Guaranteed Royalty. (a) Nonni's agrees to pay a Guaranteed Royalty (defined below) per year (which shall not begin until 3 months after the execution of this Agreement) on Net Sales of Royalty Bearing Products during the first three years as set forth on the following schedule: INITIAL TERM Year 1 $ 1,100,000 Year 2 $ 1,750,000 Year 3 $ 2,100,000 (b) The foregoing guaranteed payments shall be referred to herein as the "Guaranteed Royalty" and shall be due within 45 days of said twelve month period.
Guaranteed Royalty. Broderbund guarantees that Licensor shall receive no ------------------ less than one hundred thousand dollars ($100,000) in royalties under this Agreement in the first full year of the Agreement (the "Guaranteed Royalty"). If after the first two full quarterly royalty periods, Licensor has not received $50,000 in royalties from Broderbund, Broderbund will pay the difference with the next quarterly royalty payment which shall be credited as an advance against future royalties. If after four full quarterly royalty periods, Licensor has not received $100,000 in royalties from Broderbund, Broderbund will pay the difference with the next quarterly royalty payment, which shall be credited as an advance against future royalties. The Guaranteed Royalty is non-refundable under all circumstances and is due regardless of termination of this Agreement, unless Licensor terminates the Agreement pursuant to Section 9.4 and in such case the Guaranteed Royalty paid to date is not refundable, but Broderbund shall not owe any Guaranteed Royalty not due and owing as of the date of termination.
Guaranteed Royalty. 4.2.1 Distributor shall pay a guaranteed, irrevocable, non-refundable payment (recouped against royalties as hereinafter provided) for the Sales Year (as the same may be increased in accordance with this Section 4.2.1 below, the "Guaranteed Royalty") in the amount of $13,000,000. If and to the extent that, within sixty (60) days after the Commencement Date, Riverdeep receives third party consents from one or more licensors sufficient to enable it to license the Consent-Required Products to Distributor in accordance with the terms of this Agreement (collectively, "Third Party Consents"), then, Riverdeep shall notify Distributor as to the Consent-Required Products as to which it has received such Third Party Consent prior to the end of such 60-day period and upon the expiration of such period, Distributor shall increase the Guaranteed Royalty by an amount equal to the product of (i) $2,000,000, and (ii) the sum of the allocable percentages corresponding to those Consent-Required Products as to which Riverdeep has received such Third Party Consents by the end of such 60-day period. If a request for a Third Party Consent is denied by a licensor, the Product shall be removed from Exhibit A and the same shall not be deemed to constitute a Loss Event with respect thereto.
Guaranteed Royalty. As consideration for the Agreements, Licensee will pay UTEP each Contract Year a guaranteed royalty ("Guaranteed Royalty") in the amount set forth below:
Guaranteed Royalty. Guaranteed Royalty" shall have the meaning given such term in Section 3.2(a)(ii) hereof.
Guaranteed Royalty. 4.2.1 Subject to further adjustment as provided in this Section 4.2 below, for each Sales Year during the Term of this Agreement, Distributor shall pay a guaranteed, irrevocable, non-refundable payment (recouped against royalties as hereinafter provided) as follows (for each Sales Year, the "Guaranteed Royalty").
Guaranteed Royalty. The first term of this Agreement will consist of one (1) sixteen (16) month and two twelve (12) month periods. Licensee shall pay a guaranteed minimum trademark royalty ("Guaranteed Royalty") of $150,000 for the first License Year as follows: $15,000 upon the signing of this Agreement; and $135,000 in four (4) consecutive equal quarterly installments of $33,750 payable on the first day of each calender quarter commencing January 1, 1998. The Guaranteed Royalty for each subsequent License Year shall be payable in four (4) consecutive equal quarterly installments on the first day of each calender quarter during each such License Year as set forth in paragraph S.9 of the Schedule.
Guaranteed Royalty. With respect to each Contract Year during the Contract Term, Licensee shall pay to Licensor a percentage of Minimum Net Sales in the form of a Guaranteed Royalty as set forth in the table below. Guaranteed Royalty payments are nonrefundable, and applicable towards the Earned Royalty amounts for Licensed Products due under this Agreement. Contract Year Guaranteed Royalty Percentage of Minimum Net Sales (excluding TB Stores) Year 1 $****** ******% Year 2 $****** ******% Year 3 $****** ******% Year 4 $****** ******% Year 5 $****** ******% This Agreement is contingent on payment in full of $****** no later than January 31, 2009 due and owing Licensor by Licensee under the current License Agreement by and between Licensor and Phoenix Delaware Acquisition, Inc. of as of February 2, 2009 (which may be paid in installments by Licensee, if it so chooses, between the Execution Date and January 31, 2009). This outstanding balance must be paid in full no than January 31, 2009 or this Agreement will be null and void. Exhibit G
Guaranteed Royalty. The Guaranteed Royalty shall be 60% of the Target Royalty for a Contract Year: Guaranteed Royalty ------------------ Contract Year 1998 $1,407,000 Contract Year 1999 $1,455,000 Contract Year 2000 $1,503,000 Contract Year 2001 $1,551,000 Contract Year 2002 $1,559,000 Extension Years (if applicable): Contract Year 2003 $1,695,000 Contract Year 2004 $1,743,000 Contract Year 2005 $1,791,000 Contract Year 2006 $1,839,000 Contract Year 2007 $1,887,000
Guaranteed Royalty. Licensee guarantees to Wilsxx xxxt it will pay Wilsxx xxxing the Term royalties in amounts not less than the Guaranteed Royalty indicated in the Supplement for each Contract Year.
