Common use of Minimum Share Clause in Contracts

Minimum Share. The Contractor is entitled to a minimum of twenty five 17 percent (25%) of Revenue earned and received from the sale of Recyclable 18 Materials. Commencing with the month immediately following the month in 19 which Contractor has paid the Authority the Revenue Guarantee, Contractor 20 will be entitled to retain twenty five percent (25%) of Revenue received 21 thereafter in that Rate Year, paying the Authority seventy five percent (75%) 22 of Revenue monthly. Contractor’s entitlement to twenty five percent (25%) of 23 a portion of the Revenue paid to Authority in the month in which the Revenue 24 Guarantee was attained will be determined and paid within 60 days after the 25 end of the Rate Year.