Guaranteed Minimum Royalty definition

Guaranteed Minimum Royalty shall have the meaning assigned to such term in Paragraph 8.1 hereof.

Guaranteed Minimum Royalty means an amount equal to ten percent (10%) of seventy-five percent (75%) of the Net Sales recorded by Revlon for the sales of Licensed Products for the twelve (12) month period commencing on July 1, 2020 through June 30, 2021.

Guaranteed Minimum Royalty means the minimum royalties that Licensee must pay in each Annual Period, as set forth in Paragraph 9.1.

Examples of Guaranteed Minimum Royalty in a sentence

• If either party elects to terminate this Agreement under this paragraph, Licensee shall have no further obligations for the Guaranteed Minimum Royalty beyond the date of termination (which shall be prorated if less than an Annual Period is involved) and shall be obligated to pay any Sales Royalty which is then due or becomes due.

• On January 21, 2016, ABG Tap-ouT terminated the license agreement, which was effective October 1, 2013, for failure to cure the breach of non-payment of the Guaranteed Minimum Royalty and Common Marketing Fund due January 1, 2016.

• The issue was whether the royalty calculation method specified in their leases2 violated the Guaranteed Minimum Royalty Act (“GMRA”), 58 P.S. § 33, provision mandating that leases conveying the right to remove or recover oil and natural gas must guarantee the lessor at least one-eighth royalty of all oil or natural gas removed or recovered from the subject realproperty.

• The Guaranteed Minimum Royalty for each Sales Year during the Renewal Term shall be credited only against the Sales Royalty due during the Renewal Term.

• The Sales Royalty payable for each accounting and payment period during each Annual Period shall be computed on the basis of Net Sales during such Annual Period, with a credit for any Guaranteed Minimum Royalty and Sales Royalty payments theretofore made to the Company for said Annual Period.

More Definitions of Guaranteed Minimum Royalty

Guaranteed Minimum Royalty means the minimum royalties payable in each Annual Period as set forth in Paragraph 5.2.

Guaranteed Minimum Royalty shall be amended, in its entirety, as follows:

Guaranteed Minimum Royalty. The Guaranteed Minimum Royalty for the License Term is $200,000.00 and shall be allocated and payable as follows: First Year: ----------- $60,000.00 payable as follows: $20,000.00 upon signing, but no later than November 25, 1997 $10,000.00 no later than September 15, 1998 $30,000.00 no later than December 15, 1998. Second Year: ------------ $140,000.00 payable as follows: $57,500.00 no later than March 15, 1999 $27,500.00 no later than June 15, 1999 $27,500.00 no later than September 15, 1999 $27,500.00 no later than December 15, 1999 COPYRIGHT NOTICE: "19____ [Year of Publication] Viacom International, Inc. All Rights Reserved".

Guaranteed Minimum Royalty means the non-recoupable guaranteed minimum royalty payable to LS&Co. in respect of each Annual Period for each Territory as set forth on a Schedule.

Guaranteed Minimum Royalty means the minimum Royalty payment in each Annual Period as set forth in Section 5.3 of this Agreement.

Guaranteed Minimum Royalty means the following minimum royalties to be paid by LICENSEE to LICENSOR under this Agreement:

Guaranteed Minimum Royalty add the following: In consideration for the additional rights granted hereunder to Licensee, Licensee shall pay to MTVN, an additional Guaranteed Minimum royalty of Five Thousand United States Dollars (US$5,000)(the "Australia Guaranteed Minimum Royalty") payable upon Licensee's execution of this Amendment. Licensee shall report sales of Licensed Products in Australia separately from those royalties earned in the United States, its territories and possessions, utilizing the attached Royalty Report form. In addition, it is understood and agreed that Licensee shall not have the right to cross collateralize royalties earned in respect of sale of the Licensed Products between territories (e.g. royalties earned in the United States, its territories and possessions may not be applied against royalties earned in Australia, and vice versa). The Australia Guaranteed Minimum Royalty is a one-time payment and the Licensee shall not have any obligation to make additional payments for the right to sell the Licensed Productu8s currently granted under the Agreement in Australia, other than royalties due MTVN in respect of sale of the Licensed Products in Australia.