Payments Required definition
Examples of Payments Required in a sentence
Any other payments or recoveries received by the LGCB after a Minimum Payment Default shall be applied, as directed by the LGCB at its sole option, (a) first, to amounts due for any Additional Charges, and (b) second, to any Daily Payments, Required Payments, or Minimum Payment due for any Fiscal Year other than the Fiscal Year in which the Minimum Payment Default has occurred (collectively, the "Other Fiscal Year Payments").
Only when such Additional Charges and all Other Fiscal Year Payments are paid current will any payments or recoveries be applied to the Guaranty Obligation under this Guaranty Agreement; provided, however, Daily Payments, Required Payments or Minimum Payments paid by the Company during a Covered Fiscal Year shall be applied to the Minimum Payment for that Covered Fiscal Year.
The Last Payment Date, as described in Section E: Payments Required of the Disclosure Statement Part of this Agreement.
Daily Payments, Required Payments or Minimum Payments paid by the Company during any of the Four Covered Fiscal Years shall be applied to the Minimum Payment for the Fiscal Year in which it is due during any of the Four Covered Fiscal Years.
Daily Payments, Required Payments or Minimum Payments paid by the Company during a Covered Fiscal Year shall be applied to the Minimum Payment for that Covered Fiscal Year.
Any other payments or recoveries received by the LGCB after a Minimum Payment Default shall be applied, as directed by the LGCB at its sole option, (a) first, to amounts due for any Additional Charges, and (b) second, to any Daily Payments, Required Payments, or Minimum Payment due for any prior Fiscal Year other than the Fiscal Year in which the Minimum Payment Default has occurred (collectively, the "Other Fiscal Year Payments").
Further, in no event shall the aggregate total of Daily Payments, Required Payments and the Minimum Payment to the LGCB under this Guaranty for the three Fiscal Years beginning on April 1, 2002, April 1, 2003 and April 1, 2004 exceed SIXTY MILLION DOLLARS ($60,000,000.00) for each of the three Fiscal Years, plus, and in addition thereto, any interest and attorneys' fees applicable to the Guaranty Obligation provided for in the COC or in this Guaranty.
Licensee shall pay (subject to paragraph (b) of Section 5.1, Section 5.2, and Section 5.3) all Required Royalties (at the four percent (4%) rate) due and payable before any such final determination of invalidity and during the pendency of any validly challenge, and Licensee is not entitled to any refund or credit for any past due Minimum Guaranteed Payments, Required Royalties, or the Guaranteed License Issue Fee payments.
LICENSEE shall pay all Minimum Guaranteed Payments due and payable before any such election to terminate the exclusivity in accordance with clause (x) above and LICENSEE is not entitled to any refund or credit for any past Minimum Guaranteed Payments, Required Royalties, or the Guaranteed License Issue Fee payments.
The Lessee shall not assign, transfer or otherwise encumber this Agreement, nor sublet all or any portion of the Premises, nor, except as may be otherwise authorized pursuant to Article 3.09 (Percentage Fee Payments Required for Provision of Service to Others), allow others to use the Premises for any commercial purpose.