MINIMUM SALES VOLUMES Sample Clauses

MINIMUM SALES VOLUMES. The minimums that shall apply during each Renewal Term shall be determined as follows: (i) For the first year of any Renewal Term, such minimums (adjusted by region, if applicable) shall be the greater of: (A) the minimum in effect for each such region during the preceding fiscal year of the Agreement, adjusted under the annual rate of inflation provision to the current fiscal year, or (B) ninety percent (90%) of the trailing three fiscal years actual number achieved by BISYS (segmented by Region, if applicable). (ii) For each subsequent year of the Renewal Term, the volumes by Region determined under clause (i) above, adjusted under the annual rate of inflation provision. SCHEDULE 6 (g)- REFERRAL FORM DATE: __________________________ REFERRAL OPPORTUNITY: Institution Name:_______________________________________ Contact Name: _______________________________________ Title: _______________________________________ Contact Phone # :_______________________________________ Contact email: _______________________________________ City/State: _______________________________________ Asset Size: _______________________________________ REFERRAL FROM: Name: _______________________________________ Position/Title: ____________________________ Telephone: ____________________________ Email: ____________________________ QUALIFYING INFORMATION: Why interest in Total CS?_________________________ Who they currently use for core if applicable?: ________________________ When the existing core contract expires?________________________ Motive for replacement?:________________________________________________ Where the institution is in their decision making process?______________________
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MINIMUM SALES VOLUMES. If LICENSEE’S Net Sales in the Territory do not reach the following dollar volume levels for each Year of the Licensed Term (hereinafter “Minimum Sales Volumes”), then LICENSOR shall have the right, but not the obligation, to terminate this Agreement: The Minimum Sales Volume shall be the greater of those figures established below or 75% of the average of the actual sales for the preceding two years. Year One: (2003) $ 1,500,000 (Adjusted for August) $ 750,000 Year Two: (2004) $ 1,875,000 Year Three: (2005) $ 2,345,000 Year Four: (2006) $ 2,930,000 Year Five: (2007) $ 3,662,500 Option Terms Year Six: (2008) $ 4,578,000 Year Seven: (2009) $ 5,722,600 Notwithstanding the preceding, LICENSEE may avoid termination of this Agreement for failure to meet the Minimum Sales Volumes in a given Year by paying the GMTR due for that Year as defined below in Sections 4.2 and 4.3.
Sample 1
MINIMUM SALES VOLUMES. For Contract Years beyond the Initial Term, during each Contract Year after the Initial Term, Licensee must meet the following minimum sales volume (“Minimum Sales Volume”) of the Licensed Products using the Trademark: Contract Year Minimum Sales Volume (In Units) 2017 [**] Units 2018 (if any) [**] Units or the actual sales volume (whichever is greater) plus the percent growth of sales in the chocolate milk category for the current year over such sales for Contract Year 2017 (per IRI or similar data) Subsequent Contract Years (if any) Previous Contract Year Minimum Sales Volume or actual sales volume plus the percent growth of sales in the chocolate milk category for such Contract Year over the immediately preceding Contract Year (per IRI or similar data) For the purposes of determining whether the Minimum Sales Volumes have been met for a Contract Year, the parties agree that they will, on September 30, 2017 and each September 30 thereafter, review the previous twelve (12) month period performance against IRI data with respect to Minimum Sales Volumes or the minimum Unit Volumes for Calendar Year 2017 to determine whether the Agreement will be extended by an additional one (1) year. For example, if on September 30, 2018, the percent sales growth for the chocolate milk category (“Category Growth Target”) for the period from October 1, 2017 through September 30, 2018 is equivalent to the actual sales growth for the Licensed Products, then the Agreement shall be extended for an additional year, to expire December 31, 2019, Notwithstanding anything to the contrary contained in this Agreement, in the event that a determination made on any September 30 indicates that Licensee has failed to meet the Category Growth Target, Licensee may have the option to cure such failure to meet the Category Growth Target by reviewing the previous twelve month performance at any date between September 30 and December 31 in the period during which the Category Growth Target was not met. For purposes of this Agreement, a “Contract Year” shall be each twelve (12) month period commencing January 1 and ending each December 31 during the Initial Term and Extended Term, if any. The definition of “Unit” as used in this Agreement shall mean each 237 ml tetra prisma package containing Licensed Product.
Sample 1
MINIMUM SALES VOLUMES. Notwithstanding AKC's obligation to maximize the distribution and sales of the Products in the USA, during the term of this agreement, the targeted annual purchases by AKC from Toppers, and the minimum number of Kiosk units to be sold annually have been agreed to by both parties and set forth below for the first three years of the agreement:
Sample 1

Related to MINIMUM SALES VOLUMES

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Volume of TIPS Sales Nothing in this Agreement or any TIPS communication may be construed as a guarantee that TIPS or TIPS Members will submit any TIPS orders to Vendor at any time.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

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