Minimum Guarantee Payment Clause Samples
A Minimum Guarantee Payment clause establishes a baseline amount that one party is obligated to pay another, regardless of actual performance or usage. In practice, this means that even if sales, usage, or other metrics fall short, the payee will still receive at least the agreed minimum sum. This clause provides financial security to the recipient and ensures predictable revenue, addressing the risk of underperformance or fluctuating results.
Minimum Guarantee Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (100,000 USD) as a Minimum Royalty (hereinafter referred to as “the MG Payment”). The MG Payment shall be paid within fourteen (14) business days from the last day of every three months in four equal installments payable, including starting from the Commercial Service of the Game. In case Licensee’s applicable royalty payment to Licensor exceeds the MG payment prior to the Licensee completes the installments of the MG payment, Licensee shall be responsible to pay the royalty payments as stated in Article 5.3.
Minimum Guarantee Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Three Hundred Thousand United States Dollars (US$300,000) as a Minimum Guarantee Payment (the “MG Payment”) in three instalments as follows:
(a) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Commercial Launch Date.
(b) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Thirteen (13) months from the Commercial Launch Date.
(c) ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$100,000): within Seven (7) Business Days from the receipt of the invoice issued after the Twenty Five (25) months from the Commercial Launch Date. The Royalty Payment described in Article 5.3 shall be deemed as fully paid until the accumulated Royalty Payment reaches the amount of the accumulated MG Payment paid to Licensor. For the avoidance of doubt, Licensee shall only pay the balance between the accumulated Royalty Payment and the accumulated MG Payment paid to Licensor if the accumulated Royalty Payment in a specific quarter period goes beyond the accumulated Guarantee Payment paid to Licensor by then.
Minimum Guarantee Payment. In consideration for the exclusive license granted to The9 for the Games and as a minimum guarantee payment, The9 shall pay Voodoo fifteen million US dollars (15,000,000 USD), divided as follows: - Upfront Payment: within seven (7) days from the Effective Date, The9 shall pay Voodoo three million US Dollars (3,000,000 USD); - First Game Payment: within seven (7) days from the Delivery Date of the first Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not. - Second Game Payment: within seven (7) days from the Delivery Date of the second Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not. - Third Game Payment: within seven (7) days from the Delivery Date of the third Game, The9 shall pay Voodoo [REDACTED] US dollars ([REDACTED] USD). Such payment will be due regardless of whether the ISBN application is approved or not.
Minimum Guarantee Payment. In general, a minimum guarantee pay- ment is an additional payment made at maturity on a debt instrument if the total amount of inflation-adjusted principal paid on the instrument is less than the instrument’s stated principal amount. The amount of the additional payment must be no more than the ex- cess, if any, of the debt instrument’s stated principal amount over the total amount of inflation-adjusted principal paid on the instrument. An additional payment is not a minimum guarantee payment unless the qualified inflation index used to determine the reference index is either the CPI-U or an index designated for this purpose by the Commissioner in the FEDERAL REG- ISTER or the Internal Revenue Bulletin (see § 601.601(d)(2)(ii) of this chapter). See paragraph (f)(4) of this section for the treatment of a minimum guarantee payment.
Minimum Guarantee Payment. Level Up! shall pay to Gravity a non-refundable, non-recoupable sum of Six Hundred Thousand United States Dollars (US$600,000) (“the MG Payment”) as a Minimum Guarantee Payment to Gravity until the MG Payment is recovered. Level Up! shall begin making the MG Payment to Gravity within fourteen (14) calendar days from the commercialization of the Game in the Territory as follows:
(1) USD 600,000 divided into 16(sixteen) equal instalments
(2) Each instalment of USD 37,500 to be remitted within Fourteen (14) calendar days from the end of each quarter starting from the Commercial Service Launch Date upon Level Up!’s receipt of written invoice from Gravity for such amount The Copyright Payment described in Section 5.3 shall be recoverable and off-settable against the MG Payment, and shall be deemed as fully paid until the accumulated Copyright Payment calculated pursuant to Section 5.3 exceeds the accumulated MG Payment paid to Gravity. For the avoidance of doubt, Level Up! shall only pay the balance between the accumulated Copyright Payment and the accumulated MG Payment paid to Gravity if the accumulated Copyright Payment at a specific payment date exceeds the accumulated MG Payment that has been paid to Gravity by such payment date.