Minimum Monthly Guarantee (MMG) definition
Examples of Minimum Monthly Guarantee (MMG) in a sentence
A Pilot removed from a Pairing due to an unpaid absence shall have the Credit Hours not completed deducted from their Minimum Monthly Guarantee (MMG) or the Scheduled Monthly Credit as applicable.
At FAI, the Joint Operator will pay the State, on a monthly basis, a Minimum Monthly Guarantee (MMG) or the Percentage Fee, whichever is the greater amount, of $ per month or % per month of Gross Revenues during the Five-Year Base Term.
Effective from June 20, 2016, Contractor shall pay the County the greater of either: (1) a Minimum Annual Guarantee (MAG) of Three Million One Hundred Sixty Eight Thousand Dollars ($3,168,000), which equates to $264,000/month, the Minimum Monthly Guarantee (MMG) or (2) Eighteen cents ($0.18) per minute per inmate telephone call, calculated based upon monthly call volume, other than interstate calls.
Lump-sum payments shall be based on one percent (1%) of their Minimum Monthly Guarantee (MMG) pay.
HomeWAV shall pay to the County 55% of the Gross Billable Revenue (“GBR”) for voice calls, 35% of the GBR from remote video calls, and 25% of the GBR from Messaging generated from the usage of the System installed in the Facility OR a Minimum Monthly Guarantee (MMG) of $7,500 provided that the County maintains an Average Daily Population (ADP) of at least 160 inmates in a given month, whichever is greater.