Minimum Annual Fee definition

Minimum Annual Fee. The asset based fees are applied to each of the portfolios and are subject to a minimum annual fee in the amount of $20,000 for the first fund and $15,000 per fund for each subsequent fund. The minimum annual fee is subject to an annual escalation equal to the increase in the Consumer Price Index - Urban Wage Earners (CPI), which escalation shall be effective commencing one year from the date of this Agreement (the "Anniversary Date") and on the corresponding Anniversary Date each year thereafter. No amendment of this Schedule B shall be required with each escalation. CPI shall be determined by reference to the Consumer Price Index News Release issued by the Bureau of Labor Statistics, U.S. Department of Labor.

Minimum Annual Fee. The asset based fees are subject to a minimum annual fee in the amount of $75,000 per Fund. The minimum annual fee is subject to an annual escalation equal to the increase in the Consumer Price Index - Urban Wage Earners (CPI), which escalation shall be effective commencing one year from the date of this Agreement (the "Anniversary Date") and on the corresponding Anniversary Date each year thereafter. No amendment of this Schedule C shall be required with each escalation. CPI shall be determined by reference to the Consumer Price Index News Release issued by the Bureau of Labor Statistics, U.S. Department of Labor. Additional fees shall apply when adding any additional Funds and/or classes, including compensation for the Administrator's services in connection with the organization of the new Fund(s) or classes. The Administrator shall provide such services and be entitled to such compensation as the parties may mutually agree in writing.

Minimum Annual Fee. Except as provided herein, with the exception of * the 2001 calendar year for which there shall be no minimum annual fee, HVT shall pay to iPIX a "Minimum Annual Fee" of which shall be measured on an annual basis and any deficiency paid within 30 days of the last day of each calendar year. With 30 days prior notice HVT may elect to terminate the obligation to pay the Minimum Annual Fee, but such election will not terminate the payment obligations in respect of Service Royalties, Software Royalties, Key Royalties and Other Royalties. From and after the date on which the obligation to pay the Minimum Annual Fee terminates, then * In measuring the Minimum Annual Fee, all amounts paid under the following shall be included: (1) Service Royalties (Section 7.1); (2) Software Royalties (Section 7.2); (3) Key Royalties (Section 7.3); (4) Other Royalties (Section 7.4); and (5) Gross Up in Service Fees (as described in the PH&D Agreement).

Examples of Minimum Annual Fee in a sentence

• The Minimum Annual Fee shall be prorated in the year that this Agreement is executed and in the year that this Agreement terminates to give effect to the number of days in which this Agreement was in effect during such year.

• If in any calendar year, the total Variable Fee that was paid to you with respect to all series does not at least equal $20,000 (the "Minimum Annual Fee"), any shortfall shall be paid to you by January 31 of the following year; provided, however, that no Minimum Annual Fee shall be paid in any calendar year in which no series of the Fund were in existence during such year.

• The Minimum Annual Fee shall be payable solely by the Investment Adviser.

• Each monthly payment is due and payable on the date specified on the Schedule of Minimum Annual Fee Payments regardless of whether Licensee has received a bill for it from Parks.

• Each monthly payment is due and payable on the date specified on the Schedule of Minimum Annual Fee Payments regardless of whether Licensee has received a xxxx for it from Parks.

More Definitions of Minimum Annual Fee

Minimum Annual Fee means the minimum fee required to be paid by Reseller to Edmodo for the use of the Service by each Customer and its respective Customer Users for each twelve (12) consecutive month period permitted under this Agreement.

Minimum Annual Fee in Item 5 of Exhibit B is amended to read as follows: Minimum Annual Fee: $10,000, which shall be payable in one of the following ways: (i) by cash, check, or other bank transfer, (ii) in kind (which may include, but is not limited to, providing services to Licensor), or (iii) some combination of cash and in-kind payments, as determined by Licensee in its discretion. Unless otherwise agreed, in-kind payments shall be valued, if goods, based on their retail value or, if there is no retail value, on their fair market value, and if services, based on the current market rate at which Licensee charges for such services.

Minimum Annual Fee means a fee in the amount of $4,000;

Minimum Annual Fee has the meaning set forth in the Loan Sale Agreement.

Minimum Annual Fee has the meaning set forth in Section 4.1.

Minimum Annual Fee means the minimum amount payable, calculated on the basis of a twelve-month period, to the City as General Compensation during any Compensation Year pursuant to Section 5 hereof.

Minimum Annual Fee is defined in Section 5.2.