Minimum Annual Fee Sample Clauses
The Minimum Annual Fee clause establishes a baseline amount that a party, typically a licensee or service user, must pay each year regardless of actual usage or sales. In practice, this means that even if the licensee's sales or use of the licensed product or service fall below expectations, they are still obligated to pay at least the specified minimum fee annually. This clause ensures the licensor or service provider receives a guaranteed level of income, thereby reducing financial risk and providing predictability in revenue.
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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. The Borrower shall pay to the Bank a minimum annual fee of Seventeen Thousand Five Hundred and 00/100 Dollars ($17,500.00) (the “Minimum Annual Fee”). The Minimum Annual Fee shall be payable in advance, in the manner provided in Section 2.11 herein, on October 15, 2009 for the first partial year hereunder, and on September 15, 2010 and each September 15 thereafter for any subsequent year. The Minimum Annual Fee shall be pro-rated for any partial year.”
Minimum Annual Fee. A minimum annual fee of Thirty Thousand Dollars ($30,000) shall be paid by the Licensee to maintain the rights granted under this Agreement.
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. 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. 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. An annual minimum fee for all Northern Trust services is $125,000 per annum.
Minimum Annual Fee. Within [***] after each anniversary of the Effective Date, the Licensee shall pay to the Licensor the relevant Annual Fee set out in Schedule 1, provided that the Annual Fee shall be reduced by the amount paid by the Licensee to the Licensor pursuant to clause 3.5 or clause 3.6 in the Year immediately preceding the relevant anniversary. In no event shall any payment be due from the Licensor to the Licensee.
Minimum Annual Fee. The minimum annual license fee payable hereunder shall be $253.00 for calendar year 2016; and for calendar year 2017 and each calendar year thereafter, the minimum annual license fee shall be the license fees for the preceding calendar year, adjusted in accordance with any increase in the Consumer Price Index, All Urban Consumers (CPI-U) between the preceding October and the next preceding October, rounded to the nearest dollar. Account Number: Premise Name:
A. Total number of "LICENSEE's employees"* as of January 1 of the current year at all "LICENSEE's business locations".** (For business locations at which operations commenced after January 1 of the current year, include the number of employees as of the date such operations commenced.)
B. Complete the following chart:
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: