MINIMUM ANNUAL Clause Samples
The "Minimum Annual" clause establishes a required baseline amount—such as payment, purchase, or performance—that must be met by a party within each contract year. Typically, this clause obligates one party to buy or pay for a minimum quantity of goods or services annually, regardless of actual usage or demand. Its core function is to provide predictability and security for the supplier or service provider by ensuring a guaranteed level of business or revenue each year.
MINIMUM ANNUAL. QUOTA. SPSS shall endeavor to achieve the minimum annual quotas during each annual period specified in Exhibit A. These quotas consist of Sublicense Fees and End User Support Fees actually paid by SPSS to Hyperion. SPSS failure to meet such minimum shall not be considered a breach of this Agreement or a cause for termination.
MINIMUM ANNUAL. RENT Tenant shall pay to Landlord as Annual Rent for the Premises the sum of $503,316 in respect of each year of the Term, payable in advance and without notice in monthly instalments of $41,943.00 each on the Commencement Date and on the first day of each calendar month thereafter during the Term.
MINIMUM ANNUAL. Rent See Chart in Section 5(a) Subject to modification and verification in accordance with Section 2(a) hereof [See Section 5(a)]
MINIMUM ANNUAL. Volumes
(a) HPPI will purchase in each Commercial Year at least the Minimum Annual Volumes as agreed to by the parties in accordance with Schedule 5 hereof.
(b) If, in any Commercial Year, HPPI purchases less than the Minimum Annual Volumes, HPPI may elect to pay to Mayne Pharma the difference between the aggregate Prices paid for the volume of Product actually purchased for that Commercial Year and the value of the Minimum Annual Volumes for that Commercial Year, within *** of the end of that Commercial Year.
(c) If, in any Commercial Year, HPPI purchases less than the Minimum Annual Volumes and has not elected to pay to Mayne Pharma the amount under clause 12.4(b) within *** of the end of the Commercial Year, then Mayne Pharma may, with immediate effect by notice to HPPI, terminate this Agreement.
MINIMUM ANNUAL. RENT Tenant shall pay a minimum annual rent (the "Minimum Annual Rent") of Nineteen Thousand Four Hundred Forty Dollars and No/100 ($19,440.00). The foregoing shall be payable in equal monthly installments of One Thousand Six Hundred Twenty Dollars and No/100 ($1,620.00) plus applicable taxes in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the first monthly installment of Minimum Annual Rental shall be prorated daily from such date to the first day of the next calendar month and payable in advance.