Minimum Percentage Clause Samples
The Minimum Percentage clause sets a baseline threshold that must be met for certain obligations or benefits within a contract to take effect. For example, it may require that a minimum percentage of products be purchased, a minimum level of participation be achieved, or a minimum amount of revenue be generated before specific terms apply. This clause ensures that both parties have clear expectations regarding the minimum performance or commitment required, thereby reducing ambiguity and protecting against underperformance or insufficient engagement.
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Minimum Percentage. No less than [20%] of the value of a Certificate Owner’s Covered Asset Pool may be invested in Eligible Assets in the Core Fixed asset class category.
Minimum Percentage. Project’s High Hazard Fuel Use must meet minimum percentages, as measured pursuant to Appendix B, shall be: 40% in 2016, 50% in 2017, 60% in 2018, 80% in 2019, and 80% for each subsequent year (“Minimum Percentage”). If the Seller elects a higher percentage High Hazard Fuel in the Cover Sheet, the percentages in the preceding are to be replaced with the percentages Seller entered in the Cover Sheet. The percentage of High Hazard Fuel Use will be demonstrated annually based on Seller’s Quarterly Fuel Attestations as calculated in Appendix B.
Minimum Percentage. Notwithstanding any provision of the Operating Agreement to the contrary, at all times during the existence of the company, the interest of each member in each material item of company income, gain, loss, deduction or credit will be equal to at least one percent (1%) of each such item.
Minimum Percentage. For each calendar quarter throughout the Term, Retailer and each of Retailer’s Affiliates shall purchase Merchandise in the Product Categories, the total aggregate price of which after taking into account any discounts and allowances shall be equal in amount to not less than 55% of Retailer’s gross aggregate cost of sales during such quarter of all Merchandise in all stores owned or operated by Retailer and its Affiliates during such quarter.
Minimum Percentage. The SERVICE PROVIDER will assure that the required minimum percentage of the Title IIIB and State Service funds will be expended for the delivery of each of the following categories of service: eight percent (8%) for access services (transportation, outreach, and information and referral), eight percent (8%) for in-home services (homemaker and home health aide, visiting, telephone reassurance, chore maintenance, supportive services for families of frail elderly people including victims of Alzheimer’s disease and related disorders with neurological and organic brain dysfunction and their families), and two percent (2%) for legal assistance.
Minimum Percentage. During each Contract Period, Industry agrees to ship, pursuant to this contract, at least 95% of Industry's entire shipments of Commodity transported by all transportation modes from all originating points (whether an Origin listed under this Contract or otherwise), to Industry's Plant located at Southport, NC. Other than with respect to the ---------------- [xxx] These portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment. percentage requirement set forth above, Carrier acknowledges and agrees that Industry shall not be obligated to ship any minimum amount of coal pursuant to this Contract. Surplus Contract Periods may not be credited against deficit Contract Periods. Purchases of Commodity by Industry shipped by other transportation modes during periods of Force Majeure (as defined herein) which prevent Carrier from delivering to Industry a supply of Commodity shall not be included in the computation of the minimum percentage hereunder. If Industry fails to meet the percentage provision during a Contract Period, Industry agrees to pay liquidated damages ("Liquidated Damages") to the Carrier in an amount equal to $[xxx] per ton multiplied by the difference between: (a) the tons of Commodity that should have been tendered pursuant to this Contract to comply with the percentage provision, and (b) the tons that were actually tendered pursuant to this Contract. Such Liquidated Damages shall be the exclusive remedy of the Carrier if Industry fails to meet such required percentage.
Minimum Percentage. During each calendar year, or portion thereof, during the term of this Contract (each such period, a "Contract Period"), Industry agrees to ship, pursuant to this Contract, at least 65% of Industry's entire receipts of coal at Industry's Facility located in Roxboro, North Carolina. Surpluses in Contract Periods may not be credited against deficits in other Contract Periods. Shipments of coal by other transportation modes during periods of force majeure, which prevent Carrier from delivering to Industry a supply of coal, shall not be included in the computation of the minimum percentage hereunder. Other than with respect to the percentage requirement set forth above, Carrier acknowledges and agrees that Industry shall not be obligated to ship any minimum amount of coal pursuant to this Contract. If Industry fails to meet the percentage provision during a Contract Period, Industry agrees to pay a deficit charge to Carrier. This charge will be computed by multiplying the tonnage shortfall times one-fourth of the applicable rate (as set forth in Section 3.E. above) in effect on the last day of the applicable Contract Period. Industry shall pay this amount to Carrier within sixty (60) days after the end of the applicable Contract Period.