Minimum Annual Fee. The Borrower shall pay to the Bank a minimum annual fee of Ten Thousand Dollars and no cents ($10,000.00) (the "Minimum Annual Fee"). The Minimum Annual Fee shall be payable in advance, in the manner provided in Section 2.11 herein, on the Effective Date for the first year hereunder, and on each anniversary of the Effective Date for each subsequent year. The Minimum Annual Fee shall be pro-rated for any partial year.
Minimum Annual Fee. Company shall pay MS a minimum annual fee of $2,500,000 for year one, $2,000,000 for year two, and $1,500,000 for year three. The first two payments (total of $4,500,000) will be exchanged upon the execution of this Agreement for warrants to purchase 583,333 shares of the Company's common stock (at a per share exercise price of $13.50). The form of warrant will be identical (except for exercise price) to the form of warrant provided to MS in connection with its financing transaction occurring on or about the date of this Agreement. The third payment of $1,500,00 will be paid as follows: 50% on the first day of the third year, and 50% one hundred and twenty days following the first day of the third year.
Minimum Annual Fee. Section 2.9.1 of the Loan Agreement (as amended by the April 2008 CIT) shall be deleted in its entirety and replaced with the following:
Minimum Annual Fee. An annual minimum fee for all Northern Trust services is $125,000 per annum. The obligations to pay the fees hereunder do not commence until the date of the initial public sale of shares of each Fund. ADVISERS INVESTMENT TRUST THE NORTHERN TRUST COMPANY By: By: Name: Name: Title: Title: FORM OF SCHEDULE C AML DELEGATION Dated: March 12, 2013
Minimum Annual Fee. HRT O&G shall pay Air Amazonia the total minimum annual fees during the Term, if any, in BRL of the equivalent to USD $29,000,000, which shall be due and payable by HRT O&G, regardless of the number of Aircraft provided under this Agreement or the number of Flight Hours flown during the Term (“Minimum Annual Fee”).
Minimum Annual Fee. (a) CUSTOMER will pay PG&E no less than a minimum annual fee in the amount of (the "Minimum Annual Fee") as provided in 5.l(b) below. The Minimum Annual Fee will increase on an annual basis by per year as displayed in the following table:
Minimum Annual Fee. The sum of the twelve Monthly Fees from IPN to PG&E for each calendar year shall total no less than the Minimum Annual Fee specified in Exhibit G for each calendar year. The twelve Monthly Fees in a calendar year are defined as the Monthly Fee payment pertaining to the month of January of the calendar year (paid in February), through the Monthly Fee payment pertaining to the month of December of the calendar year (paid in January of the succeeding calendar year), inclusive. IPN shall pay PG&E the difference between (1) the Minimum Annual Fee for a specified year and (2) the sum of the twelve Monthly Fees for the year, if such difference is positive.
Minimum Annual Fee. The Minimum Annual Fee is applicable in conjunction with the Monthly Fee as defined in Section 5.2 and shall equal per route mile installed. Route miles shall apply when System Segments are completed. Example Scenario 1 In 2001: • PG&E installed 000 Xxxxx miles of fiber for IPN including the installation of 4% New Trench. The Minimum Annual fee is • IPN’s gross revenue produced contributions to PG&E for the 12 Because the percentage of Route Miles installed was less than month period. Monthly Fees Paid @15% Minimum Annual Fee Monthly Fees paid is greater than the Minimum Annual Fee Net refund or payment $0 Example Scenario 2 In 2001: • PG&E installed 000 Xxxxx miles of fiber for IPN including the installation of The Minimum Annual fee is New Trench. • Monthly Fee contributions to PG&E for the 12 month period. • Because the percentage of Route Miles installed was less than 10% the Monthly Fee Revenue sharing percentage =15%. Monthly Fees Paid Monthly Fees paid is less than the Minimum Annual Fee Net refund or payment IPN Pays
Minimum Annual Fee. The paragraph entitled “Minimum Annual Fee:” in Item 5 of Exhibit B is amended to read as follows: Minimum Annual Fee: $10,000, which shall be payable in one of the following ways: (i) by cash, check, or other bank transfer, (ii) in kind (which may include, but is not limited to, providing services to Licensor), or (iii) some combination of cash and in-kind payments, as determined by Licensee in its discretion. Unless otherwise agreed, in-kind payments shall be valued, if goods, based on their retail value or, if there is no retail value, on their fair market value, and if services, based on the current market rate at which Licensee charges for such services.
Minimum Annual Fee. In accord with diligence in Article 4.1, commercial sale of the PRODUCT for the FIELD is expected in the TERRITORY. After the first year upon receipt of the first APPROVAL for the FIELD by any REGULATORY AUTHORITY in the US or Europe (as defined in Article 6.2) and for the whole term where API would manufacture, use or sell a PRODUCT which would infringe a valid, unexpired claim of one or more of the PATENTS listed in Appendix A, then API shall pay DOW the following minimum annual fee, which may be paid as earned royalty and/or cash: Minimum Annual Fees YEAR(a) US$ January 1 --------- -------- 2 - 4 * 5 - on * (a)The calendar year in which first APPROVAL is obtained is year zero. * - Confidential portions have been omitted and are on file separately with the Commission
