Minimum Weekly Fees Sample Clauses

Minimum Weekly Fees. The parties are entering into this Agreement with the understanding and agreement that Licensee will generate sufficient Gross Revenues from the Business for the first Operating Year of the Initial Term to enable Licensee to pay a Minimum Annual Fee during the first Operating Year equal to Three Hundred Thousand Dollars ($300,000.00) and, further, Licensee will generate sufficient Gross Revenues from the Business for the second Operating Year of the Initial Term to enable Licensee to pay a Minimum Annual Fee during the second Operating Year equal to Five Hundred Thousand Dollars ($500,000.00). Beginning with the third Operating Year of the Term and each Operating Year thereafter, the foregoing Five Hundred Thousand Dollars ($500,000.00) Minimum Annual Fee will be adjusted as provided in Section 5(c) below. The Annual Minimum Fee will be paid in fifty-two (52) equal installments over the applicable Operating Year (the “Minimum Weekly Fee”). The Minimum Weekly Fee for any partial week during the Term shall be calculated as provided in Section 1(n) above. If the total Gross Revenues from the Business for any week during any Operating Year are not sufficient to generate a weekly Concession Fee which equals or exceeds the Minimum Weekly Fee for such week, then Licensee will pay, in addition to the Concession Fee for that week, a Weekly Adjustment for such week. Such Weekly Adjustment will be deducted from Gross Revenues and retained by UCDP prior to paying Licensee’s Share to Licensee for any week that the Concession Fee does not equal or exceed Minimum Weekly Fee. Excepting only as specifically provided otherwise herein with regards to the abatement of the Minimum Weekly Fees for the first sixty (60) days of the Initial Operating Year, the Minimum Weekly Fees shall not be subject to any reduction, whether by virtue of any Deferred Concession Fee or for any other reductions or payments due hereunder; provided, however, in determining whether any Weekly Adjustment is due, the weekly Deferred Concession Fee shall not be deducted from the weekly Concession Fee prior to calculating the Weekly Adjustment, if any, {For example, if Gross Revenues are $8,000.00 for one week of the first Operating Year, the Concession Fee for that week would be $2,400.00 (30% of $8,000.00), the Minimum Weekly Fee for that week would be $600,00 ($3,000.00 - $2,400.00), the Deferred Concession Fee for that week would be $800.00 (10% of $8,000.00), then UCDP would deduct the foregoing Defe...
Sample 1
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Minimum Weekly Fees 
Sample 1

Related to Minimum Weekly Fees

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

  • Monthly Fee 2.1 The monthly fee is € . The monthly fee includes value-added tax at the statutory rate, which is currently 19%. In the event of changes to the statutory value-added tax payable and/or if any additional taxes/levies have to be paid, the fee specified above may be recalculated accordingly.

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • 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 Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • 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.

  • Minimum Benefits If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant to this Section 4(a) shall be provided within 30 days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be provided in accordance with the terms of the applicable plan, program or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following the Termination Date for purposes of any plan, program, or arrangement.

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

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