Minimum Annual Fees. Each fund will be subject to the following minimum fee schedule: · $20,000 minimum annual fee per fund Index Management Solutions, LLC will manage the soft dollar program for KraneShares, LLC. IMS will have discretion over payments made using soft dollars. The above Annual Fees will be billed monthly in arrears based on the average daily market value of each Fund or at the minimum rate applied pro rata.
Minimum Annual Fees. As additional consideration for the license and other rights granted under this Agreement, Licensee shall pay to Licensor an annual non-refundable, non-creditable (except as otherwise provided in Section 4.3) license maintenance fee (“MAF”) of One Million US Dollars ($1,000,000), such fee to be payable no later than [***] following the Amendment Date and each anniversary of the Amendment Date through the expiration of the Royalty Term.
Minimum Annual Fees. Notwithstanding anything contained herein to the contrary, commencing with the first full calendar year following the first closing of the Fund and for each calendar year thereafter during the Term hereof, the minimum annual fees payable by Clarity to CIO for the Services shall be $250,000 per calendar year (“Minimum Annual Fee”), failing which CIO shall have the right to terminate this Agreement pursuant to and in accordance with Section 7.01(b)(v). Any election to terminate this Agreement by CIO due to the failure to satisfy the Minimum Annual Fee requirements in any calendar year must be made by CIO within thirty (30) days of the end of such calendar year and otherwise be in accordance with Section 7.01(b)(v) provided however, Clarity shall have the right, at their discretion, to pay to CIO a Top-Up Fee so as to satisfy the Minimum Annual Fee requirements of this Section 4.04 for the calendar year then ending. The Top-Up Fee shall be in an amount equal to the positive difference between the amount of Fees paid during such calendar year and $250,000. The payment of the Top-Up Fee shall be made, if at all, within thirty (30) days of Clarity’s receipt of written notice from CIO that the Fees paid in any such calendar year were less than $250,000. If such Top-Up Fee is paid timely, Clarity shall have satisfied for such calendar year the Minimum Annual Fee requirement and upon such payment any right or election of CIO to terminate this Agreement pursuant to Section 7.01(b)(v) shall be null and void.
Minimum Annual Fees. The following is a summary of the minimum amounts of Sublicense Fees and End User Support Fees expected during the Term of this Agreement in accordance with Section 2(f) of the Agreement: ANNUAL SALES QUOTA PERIOD ACTUAL SUBLICENSE FEES PAID ------------------------------------------ --------------------------- First 12 months from Effective Date [ * ] Each successive 12 month period thereafter [ * ] --------------- * Confidential information has been omitted from this sentence and such confidential information has been separately filed with the Securities and Exchange Commission.
Minimum Annual Fees. Company will pay minimum annual fees for the term of this Agreement to be creditable against running royalty payments for the preceding calendar year on a non-cumulative basis. Minimum Annual Fees are to be due in full and payable on January 31st of each year beginning on January 31st following the second anniversary of the Effective Date and continuing during the term of this Agreement according to the following schedule: [***]
Minimum Annual Fees. As a condition of retaining its rights under this Agreement, OEM must pay royalties to Licensor in the minimum annual amount of US $250,000 for sales made during the first full calendar year of this Agreement. Thereafter the minimum annual royalty shall increase at the rate of twenty percent (20%) per annum for each year that this Agreement is in effect. EXHIBIT C LICENSED TRADEMARKS None EXHIBIT D CONFIDENTIALITY AGREEMENT Contract No. ______________ THIS CONFIDENTIALITY AGREEMENT ("Agreement") is made by and between Special Stone Surfaces, Es3 Inc., a Nevada corporation, having its principal place of business at 6000 Xxxxx Xxxxx Drive, Suite 108, San Diego, CA 92121, on behalf of itself and its affiliates, including but not limited to, its parent, subsidiaries, and successors and any entity merged into or with Special Stone Surfaces, Es3 Inc. and Stone Mountain Finishes, Inc., a Nevada corporation, having its principal place of business at 2000 X. Xxxxxxx Road, Las Vegas, NV 89119. This Agreement is mutual and each party disclosing Confidential Information is referred to in this Agreement as "Disclosing Party", while the receiving party is referred to as "Receiving Party". This Agreement shall be effective as of the last date written below ("Effective Date"). This Agreement consists of: · this signature page · the attached Terms and Conditions Each party has read, understands and agrees to the terms of this Agreement and the undersigned represents that he or she is duly authorized to sign this Agreement on behalf of each. Special Stone Surfaces, Es3 Inc. Stone Mountain Finishes, Inc June 15, 2005 June 15, 2005 Date Date Signature Signature Rxxx Xxxxxx-Xxxxx Ross Lxxxxx-Xxxxx Print Name Print Name President President Title Title Telecopier Telecopier
Minimum Annual Fees. Each fund will be subject to the following minimum fee schedule: $35,000 minimum annual fee per fund.
Minimum Annual Fees. The following is a summary of the minimum amounts of Sublicense Fees and End User Support Fees expected during the Term of this Agreement in accordance with Section 2(f) of the Agreement: ANNUAL SALES QUOTA PERIOD ACTUAL SUBLICENSE FEES PAID ------------------------------------------ --------------------------- First 12 months from Effective Date $1.2M Each successive 12 month period thereafter $1.7M VI. APPROVED TERRITORY The following is a summary of the geographical and/or market region(s) where SPSS may sublicense the ShowCase AS/400 Port to End Users: TERRITORY RESTRICTIONS --------- ------------ Worldwide Subject to applicable U.S. export laws.
Minimum Annual Fees. Minimum annual fees will begin on January 31st the year after the Effective Date. Minimum annual fee payments begin on January 31st the year after the first commercial sale or on January 31st 2 years following the Effective Date; whichever is sooner. They are creditable against running royalty payments for the preceding calendar year: Calendar Year Minimum Annual Fees To begin following 1st anniversary of first commercial sale, or 2nd anniversary of the Effective Date, whichever is sooner. $5,000 Following 2nd anniversary of commercial sale $10,000 Following each the 3rd and 4th anniversary of commercial sale $20,000 Following 5th anniversary of commercial sale and each year thereafter $50,000
Minimum Annual Fees. As a condition of retaining its rights under this Agreement, including without limitation its right to receive technical support from IMG free of charge (as set forth in paragraph 6.2 of the Agreement), OEM must pays fees (including royalties, but excluding One Time Program Fee) to IMG in the minimum annual amount of US$25,000.
