Common use of Minimum Financial Commitments Clause in Contracts

Minimum Financial Commitments. (a) The Contractor shall be obligated to incur the following minimum financial commitment (the "Minimum Financial Commitment"): Phase I: Four Million Five Hundred Thousand United States Dollars (U.S $4,500,000) Phase II: Twenty Four Million Five Hundred Thousand United States Dollars (U.S $24,500,000) Phase III: Twenty Four Million Five Hundred Thousand United States dollars (U.S $24,500,000) (b) If the Contractor fulfills the Minimum Work Obligations set forth in Clause

Minimum Financial Commitments. (a) The Contractor shall be obligated to incur the following minimum financial commitment (the "Minimum Financial Commitment"): ): Phase I: Four Million Five Hundred Thousand US$15,000,000 (fifteen million United States Dollars (U.S $4,500,000) Phase II: Twenty Four Million Five Hundred Thousand United States Dollars (U.S $24,500,000) Phase III: Twenty Four Million Five Hundred Thousand United States dollars (U.S $24,500,000dollars) (b) If the Contractor fulfills the Minimum Work Obligations set forth in Clause