MINIMUM GUARANTEE FEE Clause Samples

The Minimum Guarantee Fee clause establishes a baseline payment that one party must make to another, regardless of actual usage, sales, or performance. Typically, this clause ensures that the recipient receives a fixed minimum amount, even if the actual fees calculated under the agreement would be lower; for example, a licensor might receive a guaranteed minimum royalty from a licensee. Its core practical function is to provide financial security and predictability for the party receiving the fee, protecting them from underperformance or low activity levels.
MINIMUM GUARANTEE FEE. 8.3.1 The Minimum Guarantee Fee for each year of the Term of the Agreement after the first Agreement year shall be 85% of the total amount of Percentage Fee due from Concessionaire to the City during the preceding twelve month period.
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MINIMUM GUARANTEE FEE. 7.3.1. Beginning on the effective date of the agreement and for a period of 12 months there will be no Minimum Annual Guaranty (MAG). The MAG Fee for each year of the Term of the Agreement after the first Agreement year shall be 85% of the total amount of Percentage Fee due from Concessionaire to the City during the preceding 12-month period.
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MINIMUM GUARANTEE FEE. 7.3.1. The Minimum Annual Guarantee (MAG) shall be $450,000.00 for the first year of this Agreement beginning on the Start Date. The Minimum Guarantee Fee for each year of the Term of the Agreement after the first Agreement year shall be 85% of the total amount of Percentage Fee due from Concessionaire to the City during the preceding 12-month period.
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Related to MINIMUM GUARANTEE FEE

  • Subordinated Incentive Fee Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders (excluding any stock dividends) from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 8% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Cash Flows. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor. In addition, the Subordinated Incentive Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Subordinated Incentive Fee not taken as to any period shall be deferred without interest and may be paid in such other period as the Advisor shall determine.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.