First Agreement Year definition
Examples of First Agreement Year in a sentence
Each Agreement Year after the First Agreement Year, Licensee must sell a sufficient quantity of Licensed Product in Canada and the United States (each an "Initial Licensed Country"), respectively, to generate one quarter (1/4) of the applicable Minimum Royalty in each Initial Licensed Country.
Each Agreement Year after the First Agreement Year, Licensee must sell a sufficient quantity of Licensed Product in each Trade Class to generate one third (1/3) of the applicable Minimum Royalty in each Trade Class.
Following the First Agreement Year, Consultant shall provide AOL with a discount of fifteen percent (15%) from its standard rates for digital content production services performed during the Term; provided that in no event shall the rates charged by Consultant to AOL for digital content production services increase by more than five percent (5%) per successive 12-month period during the Term.
Pursuant to Section 1.5 and Exhibit F of the Agreement, the Parties agree that between July 1, 2001 and March 31, 2004, in connection with the WebMD In-Kind Obligation, WebMD shall purchase television media in each calendar quarter in the approximate amounts set forth in the table below and that WebMD will use its best efforts to provide AOL with * ($*), valued in accordance with Exhibit F, of such promotions in the First Agreement Year and in each Subsequent Agreement Year.
The first quarterly payment for the First Agreement Year is due and payable 10 days after the Commencement Date.
For the Initial and First Agreement Year, during the initial Term, the Concessionaire shall pay to the City four percent (4%) of the Gross Receipts (as hereinafter defined) in excess of the amount of the then current MG (the “Percentage of Gross” or “PG”), for the first $500,000.00 Percentage of Gross, and two and one/half percent (2.5%) for the Percentage of Gross above $500.001.00, provided that the maximum PG shall not exceed $240,000.00).
The calculation of the Minimum Annual Guarantee shall be made at the end of each Agreement Year, with the exception of the First Agreement Year.
Not less than sixty (60) days prior to the end of the First Agreement Year, the parties will meet and confer for the purpose of discussing whether BMS would be interested in funding a Full Education Program during the remaining Term of this Agreement.
During the First Agreement Year, Section 10d) shall apply, and Section 10a) through and including Section 10c), shall not apply.
In consideration of the funding set forth in section 17(b) hereof, WFHC will work with (i) its existing Health Advisory Board and (ii) a Medical Advisory Board on Cardiovascular Disease which it will create to develop an initial educational program (the "Initial Educational Program") containing those element; set forth in Exhibit A hereto and to implement such Initial Education Program during the First Agreement Year.