Common use of Minimum Annual Fee Clause in Contracts

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. HRT O&G shall pay Air Amazonia the total minimum annual fees during the TermTerm and each extended Year, 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 applicable Year (“Minimum Annual Fee”).