MINIMUM MONTHLY GUARANTEES Clause Samples

The Minimum Monthly Guarantees clause establishes a baseline amount that one party, typically a licensee or tenant, must pay to the other party each month regardless of actual sales or usage. In practice, this means that even if the revenue generated falls below a certain threshold, the obligated party is still required to pay the agreed minimum sum. This clause ensures a predictable income stream for the recipient and protects them from fluctuations in business performance, thereby allocating financial risk and providing stability.
MINIMUM MONTHLY GUARANTEES. 1. Each Lineholder shall receive a seventy-one (71) hour guarantee at her/his hourly rate. 2. A Lineholder who voluntarily gives up a sequence(s) through the provisions of the Electronic Trade Board (ETB) or the Trip Trade System (TTS) to reduce her/his credited hours below seventy-one (71) hours shall have her/his applicable guarantee reduced accordingly. 3. Each Reserve shall receive a seventy-five (75) hour guarantee at her/his hourly rate. 4. A Flight Attendant who is in active service for less than one (1) full month shall have her/his minimum guarantee prorated as follows: (Minimum Guarantee) ÷ (total number of days in the bid month) x the number of days on active status = Prorated Guarantee. 75 ÷ 30 day month = 2.5 75 ÷ 31 day month = 2.42 ▇. ▇▇▇▇▇▇, LEAD, AFT AND GALLEY POSITION PREMIUM PAY Aircraft Type DOMESTIC INTERNATIONAL Lead ▇▇▇▇▇▇ Aft Galley NIPD Lead IPD ▇▇▇▇▇▇ Aft Galley E190 $1.25 $1.25 B737-800/900 $2.50 $2.50 A319/A320 $2.50 $2.50 MD80 $2.50 $2.50 A321 $3.25 $3.25 A321T $3.25 $4.75* $1.00** B757 $2.75 $1.00 $3.75 $5.75 $1.75 B767 $3.25 $1.00** $6.50 $7.50 $1.75 $1.00 B777 $3.25 $5.75* $1.00** $6.50 $7.50 $1.00** B787 $3.25 $1.00 $6.50 $7.50 $1.00** A330 $3.25 $1.00 $6.50 $7.50 $1.75 $1.00 A350 $3.25 $1.00 $6.50 $7.50 $1.00** NOTE: Rates shown are per hour. All ▇▇▇▇▇▇ positions require a ▇▇▇▇▇▇ qualification. *3-class Transcon only (if non-qualified ▇▇▇▇▇▇, premium rate is $3.75) ** One (1) Galley position per class of service, i.e., three (3) class of service – three (3) Galley positions, two (2) class of service – two (2) Galley positions D. HOLDING TIME 1. A Flight Attendant may be required to remain on duty with passengers on the aircraft at originating, intermediate, and terminating stations. Such required time on duty shall be considered “holding time” and shall not be considered as flight time for the purpose of flight time limitations. 2. At originating and intermediate stations when the ground time exceeds the scheduled ground time by thirty (30) minutes, a Flight Attendant shall receive seven dollars ($7.00) per hour or fraction thereof, for all time spent with passengers, excluding ground time.
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MINIMUM MONTHLY GUARANTEES. 1. Each Lineholder shall receive a seventy-one (71) hour guarantee at her/his hourly rate. 2. A Lineholder who voluntarily gives up a pairing(s) through the provisions of ETB (Electronic Trade Board) or ISAP to reduce her/his credited hours below seventy-one hours (71) shall have her/his applicable guarantee reduced accordingly. 3. Each Reserve shall receive a seventy-five (75) hour guarantee at her/his hourly rate. 4. A Flight Attendant who is in active service for less than one (1) full month shall have her/his minimum guarantee prorated as follows: (Minimum Guarantee) ÷ (total number of days in the bid month) x the number of days on active status = Prorated Guarantee. 75 ÷ 30 day month = 2.5 75 ÷ 31 day month = 2.42
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MINIMUM MONTHLY GUARANTEES. Customer guarantees that the total list price of all content billed successfully in a calendar month by the applicable Carriers (the "Monthly Retail Revenue") billed hereunder by such Carriers shall be at least $1,000,000 per calendar month (the "Minimum Monthly Billing"). If the Monthly Retail Revenue in any calendar month is less than the Minimum Monthly Billing, then Mobile Messenger may, in its sole discretion, discontinue Customer's further participation in the advanced payment program as specified in Section 2 of this Amendment.
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MINIMUM MONTHLY GUARANTEES. 8 1. a. Each flight attendant holding a line shall receive a 9 seventy-one (71:00) hour guarantee at his/her hourly 10 rate, except a flight attendant who elects the fifty-five 11 (55:00) hour option or the seventy-five (75:00) hour 12 option as set forth in Section 10.C., shall receive a forty- 13 one (41:00) hour, or a sixty-one (61:00) hour guarantee, 14 respectively. 1 Schedule of Minimum MonthlyLineholder Guarantees 55 Hour 75 Hour Non-Option 41 Hours 61 Hours 71 Hours 95 Hour 105 Hour 71 Hours 71 Hours
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Related to MINIMUM MONTHLY GUARANTEES

  • Daily Guarantee (a) Subject to the provisions of Subsection (c), an employee reporting for a scheduled shift on the call of the Corporation, shall receive the employee's regular hourly rate of pay for the entire period spent at the place of work, with a minimum of two (2) hours' pay at the regular hourly rate. (b) Subject to the provisions of Subsection (c), an employee other than a school student on a school day who commences work on a scheduled shift, shall receive the employee's regular hourly rate of pay for the entire period spent at the place of work, with a minimum of four (4) hours' pay at the regular hourly rate. (c) In any case where an employee: (i) reports for a regular shift but refuses to commence work, or (ii) commences work but refuses to continue working, the employee shall not be entitled to receive the minimum payments set forth in Subsections (a) and (b).

  • Subsidiary Guarantees Subject to Section 1301, each Subsidiary Guarantor hereby, jointly and severally, fully and unconditionally guarantees to each Holder of a Security authenticated and delivered by the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest on such Security when and as the same shall become due and payable, whether at the Stated Maturity, by acceleration, call for redemption, offer to purchase or otherwise, in accordance with the terms of such Security and of this Indenture, and each Subsidiary Guarantor similarly guarantees to the Trustee the payment of all amounts owing to the Trustee in accordance with the terms of this Indenture. In case of the failure of the Company punctually to make any such payment, each Subsidiary Guarantor hereby, jointly and severally, agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or by acceleration, call for redemption, offer to purchase or otherwise, and as if such payment were made by the Company. Each of the Subsidiary Guarantors hereby jointly and severally agrees that its obligations hereunder shall be absolute, unconditional, irrespective of, and shall be unaffected by, the validity, regularity or enforceability of such Security or this Indenture, the absence of any action to enforce the same or any release, amendment, waiver or indulgence granted to the Company or any other guarantor or any consent to departure from any requirement of any other guarantee of all or any of the Securities of such series or any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such release, amendment, waiver or indulgence shall, without the consent of such Subsidiary Guarantor, increase the principal amount of such Security, or increase the interest rate thereon, or alter the Stated Maturity thereof. Each of the Subsidiary Guarantors hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee or any of the Holders protect, secure, perfect or insure any security interest in or other lien on any property subject thereto or exhaust any right or take any action against the Company or any other Person or any collateral, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Subsidiary Guarantee will not be discharged in respect of such Security except by complete performance of the obligations contained in such Security and in such Subsidiary Guarantee. Each Subsidiary Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders are prevented by applicable law from exercising their respective rights to accelerate the maturity of the Securities of a series, to collect interest on the Securities of a series, or to enforce or exercise any other right or remedy with respect to the Securities of a series, such Subsidiary Guarantor agrees to pay to the Trustee for the account of the Holders, upon demand therefor, the amount that would otherwise have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders. Each Subsidiary Guarantor shall be subrogated to all rights of the Holders of the Securities upon which its Subsidiary Guarantee is endorsed against the Company in respect of any amounts paid by such Subsidiary Guarantor on account of such Security pursuant to the provisions of its Subsidiary Guarantee or this Indenture; provided, however, that no Subsidiary Guarantor shall be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all Securities of the relevant series issued hereunder shall have been paid in full. Each Subsidiary Guarantor that makes or is required to make any payment in respect of its Subsidiary Guarantee shall be entitled to seek contribution from the other Subsidiary Guarantors to the extent permitted by applicable law; provided, however, that no Subsidiary Guarantor shall be entitled to enforce or receive any payments arising out of, or based upon, such right of contribution until the principal of (and premium, if any) and interest on all Securities of the relevant series issued hereunder shall have been paid in full. Each Subsidiary Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any part of the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Securities of a series, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any Holder of the Securities, whether as a “voidable preference,” “fraudulent transfer,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Securities shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

  • No Quantity Guarantees The System Agency makes no guarantee of volume or usage of work under this Grant Agreement. All work requested may be on an irregular and as needed basis throughout the Grant Agreement term.

  • Subordination of Guarantees ANTI-LAYERING. No Guarantor shall incur, create, issue, assume, guarantee or otherwise become liable for any Indebtedness that is subordinate or junior in right of payment to any Senior Debt of a Guarantor and senior in any respect in right of payment to any of the Guarantees. Notwithstanding the foregoing sentence, the Guarantee of each Guarantor shall be subordinated to the prior payment in full of all Senior Debt of that Guarantor (in the same manner and to the same extent that the Securities are subordinated to Senior Debt), which shall include all guarantees of Senior Debt.

  • Pari Passu Guarantees The obligations of the Guarantor under this Guarantee Agreement shall rank pari passu with any similar guarantee agreements issued by the Guarantor on behalf of the holders of preferred or capital securities issued by the Issuer Trust and with any other security, guarantee or other obligation that is expressly stated to rank pari passu with the obligations of the Guarantor under this Guarantee Agreement.