Examples of Annual Minimums in a sentence
Upon termination, Licensee will remain obligated to provide, in the form specified in Section 6.2, an accounting for and pay Royalties earned up to the date of termination and for the one (1) year period thereafter, as specified above, and any Annual Minimums prorated as of the date of termination based on the number of days elapsed in the applicable License Year.
SCHEDULE C Fees Transfer Agent: Annual fees per fund: Daily dividend fund base fee $ 25 per shareholder Variable NAV fund fee $ 23 per shareholder Annual Minimums per fund: $20,000 Multiple classes of shares: Classes of shares which have different net asset values or pay different daily dividends will be treated as separate classes, and the fee schedule above, including the appropriate minimums, will be charged for each separate class.
All Annual Minimums will be suspended for the period of a Force Majeure Event but will be re-instated if the Force Majeure Event is cured.
Licensee shall pay University a royalty on Licensee’s Net Sales of Product and Sublicensee’s Net Sales of Product accruing in such Royalty Period in the percentages set forth on Schedule 2, but in no less than the Annual Minimums stated for each year.
Licensee shall pay University Deferred Compensation Annual Net Sales Payments based on Net Sales of Product accruing in such Royalty Period in the percentages set forth on Schedule 2, but in no less than the Annual Minimums stated for each year.
The Annual Minimums for each Year will be delivered across inventory Levels A, B and C (as defined, and collectively, the "Levels").
Thereafter, the parties may mutually agree in writing to renew this Agreement for additional five (5) year terms (each a “Renewal Term,” and collectively with the Initial Term, the “Term”); subject to the parties’ agreement to review and establish, prior to the initiation of the Renewal Term and every second Contract Year thereafter during the Renewal Term, the transfer price and Annual Minimums in good faith based on material changes in the costs of manufacture and market demand.
Except as otherwise provided herein, Medafor may not reject any purchase order received from CryoLife unless such purchase order: (a) has not been forecasted pursuant to Section 3.1 and (b) is not consistent with the Annual Minimums to the extent the order exceeds the forecasted amount.
Date: July 9, 1996 SCHEDULE C ---------- FEES ---- TRANSFER AGENT: --------------- ANNUAL FEES PER FUND: Daily dividend fund base fee $ 25 per shareholder Variable NAV fund fee $ 23 per shareholder Annual Minimums per fund: $20,000 MULTIPLE CLASSES OF SHARES: Classes of shares which have different net asset values or pay different daily dividends will be treated as separate classes, and the fee schedule above, including the appropriate minimums, will be charged for each separate class.
Notwithstanding the foregoing, for any Year in which VisiJet has already submitted Firm Orders for the required Annual Minimums set forth in Schedule C, for the remainder of such Year: (a) the monthly Firm Orders required to be submitted by VisiJet shall be reduced to 50 % of the quantities set forth in Schedule C, and (b) subsections (iii) and (iv) of this Section 3.1 shall not apply.