Initial Minimum Clause Samples
The "Initial Minimum" clause sets a baseline quantity, value, or commitment that must be met at the outset of an agreement. Typically, this clause requires one party to purchase, order, or commit to a specified minimum amount of goods, services, or financial value during the initial period of the contract. For example, a distributor may be obligated to buy at least a certain number of units in the first year. The core function of this clause is to ensure a guaranteed level of business or engagement at the start of the contractual relationship, providing predictability and security for the party supplying goods or services.
Initial Minimum. The initial minimum amount of life reinsurance on any individual policy must be greater than or equal to the amount stated in Schedule A.
Initial Minimum. AMOUNT The smallest amount of reinsurance permitted at the inception of the reinsurance transaction.
Initial Minimum. Seattle shall maintain a minimum hydraulic gradient or head at a maximum flow rate in amounts and at locations described in Exhibit II attached hereto for each Service Connection from Seattle’s Water Supply System to Water Utility’s distribution system. Such gradients and locations shall be contained in Seattle's and Water Utility’s future water system comprehensive plans. Seattle shall operate and maintain facilities necessary to carry out such obligation. If Seattle and the Operating Board find that a project resulting in the modification of such minimum gradient or head would benefit the Seattle Water Supply System as a whole, the minimum hydraulic gradient or head described in Exhibit II may be modified by Seattle if such modification is feasible from an economic, land use and engineering perspective taking into account the facilities required to carry out and for Water Utility to adapt to such modification. Seattle may make these modifications only once during any fifteen (15) year period provided that four (4) years advance written notice is given to Water Utility, unless a shorter notice is approved by the Operating Board.