Minimum Annual Amount definition

Minimum Annual Amount means, with respect to each Product that is sold by a Sublicensee, of the Net Sales of such Product by such Sublicensee in the relevant calendar year. “Maximum Annual Amount” means, with respect to each Product that is sold by a Sublicensee, of the Net Sales of such Product by such Sublicensee in the relevant calendar year.
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Minimum Annual Amount means, with respect to each Product that is sold by a Sublicensee, , world-wide Net Sales of such Product by such Sublicensee in the relevant Calendar Year.
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Minimum Annual Amount shall be as defined in Section 3.2 hereof, calculated and credited in accordance with Sections 3.3 and 3.4 hereof.
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Examples of Minimum Annual Amount in a sentence

  • For the 2021 and 2022 Fiscal Years, if the Limited Partner is eligible to receive the 2021/2022 Minimum Annual Amount, the Limited Partner’s target minimum amount shall be an amount between the 2021/2022 Minimum Annual Amount and $2,000,000, subject to the terms and conditions herein.

  • The Minimum Annual Amount will be adjusted annually following the first three years of the term, based on upon the percentage increase or decrease to the Consumer Price Index as determined by the United States Government.

  • Seller shall have the right in its discretion to terminate this Agreement prior to the expiration of the term only if Buyer does not pay the Minimum Annual Amount to Seller in respect of any 12 month period of the term, other than the initial 12 month period of the term.

  • On behalf of the Policy & Government Oversight Committee, Jenkins offered Resolution 2021R-315 approving the adjusted 20 Year Neighborhood Park Plan Guaranteed Minimum Annual Amount for 2022 through 2026 due to inflation.

  • By exception to Article 10-3, the Service Commission Minimum Annual Amount will be calculated prorata temporis.

  • During the Royalty Period, the Company shall pay to Ramot an amount (the “Percentage Amount”), but in any event not less than the Minimum Annual Amount and not more than the Maximum Annual Amount for each Calendar Year.

  • Each amount to be calculated and credited as set forth for any single item as described in Section 3.4(a) through (e) and (g) above will be credited only one time against both the Minimum Annual Amount and the Minimum Aggregate Amount.

  • The Service Commission Minimum Annual Amount shall be €250,000 (excl.

  • Moreover, should such Patent Challenge be rejected or dismissed the royalty rates payable to Ramot shall be tripled (including the Minimum Annual Amount, as defined in Section 7.3.2 below).

  • Each *** following the ANDA Approval, and each subsequent *** during the Term thereafter, the parties shall cooperate and work in good faith to determine whether ViroPharma is responsible for any additional payments to reach the Minimum Annual Amount and NPI shall invoice ViroPharma for such Outstanding Amount (as defined below) no earlier than *** and no later than ***.


More Definitions of Minimum Annual Amount

Minimum Annual Amount has the meaning set forth in Section 3.2.
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Related to Minimum Annual Amount

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Pro Rata Annual Bonus means the amount of Annual Bonus, multiplied by a fraction, the numerator of which is the number of days in such year during which the Executive was actually employed by the Company (or its predecessor) and the denominator of which is 365.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Aggregate Nominal Amount means the aggregate nominal amount of the Securities set out in the relevant Final Terms.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Total Nominal Amount means the total aggregate Nominal Amount of the Bonds outstanding at the relevant time.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.