Guaranteed Minimum Royalties. Licensee agrees to pay to Licensor ---------------------------- Guaranteed Minimum Royalties ("GMR") in the following amounts for each Year of the Term: Year GMR ---- --- 1 (15 months) *** 2 *** 3 *** 4 *** 5 (option period) *** 6 (option period) *** 7 (option period) *** 8 (option period) *** 9 (option period) *** 10 (option period) *** *** Confidential portion omitted and filed separately with the Securities and Exchange Commission.
Guaranteed Minimum Royalties. Licensee shall pay Licensor the below guaranteed minimum royalties for each calendar year within thirty (30) days of the end of such calendar year (i.e., by January 30th of the immediately following year) during the Term (“Guaranteed Minimum Royalties”), except that the Guaranteed Minimum Royalty for the calendar year ending December 31, 2007 (the “2007 Guaranteed Minimum Royalty”) shall be due upon the earlier of (i) the date of Licensee’s receipt of funds from the closing of the Rights Offering and, if required, the Back-Stop (each as defined in the Membership Interest Purchase Agreement dated as of June 1, 2007 by and among Licensee, CKX, Inc., and Flag Luxury Properties, LLC, as amended) or (ii) April 1, 2008, provided that if the 2007 Guaranteed Minimum Royalty is paid to Licensor after December 1, 2007 it shall bear interest as set forth in the table below. The Guaranteed Minimum Royalty shall be non-refundable but actual royalties paid during the applicable calendar year shall be applied against the Guaranteed Minimum Royalty. Notwithstanding any of the foregoing, any direct payments made by a Project Company or other Person that holds a Site License to Licensor shall be applied against the Guaranteed Minimum Royalties due to Licensor hereunder. Calendar Year Amount Calendar year ending December 31, 2007 $9,000,000, plus interest on any amount thereof paid after December 1, 2007, from December 1, 2007 until the date of payment at the following interest rates: From December 1, 2007 through December 31, 2007 - the then current prime rate as quoted in The Wall Street Journal (the “Prime Rate”) plus 3% per annum; From January 1, 2008 through January 31, 2008 — the then current Prime Rate plus 3.5% per annum; From February 1, 2008 through February 29, 2008 - the then current Prime Rate plus 4.0% per annum; and From and after March 1, 2008 — the then current Prime Rate plus 4.5% per annum. Calendar year ending December 31, 2008 $9,000,000 Calendar year ending December 31, 2009 $9,000,000 Calendar year ending December 31, 2010 $18,000,000 Calendar year ending December 31, 2011 $18,000,000 Calendar year ending December 31, 2012 $18,000,000 Calendar year ending December 31, 2013 $22,000,000 Calendar year ending December 31, 2014 $22,000,000 Calendar year ending December 31, 2015 $22,000,000 Calendar year ending December 31, 2016 $22,000,000 Every calendar year thereafter during the Term The Guaranteed Minimum Royalty for the immediately previous calendar yea...
Guaranteed Minimum Royalties. Licensee shall pay to MSK minimum annual royalties of [ * ] on the [ * ] anniversary of the Effective Date and on each subsequent anniversary until [ * ] ; provided that for as long as Licensee [ * ] , such obligation to pay such minimum annual royalties shall not be applicable. Each such minimum annual royalties payment shall be creditable against earned royalties for the same annual period actually owed by Licensee to MSK under Section 5.1(b) based on sales during such period after such payment.
Guaranteed Minimum Royalties. 3.2.1 Notwithstanding the amount of Royalties computed and payable under Paragraph 3.1, the Guaranteed Minimum Royalties to be paid from Licensee to Xxxxx for each Annual Period during the Term shall be as follows: for the First Annual Period, the amount of $ ; for the Second Annual Period, the amount of $ ; and for the Third Annual Period, the amount of $ .
Guaranteed Minimum Royalties. Beginning with the second year of the Initial Term, and for each year thereafter, Licensee shall pay to Licensor no less than the Guaranteed Minimum Royalties set forth in the following schedule. Guaranteed Minimum Royalties shall be comprised of all License Fees, royalties and Joint Venture Royalties collected by Licensee and paid to Licensor. 1998 $ 245,000.00 1999 $ 490,000.00 2000 $ 735,000.00 2001 $ 915,000.00 2002 $1,215,000.00 2003 $1,458,000.00 2004 $1,758,000.00 2005 $2,108,000.00 2006 $2,508,000.00 2007 $2,960,000.00 For all years after 2007, the Minimum Guaranteed Royalties to be paid per year shall be increased by eight (8%) per cent per year for each year the agreement remains in effect. Minimum Guaranteed Royalties shall be paid to Licensor by Licensee within thirty (30) days after the last day of each calendar quarter, beginning no later than the quarter ended December 31, 1998.
Guaranteed Minimum Royalties. If I am eligible for payment under paragraph 4(b) (i), Topps shall pay the greater of Fifteen Hundred Dollars ($1,500) or two-thirds of the average of total royalties earned for each player under paragraph 4(c) during the preceding three Baseball Seasons, which shall include any amount paid to me or the MLBPA under paragraph 4(b) (i). Payments under this paragraph 4(d) will be made whether or not they are earned as royalties. To the extent they exceed the amount payable to me and to the MLBPA under paragraph 4(b) (i), these minimum guaranteed royalty amounts shall be payable to the MLBPA on my account in two equal installments on the fifteenth day following the close of Topps' quarterly accounting periods ending closest to September 1 and December 1 in each year.
Guaranteed Minimum Royalties. If the total of the royalties due to Licensor from Licensee, pursuant to subparagraphs 4(a) and 4(b) hereof, during any calendar year (starting with Calendar year 1998) during the Term of this Agreement is less than $15,000,000 (hereinafter the 'Annual Minimum Royalty'), Licensee agrees to pay Licensor the difference between the Annual Minimum Royalty and the total of the royalties (hereinafter the 'Difference Payment') due for the prior calendar year. Any such Difference Payment shall be paid no later than 90 days after the last day of December of the prior calendar year. Notwithstanding the foregoing, Licensor has deferred $1,000,000 of the Difference Payment for calendar year 2001 so that Licensee shall not be obligated to pay said $1,000,000 until on or before December 31, 2002. Licensee shall pay Licensor interest on said deferred amount at a rate of 3% per year from March 31, 2002."
Guaranteed Minimum Royalties. (i) ENDO shall pay to NOVARTIS AG the following amounts as guaranteed minimum annual royalty payments (“Guaranteed Minimum Royalties”): Agreement Year Guaranteed Amount Year 1 $ 0 Year 2 $ 0 Year 3 $ 0 Year 4 $ *** Year 5 $ *** Each Renewal Term $ ***
Guaranteed Minimum Royalties. Paragraph 7 of the License Agreement is deleted in its entirety and replaced with the following: "Siboney will pay NECTAR a guaranteed minimum royalty payment totaling $350,000 (in U.S. Dollars). This guaranteed royalty will accrue in specified amounts (each, a "Guaranteed Amount") for certain periods (each, a "Guarantee Period) and be payable as follows: $100,000 will accrue on December 31, 1999 and be payable January 31, 2000; $125,000 will accrue on December 31, 2000 and be payable January 31, 2001 and $125,000 will accrue on December 31, 2001 and be payable January 31, 2002. Earned Royalties will be credited against the applicable Guaranteed Amount, if any. Earned Royalties for any Guarantee Period in excess of the Guaranteed Amount for that period shall be credited dollar for dollar to reduce the Guaranteed Amount for the following guarantee period. For example, if Earned Royalties accrued as of December 31, 1999 total $120,000, then the Guaranteed Amount payable January 31, 2001 shall be reduced to $105,000. The guaranteed minimum royalty payment does not affect Siboney's obligation to pay all Earned Royalties accrued during a particular period."
Guaranteed Minimum Royalties. Licensee shall pay to Licensor the Guaranteed Minimum Royalties opposite the respective Contract Years: Contract Year Minimum Guaranteed Royalty 1 $1.5 million 2 $4 million 3 $5.0 million 4 $5.875 million 5 $6.75 million Each year of any Renewal Term $6.75 million Minimum Guaranteed Royalties will be due and payable on a Contract Quarterly basis, as more specifically set forth below.
