Minimum Revenue Guarantee. Subject to Section 5.2 below, during the Term AOL will pay Tl a minimum revenue guarantee for each of the Tl Sites as set forth in Exhibit B-2 for each individual Tl Site (the “Minimum Revenue Guarantee”). The Minimum Revenue Guarantee shall be payable by AOL to Tl for each of the Tl Sites on a monthly basis, in equal installments, based on the annual Minimum Revenue Guarantee for each Tl Site (as set forth in Exhibit B-2) on the 1st day of each applicable month during the Term.
Minimum Revenue Guarantee. 6.2.1 In exchange for performing the services and satisfying the obligations herein related to the Online Gaming Service, and in conjunction with the services provided within this Agreement, Skin Party shall, pay a minimum annual guarantee to Operator of [****] for the interactive wagering Skin and [****] for the sports wagering Skin, totaling [****], (“Minimum Revenue Guarantee”) for every twelve (12) consecutive month period during the Term. Each such twelve consecutive calendar month period is an “Annual Period”. If the Skin Party elects to exercise either of the five (5) year Renewal Periods, the Parties shall mutually agree to negotiate in good faith to revise terms of the Minimum Revenue Guarantee and Revenue Share; provided that the revised Minimum Revenue Guarantee shall not exceed [****] per annum (representing a 20% increase over the current agreed Minimum Revenue Guarantee). In the event that the Parties fail to agree to new terms prior to the commencement of the Renewal Period, the Minimum Revenue Guarantee shall increase on each yearly anniversary of the commencement of the Renewal Period by an amount equal to the rate of inflation of the Consumer Price Index as calculated by the Bureau of Labor and listed at hxxxx://xxx.xxx.xxx/xxxx/#prices.
Minimum Revenue Guarantee. (1) During the Minimum Revenue Guarantee Period, but subject to the provisions of subsection (2) below, Xxxxx shall pay to Licensee, on a Quarterly basis, an amount equal to the shortfall, if any, between the Quarterly Minimum Revenue Guarantee and the Revenue for that Quarter (the “Minimum Revenue Guarantee Payment”), except if that shortfall is caused by the termination of the Services and License Agreement in accordance with Section 18.1 or Section 18.2 of the Services and License Agreement.
(2) In any Quarter immediately following a Quarter in respect of which a Minimum Revenue Guarantee Payment was made pursuant to the provisions of subsection (1) above, but not in the first Quarter following an annual reconciliation completed pursuant to the provisions of subsection (3) below, Licensee will pay to Licensor a refund equal to the amount by which, if any, the Revenue for that subsequent Quarter exceeds the Quarterly Minimum Revenue Guarantee, but only to a maximum amount of the Minimum Revenue Guarantee Payment that was received by Licensee in respect of the immediately preceding Quarter (the “Minimum Revenue Guarantee Refund”).
(3) At the end of each calendar year that occurs during the Minimum Revenue Guarantee Period, and at the end of the Minimum Revenue Guarantee Period, the Licensor and Licensee will perform a reconciliation whereby Licensee shall pay to Licensor the amount by which, if any, the sum of the Revenue and the Minimum Revenue Guarantee Payment for the reconciliation period exceeds the Minimum Revenue Guarantee as applicable for that reconciliation period.
Minimum Revenue Guarantee. Citizens guarantees Vendor will be paid at least $2,000 each month for the duration of the contract, regardless of the number of calls handled in the month. In exchange, Xxxxxx agrees to be ready and able to handle 10,000 CAT Response calls per day on 72-hour notice If a CAT Event occurs and Vendor is unable to handle this minimum volume of CAT Response Calls, Citizens may (i) revoke the minimum revenue guarantee going forward, and (ii) recapture any prior payments to the extent services were not actually rendered.
Minimum Revenue Guarantee. Client shall be obligated to guarantee minimum transactional revenue to RBS Xxxx, as specified in the attachments. Client will be required to provide a reserve deposit in an amount as specified in Schedule A. The minimum monthly revenue commitment shall include only recurring transactional fees. It will not include card costs, enrollment fees, implementation fees, training fees, API or web hosting fees, IVR and customer fees, or any other non-transactional, non-recurring fees. At the conclusion of each month, RBS Xxxx shall determine the amount of recurring transactional revenue produced collectively by the Programs sold by Client. RBS Xxxx will give the Client seven (7) months from the execution date of this agreement to ramp up to the monthly minimum. After seven months, should Client not meet the minimum monthly revenue commitment, then RBS Xxxx will deduct the difference from the Client reserve provided for that purpose. Client then shall be obligated to replenish that sum deducted from the reserve within 10 business days. Failure to replenish the reserve account will result in the withholding of Client’s residual compensation payments. Should failure to replenish the reserve account continue for thirty (30) calendar days RBS Xxxx reserves the right to terminate this Agreement without further notice and/or disable the Client’s access to the CashLynk system, or any such actions deemed necessary by RBS Xxxx management to effectuate a remedy. Notwithstanding the obligations set forth in this Agreement and all Program Applications, hereunder, nothing herein shall be construed to require Client to provide any minimum or guaranteed number of Cards or Cardholders.
Minimum Revenue Guarantee. Concessionaire hereby guarantees that the aggregate amount of payments received by Sagent from Concessionaire under this Agreement during each of Year 1, Year 2 and Year 3 shall equal or exceed the amounts of [*] dollars ($[*]), [*] dollars ($[*]) and [*] dollars ($[*]), respectively (the "Guaranteed Minimums"). Within thirty (30) days after the end of each of Year 1, Year 2 and Year 3, Concessionaire shall pay Sagent the difference between the applicable Guaranteed Minimum and the actual aggregate amount of payments received by Sagent from Concessionaire under this Agreement during such Year 1, Year 2 or Year 3, respectively, if such actual aggregate amount is less than the applicable Guaranteed Minimum.
Minimum Revenue Guarantee. Distributor hereby guarantees that the aggregate amount of payments received by Licensor from Distributor under this Agreement during the Term shall equal or exceed the amounts of in the currency of ( ) respectively (the "Guaranteed Minimums"). Within thirty (30) days after the end of each Term Distributor shall pay Licensor the difference between the applicable Guaranteed Minimum and the actual aggregate amount of payments received by Licensor from Distributor under this Agreement during such Term respectively, if such actual aggregate amount is less than the applicable Guaranteed Minimum.
Minimum Revenue Guarantee. Distributor hereby guarantees that the aggregate amount of payments received by Sagent from Distributor under this Agreement during each of Year 1, Year 2 and Year 3 shall equal or exceed the amounts of [*] dollars ([*]), [*] dollars ([*]) and [*] dollars ([*]), respectively (the "Guaranteed Minimums"). Within thirty (30) days after the end of each of Year 1, Year 2 and Year 3, Distributor shall pay Sagent the difference between the applicable Guaranteed Minimum and the actual aggregate amount of payments received by Sagent from Distributor under this Agreement during such Year 1, Year 2 or Year 3, respectively, if such actual aggregate amount is less than the applicable Guaranteed Minimum.
Minimum Revenue Guarantee. Subject to Section 5.2 below, during the Term AOL will pay CNN a total minimum revenue guarantee of $6,266,666.00 (the “Minimum Revenue Guarantee”). The Minimum Revenue Guarantee shall be payable by AOL to CNN on a monthly basis in installments equal to $261,111.00 per month on the first (1st) day of each calendar month during the Term.
Minimum Revenue Guarantee. Within twelve (12) months of executing this Agreement, Client agrees to generate sufficient transactions through their eStore that will generate minimally One Hundred Thousand Dollars ($100,000) of Net Revenue per month for the Company. If the Client fails to generate sufficient transactions through their eStore resulting in less than One Hundred Thousand Dollars ($100,000) of Net Revenue for any given month for the Company, the Client will pay the Company an amount equal to One Hundred Thousand Dollars ($100,000) less the actual Net Revenue generated by the Client for the Company for the month.
