Minimum Annual Payments Sample Clauses

Minimum Annual Payments. The Annual Payment must not be less than the Minimum Amount.

Minimum Annual Payments. The parties agree that Osm Kft shall be responsible for the Initial Contract Year Minimum Payment which payment shall not be waived in the event Mallinckrodt does not obtain sufficient Manufacturing Quota for the first Contract Year or in the event Osm Kft does not obtain sufficient Procurement Quota for the first Contract Year, After the first Contract Year, the minimum payments and minimum purchase requirements for the then-current Contract Year shall terminate and be of no further force or effect if the Agreement is terminated.

Minimum Annual Payments. The Annual Payment must not be less than the “Minimum Amount”, which is the amount prescribed under the Tax Act as the minimum amount to be paid out of a RRIF each year.

Minimum Annual Payments. (i) In the event that the aggregate amount actually paid by Distributor to GDTI under this Agreement with respect to the licensing and distribution of the Products and performance of the Support Services during the twelve (12) month period commencing six (6) months from the Effective Date (“Year 1,” and such aggregate amount, the “Year 1 Actual Payment”) is less than the minimum annual payment for Year 1 shown on Schedule C (the “Year 1 Minimum Payment”), Distributor shall pay GDTI a 10% penalty on the balance not achieved in “Year 1” and the balance of the “Year 1 Minimum Payment” not achieved will be additive to the next subsequent year and the amount by which the Year 1 Minimum Payment exceeds the Year 1 Actual Payment, such payment to be made to GDTI within forty-five (45) days after the end of Year 1. (ii) In the event that the aggregate amount actually paid by Distributor to GDTI under this Agreement with respect to the licensing and distribution of the Products and performance of the Support Services during the twelve (12) month period immediately following Year 1 (“Year 2,” and such aggregate amount, the “Year 2 Actual Payment”) is less than the minimum annual payment for Year 2 shown on Schedule C (the “Year 2 Minimum Payment”), Distributor shall pay GDTI a 10% 10 penalty on the balance not achieved in “Year 2” and the balance of the “Year 2 Minimum Payment” not achieved will be additive to the next subsequent year and the amount by which the Year 2 Minimum Payment exceeds the Year 2 Actual Payment, such payment to be made to GDTI within forty-five (45) days after the end of Year 2. (iii) In the event that the aggregate amount actually paid by Distributor to GDTI under this Agreement with respect to the licensing and distribution of the Products and performance of the Support Services during any twelve (12) month period after Year 2 (each such period, a “Subsequent Year,” and such aggregate amount, the “Subsequent Year Actual Payment”) is less than the minimum annual payment for each Subsequent Year shown on Schedule C (the “Subsequent Year Minimum Payment”), Distributor shall pay GDTI a 10% penalty on the balance not achieved in “Subsequent Year” and the balance of the “Subsequent Year Minimum Payment” not achieved will be additive to the next subsequent year if the agreement is mutually extended and the amount by which the Subsequent Year Minimum Payment exceeds the Subsequent Year Actual Payment for the applicable Subsequent Year, such payment ...

Minimum Annual Payments. MATERIA agrees to pay to BC the following non-refundable payments; each such payment to be creditable against the Payments that are due under Section 6.2, below, with respect to the period beginning on the due date of that payment and ending with the day before the due date of the next following payment: Due Date Payment Amount January 1, 2004 [REDACTED] January 1, 2005 [REDACTED] January 1, 2006 and each January 1 thereafter

Minimum Annual Payments. Licensee shall make the following minimum annual payments to ▇▇▇▇▇: (a) on the first anniversary of the Effective Date, [**************] dollars ($[******]); (b) on the second anniversary of the Effective Date, [*******************] dollars ($[*******]); and (c) on the third anniversary of the Effective Date and each succeeding anniversary of the Effective Date that occurs prior to the termination of the Royalty Period, [*************************] dollars ($[*******]). Each such payment shall be payable by Licensee within twenty (20) days of its receipt of ▇▇▇▇▇’▇ invoice therefor and shall be fully creditable against any Development Milestone Payments or Royalty Payments falling due to ▇▇▇▇▇ during the two years following the date on which the payment is made.

Minimum Annual Payments. The Annual Payments each Year cannot be less than the minimum amount (the “Minimum Amount”) prescribed under the Tax Act, as the minimum amount which must be paid out of a RRIF each Year. The Minimum Amount may be determined on the basis of the age of the Annuitant's Spouse, if the latter is younger than the Annuitant.

Minimum Annual Payments. To maintain a license to the Licensed Patents, Licensee agrees to make annual minimum payments that shall start on the third (3rd) anniversary of the Effective Date of the Agreement as follows: $ [*] in Year 4 (third anniversary of this agreement) $ [*] in Year 5 $ [*] in Year 6 $ [*] in Year 7 and every anniversary thereafter as long as the license is in effect. If at the end of any year in which the minimum annual payments are due, Licensee has not paid Royalties above the minimum annual payment for that year, then Licensee will pay VCU the difference between the minimum annual payment and the Royalties paid during that year within thirty (30) days after the end of the applicable year. (a) Hire technical consultant by month 2 (b) Raise $500,000 paid-in-capital within 12 months of the Effective Date

Minimum Annual Payments. During each twelve (12) month period of the Agreement commencing on the Effective Date, until the commencement of the Phase III Clinical Trial (including pro-rata the last 12 month period), NWBio agrees to pay Cytogen minimum annual payments of Ten Thousand Dollars ($10,000) per year.