Common use of Payments to be Determined Each Year Clause in Contracts

Payments to be Determined Each Year. At the beginning of each Year You must advise Us what the Annual Payment will be, unless We permit You to do so at some other time. If You do not so advise Us, then the Annual Payment for that Year is the Minimum Amount.

Payments to be Determined Each Year. At the beginning of each Year Year, You must advise Us what the Annual Payment will be, unless We permit You to do so at some other time. If You do not so advise Us, then the Annual Payment for that Year is the Minimum Amount.