Revenue Guarantee. 10.1.1 The Bank Guarantee towards Revenue Guarantee payable at Pune shall be issued from any Scheduled Commercial Bank having branch in India and remain valid for the License Period plus six months.
10.1.2 The Revenue Guarantee shall be submitted as the amount equivalent to the Annual License Fee quoted for the Third (3rd) year of the License Period as per the Financial Bid submitted by the Bidder and as per the terms and conditions of the License Agreement for each xxxxx xxxxxxx.
10.1.3 If Successful bidder exit from the License Agreement, then Maha-Metro shall forfeiture the Revenue Guarantee.
10.1.5 Maha-Metro reserves the right for deducting the dues from Successful Bidder’s Revenue Guarantee for: -
a. Any penalty imposed by Maha-Metro for violation of any terms and conditions of agreement committed by the Successful Bidder.
b. Any amount which Xxxx-Metro becomes liable to the Government/Third party due to any default of the Successful Bidder or any of his director/ employees/ representatives/ servant/ agent, etc.
c. Any payment/ fine made under the order/judgment of any court/consumer forum or law enforcing agency or any person duly empowered in his behalf.
d. Any outstanding payment/ claims of Maha-Metro remained due after completion of relevant actions as per this Agreement.
Revenue Guarantee. Under Wisconsin law applicable on the Effective Date of this Agreement, the State of Wisconsin is required to make utility aid payments to the Town if a solar generating system like the Project is located in the Town. If applicable laws should change during the life of the Project reducing the amount of these state payments, Developer shall compensate the Town in an amount to equal the amount of annual utility aid payments required under laws applicable on the effective date of this Agreement less any annual property taxes paid by the Developer to the Town for the Site and less any other annual payments to the Town that are adopted to replace the utility aid payments. Such payments shall be made annually by the Developer to the Town no later than January 31 of the year following the year for which payment is made.
Revenue Guarantee. For the first five (5) calendar years of the initial seven (7) year term of the Service Agreements (the "Five Year Period"), Cobalt, on behalf of each of the Cobalt affiliates indicated as parties to the Service Agreements on Exhibit F, hereby guarantees that IRG shall receive the Aggregate Revenue Floor (as defined below) under the Service Agreements as provided in this Section 4.2(b). For each calendar year during the Five Year Period, Cobalt shall pay to IRG the amount, if any, by which the Aggregate Revenue Floor for such year exceeds the actual aggregate revenue earned by IRG under all Service Agreements still in effect as of the end of such year (including revenue received by, and revenue payable to, IRG for services rendered during such year) (such amount referred to herein as the "Guaranteed Revenue"). The "Aggregate Revenue Floor" for each such year shall equal the revenue projected to be earned by IRG under the Service Agreements during 2002 (excluding revenues earned from the RxCel line of business), as reflected in IRG's annual operating plan for 2002 attached as Exhibit G to this Agreement (the "2002 AOP"), multiplied by the following percentage for such year: Year Percentage 2002 90% 2003 85% 2004 80% 2005 75% 2006 70% For purposes of determining the Guaranteed Revenue, if any, that Cobalt shall pay to IRG for 2002, any revenue earned by IRG for services provided on or after January 1, 2002 through the Closing Date shall be included in the aggregate revenue earned by IRG under the Service Agreements for 2002. For purposes of determining the Guaranteed Revenue, if any, that Cobalt shall pay to IRG for any year during the Five Year Period, (i) any revenue earned under any Service Agreement terminated (pursuant to the terms therein) prior to the end of such year shall be excluded from the aggregate revenue earned by IRG under the Service Agreements for such year and (ii) any revenue projected to be earned by IRG under any Service Agreement so terminated shall be excluded from the projected revenue under the 2002 AOP used to calculate the Aggregate Revenue Floor for such year. The Guaranteed Revenue, if any, owed by Cobalt to IRG for each calendar year during the Five Year Period shall be determined (as provided in this Section 4.2(b)) and mutually agreed upon in good faith by Cobalt and IRG within sixty (60) days after the end of such calendar year (the "Determination Period"). Cobalt shall pay IRG the Guaranteed Revenue, if any, owed by Cobalt ...
Revenue Guarantee. The parties agree to share the liability for the $4,000,000.00 revenue guarantee contained in the “Air Service Agreement” substantially in the form of Exhibit “A”, which is attached hereto and made a part of this agreement.
Revenue Guarantee. Columbia represents to Participant that the revenue guarantee fund has a two (2) year term commencing on . Columbia represents to Participant that it has secured additional contributions from various Central Missouri public and private entities and will be deposited by Columbia in an interest bearing account known as the Central Missouri Air Service Fund (the "Fund"), to be administered and used by Columbia to assist in meeting any potential revenue guarantee obligations to one or more airline under an Air Service Agreement which will be negotiated at a future date.
Revenue Guarantee. (a) All of the Customer Accounts are presently receiving services from the Seller. The Seller guarantees to the Purchaser that the Customer Accounts will collectively generate for services rendered during January, February and March 1997 (the "Test Period") average monthly revenues of not less than [OMITTED; filed separately with the Commission] (the "Required Revenues"). Actual average monthly revenues for the Test Period shall include amounts pre-billed by Seller for services to be rendered during the Test Period.
(b) In the event that the actual average monthly revenues for the Test Period are less than the Required Revenues, an amount equal to [OMITTED; filed separately with the Commission] times the deficiency shall be deemed to be the Purchaser's loss (a "Test Period Loss") as a result of the breach of the Seller's Test Period guarantee in Section 6(a); provided that lost revenue from the loss of "Large Customer Accounts" shall be treated as follows. If any "Large Customer Account" (a Customer Account with xxxxxxxx in excess of an average of [OMITTED; filed separately with the Commission] per month) terminates service prior to July 1, 1997, the Purchaser's loss (a "Large Customer Loss") shall be deemed to be an amount equal to [OMITTED; filed separately with the Commission] times the average monthly revenue from such account for September, October and November 1996, less [OMITTED; filed separately with the Commission] of the actual revenue which the Purchaser is entitled to xxxx such Large Customer Account for services provided after the Time of Closing; provided that the shortfall in revenue shall not be double counted for purposes hereof.
Revenue Guarantee. (i) In consideration for Net Grocer's exclusive status and for the Impression Guarantee, both set forth in this Agreement, Net Grocer agrees to pay the minimum Transaction Revenue fees ("Revenue Guarantee" and collectively "Revenue Guarantees") as follows:
(a) in connection with Year One, Net Grocer agrees to pay iVillage a minimum of [*] ("Year One Guarantee"), and; (b) in connection with Year Two, Net Grocer agrees to pay iVillage a minimum fee of [*]("Year Two Guarantee"). Net Grocer shall pay iVillage within thirty (30) days following the end of each calendar quarter during the term of the Agreement, the payments set forth on Exhibit A (the "Quarterly Payments"), subject to provisions of this Section 3.D.
(ii) In consideration for iVillage's delivery of the Impression Guarantee for a given year, Net Grocer shall pay to iVillage, one hundred percent (100%) of that year's Revenue Guarantee. iVillage shall receive Transaction Revenue when the cumulative amount of Transaction Revenue exceeds the cumulative amount of Quarterly Payments. At the end of each quarter, the cumulative Transaction Revenue shall be calculated and if that amount equals or exceeds the cumulative Quarterly Payments, such Transaction Revenue shall be paid to iVillage.
(iii) If iVillage does not deliver the Impression Guarantee in a given year, Net Grocer shall pay to iVillage a fraction of that year's Revenue Guarantee which shall be an amount equal to the percentage of Impressions delivered by iVillage. In addition, if iVillage does not deliver the Impression Guarantee during a given quarter, Net Grocer shall suspend that amount of the Quarterly Payment which is in excess of the Transaction Revenue earned in that quarter ("Suspended Amount"), if any. Net Grocer shall pay to iVillage the Suspended Amount upon iVillage's delivery of the Impression Guarantee with respect to the under delivered quarter.
(iv) Notwithstanding anything to the contrary in this Section 3.D., in no event shall Net Grocer be required to pay any Quarterly Payment (or, if applicable, portion thereof) or Transaction Revenue to the extent that such payment, together with all other amounts paid by Net Grocer to iVillage hereunder excluding any production fees (i.e., the cumulative Quarterly Payments paid plus the cumulative amount of Transaction Revenue paid), exceeds the cumulative Quarterly Payments (including the Quarterly Payment for the quarter as to which the computation is being calculated), except and then on...
Revenue Guarantee. 17.1 Schedule B. With respect to the Stations listed on Schedule B which are represented by a KRG Firm for the entire six month period including the Months of March through August 1997, if the combined Station Net Billing of such Stations for such period, less commissions payable to the KRG Firms for Station Net Billing in such period, is less than the combined Station Net Billing for the same Stations during the same period in the Year 1996, less commissions payable to the prior representative for Station Net Billing in such period, then Katz xxxees to pay Capstar the difference between the Station Net Billing, less commissions payable for Station Net Billing in the earlier six month period, and the Station Net Billing, less commissions payable to KRG Firms for the six month period ending August 1997. Such payment shall be made on September 30, 1997.
Revenue Guarantee. Columbia represents to Participant that the revenue guarantee required under the Air Service Agreement is $600,000 and that the Air Service Agreement has a 1-year term commencing in August, 2017. Columbia represents to Participant that it has secured contributions from various Central Missouri public entities as follows: Xxxxx County 50,000.00 University of Missouri 200,000.00 Jefferson City 100,000.00 Xxxx County 50,000.00 totaling $400,000.00 (the “Public Entity Contributions”), to be deposited by Columbia in an interest bearing account known as the Central Missouri Air Service Fund (the “Fund”), to be administered and used by Columbia to assist in meeting its revenue guarantee obligations to United Airlines under the Air Service Agreement. For the purpose of providing additional funds to the Fund, Participant hereby agrees to contribute $ to the Fund, said contribution to be paid to the Fund no later than March 31, 2017.
Revenue Guarantee. Each month, Vendor guarantees Nasdaq revenue equal to the lower of:
(1) the number of Vendor's Non-Professional Subscribers in that month times $4.00, plus Vendor's per query usage in that month times $.01; or (2) $21,344.86 which equals 75% of Vendor's Non-Professional and query revenue from December, 1998.
