Minimum Royalty Payment means the amount by which the Annual Minimum Amount for the Fiscal Year exceeds, if at all, the sum of the Quarterly Payments paid or payable for the four quarters ending in the Fiscal Year. The Minimum Royalty Payment may be paid in cash or as a Minimum Royalty Stock Payment or as a combination of cash and a Minimum Royalty Stock Payment in accordance with Section 3.05 of the Purchase Agreement.

Minimum Royalty Payment shall have the meaning specified in ----------------------- Subsection 5.10.2 hereof.

Minimum Royalty Payment means the amount set forth in Section 6.2.2.

Examples of Minimum Royalty Payment in a sentence

Within any one (1) calendar year, Lessee may use one hundred percent (100%) of that calendar year’s Advance Minimum Royalty Payment as credit against Production Royalties due Lessor within that calendar year.
Licensee will pay Licensor on or before the [quarterly/annual] payment deadline an additional amount equal to the difference between the Minimum Royalty Payment and the actual royalties paid to Licensor if the actual royalties paid to Licensor are less than the Minimum Royalty Payment.
If the total dollar amount of Production Royalties due Lessor within that calendar year exceed the dollar amount of the Advance Minimum Royalty Payment due Lessor within that calendar year, Lessee can credit all uncredited Advance Minimum Royalty Payments made in previous years against fifty percent (50%) of the Production Royalties due Lessor within that calendar year.
Although the Debtors do not anticipate any Minimum Royalty Payments will be due and owing as of the Petition Date, out of an abundance of caution, the Debtors request authority to pay any Minimum Royalty Payment that may become due and owing in the ordinary course of business.
Licensee shall pay Licensor $_______ every [quarter/year/___] as a Minimum Royalty Payment.

More Definitions of Minimum Royalty Payment

Minimum Royalty Payment is defined in Section 3.1(d).

Minimum Royalty Payment shall have the meaning set forth in Section 10.3.

Minimum Royalty Payment has the meaning specified in the First Agreement;

Minimum Royalty Payment means the minimum royalty payments as set forth in Section 10.4 of the Business Terms.

Minimum Royalty Payment means the minimum payment of royalties under Section 4.03 owed in any Calendar Year.

Minimum Royalty Payment has the meaning set forth in Section 6.3.

Minimum Royalty Payment shall have the meaning ascribed in Section 4.3 of this Agreement;