Minimum Branded Obligated Volume Sample Clauses

Minimum Branded Obligated Volume. As used herein, the term “Annual Branded Contract Volume” means, when referring to a particular Contract Year (as defined in Section 4.5(a)) during the Term, the total number of gallons of Products set forth on the BDA Station Exhibit, to be purchased by Distributor from VMSC for the relevant Contract Year for all Branded Stations then set forth on the BDA Station Exhibit. Distributor shall have the right to take any actions allowed by this Section 4.4, so long as taking that action would not cause the Annual Branded Contract Volume to fall below (the “Minimum Branded Obligated Volume”): (i) from the Effective Date through [], 2023 - [*.*] gallons per Contract Year; (ii) from [], 2023 through [], 2024 - [*.*] gallons; (iii) from [], 2024 through [], 2025 - [*.*] gallons; (iv) from [], 2025 through [], 2026 - [*.*] gallons; and (v) from [], 2026 through the Expiration Date - [*.*] gallons per Contract Year.
Minimum Branded Obligated Volume. As used herein, the term “Annual Branded Contract Volume” means, when referring to a particular Contract Year (as defined in Section 4.5(a)) during the Term, the total number of gallons of Products set forth on the BDA Station Exhibit, to be purchased by Distributor from VMSC for the relevant Contract Year for all Branded Stations then set forth on the BDA Station Exhibit. Distributor shall have the right to take any actions allowed by this Section 4.4, so long as taking that action would not cause the Annual Branded Contract Volume to fall below (the “Minimum Branded Obligated Volume”): (i) from the Effective Date through April 30, 2023 - [*.*] gallons per Contract Year; (ii) from May 1, 2023 through April 30, 2024 - [*.*] gallons; (iii) from May 1, 2024 through April 30, 2025 - [*.*] gallons; (iv) from May 1, 2025 through April 30, 2026 - [*.*] gallons; and (v) from May 1, 2026 through the Expiration Date - [*.*] gallons per Contract Year.

Related to Minimum Branded Obligated Volume

CURRENT MONTH NET LOSS Specify loss type as Foreclosure, or Short-Sale. MONTH ENDED:[input report month] Losses Pursuant to Section 2.1 of the Single Family Shared-Loss Agreement, the undersigned hereby certifies the information on this Certificate is true, complete and correct.OFFICER SIGNATUREOFFICER NAME:TITLEExhibit 2a This exhibit contains three versions of the loss share calculation for foreclosure, plus explanatory notes. Exhibit 2a(1) CALCULATION OF FORECLOSURE LOSS Exhibit 2a(2) CALCULATION OF FORECLOSURE LOSS No Preceeding Loan Mod under Loss Share1 Shared-Loss MonthMay-092 Loan no:2923343 REO #4774 Interest paid-to-date4/30/085 Foreclosure date1/15/096 Liquidation date4/12/097 Note Interest rate8.000%8 Owner occupied?Yes9 If owner-occupied: 10 Borrower current gross annual income42,00011 Estimated NPV of loan mod195,00012 Most recent BPO235,00013 Most recent BPO date1/21/09Foreclosure Loss calculation 16 Loan Principal balance after last paid installment300,00017 Accrued interest, limited to 90 days6,00018 Attorney's fees0Foreclosure costs, including title search, filing fees, 19 advertising, etc.4,00020 Property protection costs, maint. and repairs5,50021 Tax and insurance advances1,500Other Advances 22 Appraisal/Broker's Price Opinion fees023 Inspections5024 Other025 Gross balance recoverable by Purchaser317,050Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt)205,00027 Hazard Insurance proceeds028 Mortgage Insurance proceeds029 T & I escrow account balances, if positive030 Other credits, if any (itemize)031 Total Cash Recovery205,00032 Loss Amount112,050 Exhibit 2a(3) CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan Mod 1 Shared-Loss MonthMay-092 Loan no:1385543 REO #8434 Loan mod date1/17/085 Interest paid-to-date4/30/086 Foreclosure date1/15/097 Liquidation date4/12/098 Note Interest rate4.000%9 Most recent BPO210,00010 Most recent BPO date1/20/09Foreclosure Loss calculation 11 NPV of projected cash flows at loan mod285,00012 Less: Principal payments between loan mod and deliquency2,50013 Plus: 14 Attorney's fees0Foreclosure costs, including title search, filing fees, advertising, 15 etc.4,00016 Property protection costs, maint. and repairs7,00017 Tax and insurance advances2,00018 Other Advances 19 Appraisal/Broker's Price Opinion fees020 Inspections021 Other022 Gross balance recoverable by Purchaser295,500Cash Recoveries: 23 Net liquidation proceeds (from HUD-1 settl stmt)201,00024 Hazard Insurance proceeds025 Mortgage Insurance proceeds026 T & I escrow account balances, if positive027 Other credits, if any (itemize)028 Total Cash Recovery201,00029 Loss Amount94,500Notes to Exhibit 2a (foreclosure)
Contract Year References to a “Contract Year” mean a period of time from and including January 1st through and including December 31st of the same calendar year, provided that:
Minimum Adjusted EBITDA Company shall not permit Adjusted EBITDA for any four-Fiscal Quarter period ending at the end of any Fiscal Quarter set forth below to be less than the correlative amount indicated: MINIMUM ADJUSTED FISCAL QUARTER EBITDA -------------- ------ FQ2 2004 $40,000,000 FQ3 2004 $40,000,000 FQ4 2004 $40,000,000 FQ1 2005 $40,000,000 FQ2 2005 $40,000,000 FQ3 2005 $40,000,000 FQ4 2005 $45,000,000 FQ1 2006 $45,000,000 FQ2 2006 $45,000,000 FQ3 2006 $45,000,000 FQ4 2006 $45,000,000 FQ1 2007 $45,000,000 FQ2 2007 $45,000,000 FQ3 2007 $45,000,000 FQ4 2007 $45,000,000 FQ1 2008 $45,000,000 FQ2 2008 $45,000,000 FQ3 2008 $45,000,000 FQ4 2008 and thereafter $45,000,000
Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.
Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement
MINIMUM CESSION The minimum amount of reinsurance per cession that THE REINSURER will accept is shown in Schedule A.
Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):
Minimum Consolidated EBITDA The Borrower will not permit Consolidated EBITDA for any period of four consecutive fiscal quarters ending on any date after the Restatement Effective Date to be less than $140,000,000.
2. QUANTITY 2% more or less.
Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.