Minimum Expenditures Sample Clauses
The Minimum Expenditures clause sets a required baseline amount that a party must spend within a specified period under the agreement. This clause typically applies to situations where one party is obligated to invest a certain sum, such as in marketing, research, or development activities, to ensure ongoing commitment to the project or partnership. By establishing a financial threshold, the clause helps prevent underinvestment and ensures that both parties have a clear understanding of the minimum level of resources that will be dedicated, thereby reducing the risk of disputes over insufficient effort or funding.
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Minimum Expenditures. During the Lease Year commencing July 1, 2021, and each year thereafter in which Lessee fails to achieve (or exceed) an ADQ of at least 3,000 bbls/day during a 180-day period, Lessee shall make expenditures (which shall include operational costs but shall not include depreciation or corporate overhead) for the benefit of the Properties of not less than $2,000,000 per year. Any amount of Expenditures in excess of those stated above in or during any Lease Year may be carried forward to the next Lease Year. The term “benefit’ shall mean expenditures for exploration, mapping, developing or acquiring water rights, assaying, metallurgical testing, permitting, preparing feasibility studies, and construction of plant and surface facilities, including facilities constructed and/or operated on property located near the Properties. (Any acquisition of water rights shall be made in the name of the Lessor with Lessee’s right to utilize said water rights during the Term of the Lease. Lessee is responsible for maintaining and/or perfecting any newly acquired water rights and the existing Water Right in Exhibit B.) Lessee will provide Lessor with copies of all acquired data relating to such expenditures, other than data considered proprietary to Lessee or that are or include the trade secrets of Lessee, which shall become the sole property of the Lessor on termination for any reason including copies of expenditures made for those qualifying categories above.
Minimum Expenditures. (i) in respect of geological and geophysical work: ( ) US dollars;
(ii) in respect of exploration drilling: ( ) US dollars.
Minimum Expenditures. From and after the Amendment Date through the Lease Year ending June 30, 2020, Lessee shall make expenditures for the benefit of the Properties of not less than $1,000,000 per year. During the Lease Year commencing July 1, 2020 and each year thereafter in which Lessee fails to achieve (or exceed) an ADQ of at least 3,000 bbls/day during a 180-day period, Lessee shall make expenditures (which shall include operational costs but shall not include depreciation or corporate overhead) for the benefit of the Properties of not less than $2,000,000 per year. Expenditures in excess of those stated above in or during any Lease Year may be carried forward to the next Lease Year. The term “benefit’ shall mean expenditures for exploration, mapping, developing or acquiring water rights (any acquisition of water rights shall be made in the name of the Lessor with Lessee’s right to utilize said water rights during the Term of the Lease.), assaying, metallurgical testing, permitting, preparing feasibility studies, and construction of plant and surface facilities, including facilities constructed and/or operated on property located near the Properties. Lessee will provide Lessor with copies of all acquired data relating to such expenditures, other than data considered proprietary to Lessee or that are or include the trade secrets of Lessee, which shall become the sole property of the Lessor on termination for any reason including copies of expenditures made for those qualifying categories above.
Minimum Expenditures. During each Contract Year, Licensee shall spend (including promotional/trade expenditures as described in, and deductible from, the definition of Gross Sales) not less than [***] of Gross Sales for the previous twelve (12) months period on advertising, promotion and merchandising of the Licensed Products.
Minimum Expenditures. From and after the Amendment Date plus the Extension Period through the Lease Year ending June 30, 2020 plus the Extension Period, Lessee shall make expenditures for the benefit of the Properties of not less than $1,000,000 per year. During the Lease Year commencing July 1, 2020 plus the Extension Period, and each year thereafter in which Lessee fails to achieve (or exceed) an ADQ of at least 3,000 bbls/day during a 180-day period, Lessee shall make expenditures (which shall include operational costs but shall not include depreciation or corporate overhead) for the benefit of the Properties of not less than $2,000,000 per year. Expenditures in excess of those stated above in or during any Lease Year may be carried forward to the next Lease Year. The term “benefit’ shall mean expenditures for exploration, mapping, developing or acquiring water rights (any acquisition of water rights shall be made in the name of the Lessor with Lessee’s right to utilize said water rights during the Term of the Lease.), assaying, metallurgical testing, permitting, preparing feasibility studies, and construction of plant and surface facilities, including facilities constructed and/or operated on property located near the Properties. Lessee will provide Lessor with copies of all acquired data relating to such expenditures, other than data considered proprietary to Lessee or that are or include the trade secrets of Lessee, which shall become the sole property of the Lessor on termination for any reason including copies of expenditures made for those qualifying categories above. Second Amendment March 1, 2016
Minimum Expenditures. During the term of this Agreement, Licensee shall spend on consumer marketing and promotion of the Products an annual amount equal to not less than [*] of the Gross Sales for the previous 12 month period, or for the initial 12 month period, [*] of the Gross Sales for that period. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC") PURSUANT TO SEC RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Minimum Expenditures. During Years (1-3) of this lease, Lessee shall make expenditures for the benefit of the Properties of not less than $1,000,000 per year. During each year of Years (4-6) of this Lease, Lessee shall make expenditures for the benefit of the Properties of not less than $2,000,000 per year. Expenditures in excess of those stated above in any one calendar year may be carried forward to the next year. The term “benefit” shall mean expenditures for exploration, mapping, developing water rights (not acquisition), assaying, metallurgical testing, conducting pilot operations, permitting, preparing feasibility studies, and construction of plant and surface facilities. Lessee will provide Lessor with copies of all acquired data which shall become the sole property of the Lessor on termination for any reason including copies of expenditures made for those qualifying categories above.
Minimum Expenditures. (a) Except as set forth in subdivision (ba) of this section, Qualified Residential Rental Projects involving the rehabilitation of existing buildings must complete a minimum of $15,000 in hard construction costs per unit.