Common use of Payment of Guaranteed Minimum Fee Clause in Contracts

Payment of Guaranteed Minimum Fee. The Guaranteed Minimum Fee payable for each Annual Period shall be paid to the Company in four (4) equal quarterly installments on April 1, July 1, October 1 and January 1 of such Annual Period.

Payment of Guaranteed Minimum Fee. The Guaranteed Minimum Fee payable for each Annual Period shall be paid to the Company in four (4) equal quarterly installments on April 1, July 1, October 1 and January 1 of such Annual Period, except that the Guaranteed Minimum Fee for the first Annual Period shall be paid as follows: twenty five percent (25%) on each of execution of this Agreement, July 1, 2006, October 1, 2006 and January 1, 2007.