambiguity regarding essential commitments.
Minimum Obligations. When the employment relationship ends, no matter how it ends: (i) the Company will pay Employee any unpaid Base Salary through the Employment End Date; (ii) Employee will be entitled to accrued, vested benefits under the Company’s benefit plans and programs to the extent provided in Section 4(d); (iii) the Company will pay Employee for any accrued but unused vacation; and (iv) the Company will reimburse Employee for any unreimbursed expenses incurred through the Employment End Date to the extent provided in Section 4(f).
Minimum Obligations. The terms of Schedule 41 shall apply as if fully set forth in this Agreement.
Minimum Obligations. The terms set forth in Schedule 40 apply to this Agreement as if fully set forth herein.
Minimum Obligations. In each Calendar Year during the Term, OCF shall have the obligation (the "Annual Minimum Obligation") to take and pay for ninety-one million (91,000,000) pounds of Steam; provided, however, only Steam delivered by APC to OCF during Peak Hours during the period from January 1 through, and including, May 31, and November 15 through, and including, December 31 of each Calendar Year may be used to satisfy the Annual Minimum Obligation; provided, further, if OCF processes citrus products outside such period, any Steam delivered by APC to OCF during Peak Hours outside of such period may be used to satisfy the Annual Minimum Obligation. APC shall have Steam available for delivery during at least thirty one hundred and sixty eight (3168) Peak Hours during the period from January 1 through, and including, May 31, and November 15 through, and including, December 31 of each Calendar Year; provided, however, if OCF processes citrus products outside such period, APC may satisfy such obligation to have Steam available for delivery to OCF by having Steam available for delivery to OCF during the Days, outside of such period, that OCF is processing citrus products. For purposes of this Section 3.1(a), APC shall be deemed to have made Steam available for delivery to OCF during all periods when:
Minimum Obligations. The Pipes Program must ensure that the minimum expenditure obligations under Arizona state law or any contractual obligation of the Joint Venture (if any) prescribed under each JV Pipe is satisfied, unless the Pipes Program recommends abandonment or sale of a Pipe.
Minimum Obligations. When any Owner schedules its Ownership Share of Minimum Net Generation (or a greater amount, not to exceed its Ownership Share), every other Owner shall be required to schedule their Ownership Share of Minimum Net Generation (or a greater amount, not to exceed its Ownership Share). In the event one or more Owners with Ownership Shares equal to or greater than (*) desire that the Plant not be operated when it is otherwise available to be operated, and one or more Owners desire to schedule Energy and/or Big Stone II Power Plant June 30, 2005 Ancillary Services from the Plant, the Owner or Owners desiring that the Plant not be operated may, in lieu of operating the Plant, provide an equal amount of Energy and/or Ancillary Services from other sources to the Owner(s) that desires to schedule Energy and/or Ancillary Services from the Plant; any such Energy and/or Ancillary Services provided from other sources shall be delivered to the Point of Interconnection (or such other point of delivery as may be agreed) in an amount equal to that desired to be scheduled. In the event any Owner with less than or equal to a (*) Ownership Share wishes to schedule Energy from the Plant, and any other Owner or Owners with greater than (*) Ownership Share do not wish to schedule Energy from the Plant when the Plant is available, the Owner or Owners not desiring to schedule shall have the option of providing lower cost energy from other sources as may be available to the Owner wishing to schedule from the Plant at such point of delivery as may be mutually agreed; provided however, that if one or more Owners with an aggregate Ownership Share of greater than or equal to (*) wish to schedule Energy from the Plant, then this option shall not apply and all Owners shall schedule at least their respective Ownership Share of the Minimum Net Generation as provided above.
Minimum Obligations. Sepracor's obligations pursuant to Section 9.1.1 notwithstanding, Sepracor shall, in each Contract Year covered by the Term, be subject to the Minimum Marketing Investment Obligations and Minimum Sales Obligations (collectively, the "Minimum Obligations") established for the Original Products pursuant to this Section 9.6.
Minimum Obligations. When the employment relationship ends, no matter how it ends: (i) the Company will pay Employee any unpaid Base Salary through the Employment End Date; (ii) Employee will be entitled to accrued, vested benefits under the Company’s benefit plans and programs to the extent provided in Section 4(d) and in any equity award agreements relating to awards to Employee under the current or any future MKS Instruments, Inc. equity incentive plan; (iii) the Company will pay Employee for any accrued but unused vacation; and (iv) the Company will reimburse Employee for any unreimbursed expenses incurred through the Employment End Date to the extent provided in Section 4(f).