Payment of Guaranteed Minimum Royalty. The Guaranteed Minimum Royalty 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 Royalty 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.
Appears in 3 contracts
Samples: Agreement (Fashion House Holdings Inc), Agreement (Fashion House Holdings Inc), Agreement (Fashion House Holdings Inc)
Payment of Guaranteed Minimum Royalty. The Guaranteed Minimum Royalty 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 Royalty 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.
Appears in 2 contracts
Samples: Agreement (Fashion House Holdings Inc), Agreement (Fashion House Holdings Inc)
