Minimum guaranteed. 5.1.1 From the financial year following that during which the first marketing of any NUTRACEUTICAL PRODUCT occurs, and in any event no later than the 2020 financial year, BIOPHYTIS shall pay SATT LUTECH an annual minimum guaranteed amount of [****].

Minimum guaranteed. From the financial year following that during which the first marketing of any PRODUCT occurs, and in any event no later than the 2023 financial year, BIOPHYTIS shall pay SATT LUTECH an annual minimum guaranteed amount of [****]. The aforementioned amounts constitute an annual minimum guaranteed in return for the granting of the exclusive rights to the PATENTS as defined in Article 2 of the LICENSE AGREEMENT, which will be deducted from the amount of royalties actually owed by BIOPHYTIS annually pursuant to Article 5.2 below. The guaranteed minimum thus defined is due each year, in December, for the financial year ending on 31 December. For clarification purposes, it is specified that in the event that for a given financial year, the amount of royalties actually due annually by BIOPHYTIS pursuant to Article 5.2 below would be: · less than the annual guaranteed minimum, and said minimum will remain wholly and irretrievably acquired by SATT LUTECH in accordance with Article 6.7 below; · greater than the annual guaranteed minimum, BIOPHYTIS is required to pay the remaining amount due in accordance with Article 5.2 of the LICENSE AGREEMENT.

Minimum guaranteed. Monthly Payments shall be charged against the Tribe's monthly distributable share of Net Total Revenues under Section 6.5; provided, however, that if the Net Total Revenues in a given month are less than $1,000,000, Manager shall advance the funds necessary to compensate for the deficiency from its own funds; and provided further that Manager's obligation to make such payment shall be reduced to the extent that the Tribe has received or receives distributions from Net Total Revenues during that Fiscal Year, on a cumulative basis, exceeding the Minimum Guaranteed Monthly Payments required under this Section 6.3. For example, if (a) the Fiscal Year commences on January 1 and (b) the Tribe receives distributions in January, February, and March totaling $5,000,000, receives no distributions in April, May and June, and receives $2,000,000 in July; then Manager would not be required to make payments from its own funds in April and May; would be required to pay the Tribe $1,000,000 in June; and would be permitted to recoup $1,000,000 of the June payment out of the payment that the Tribe would otherwise receive in July. Manager shall not otherwise be entitled to reimbursement from the Enterprise or the Tribe for payments it makes from its own funds on account of Minimum Guaranteed Monthly Payments. However, no Minimum Guaranteed Monthly Payments shall be required with respect to any months (or portions thereof) that Class II or Class III Gaming is suspended or terminated at the Facility, provided that the reason or cause of such suspension or termination is beyond the control of Manager. Further, no Minimum Guaranteed Monthly Payments shall accrue subsequent to termination of this Memorandum of Agreement.

Minimum guaranteed. Rental (herein so called) for the initial Lease Year shall be the applicable sum set forth below:

Minimum guaranteed. During the first two years of this Agreement, OEM ------------------ agrees to order from, and pay for, at least $[CONFIDENTIAL TREATMENT REQUESTED]/*/ worth of the Software (net of discounts). This minimum commitment shall be met through non-refundable cumulative Software orders as follows: -------------------------------------------------------------------------------------------------------- Period # Cumulative Commitment Order by no later than the (net of discounts) following Due Dates: -------------------------------------------------------------------------------------------------------- 1. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 2. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 3. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 4. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 5. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 6. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 7. $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- 8 $[CONFIDENTIAL TREATMENT REQUESTED]/*/ $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- Total: $[CONFIDENTIAL TREATMENT REQUESTED]/*/ -------------------------------------------------------------------------------------------------------- /*/ [CONFIDENTIAL TREATMENT REQUESTED] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDE...

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Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.
Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.
Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.
Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.
Minimum Interest In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.
Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.
Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.
Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.
Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.
Minimum Investment Subject to certain individual state requirements and except for shares issued pursuant to the DRIP, Shares may be sold only to investors who initially purchase a minimum of $5,000, subject to certain state requirements as described in the Prospectus. With respect to Selected Broker-Dealer’s participation in any resales or transfers of the Shares, Selected Broker-Dealer agrees to comply with any applicable requirements set forth in Section 2 and to fulfill the obligations pursuant to FINRA Rule 2310.

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