Revenue Guarantee. 10.1.1 The Bank Guarantee towards Revenue Guarantee payable at Pune shall be issued from any Scheduled Commercial Bank having branch in India and remain valid for the License Period plus six months.
Revenue Guarantee. Under Wisconsin law applicable on the Effective Date of this Agreement, the State of Wisconsin is required to make utility aid payments to the Town if a solar generating system like the Project is located in the Town. If applicable laws should change during the life of the Project reducing the amount of these state payments, Developer shall compensate the Town in an amount to equal the amount of annual utility aid payments required under laws applicable on the effective date of this Agreement less any annual property taxes paid by the Developer to the Town for the Site and less any other annual payments to the Town that are adopted to replace the utility aid payments. Such payments shall be made annually by the Developer to the Town no later than January 31 of the year following the year for which payment is made.
Revenue Guarantee. For the first five (5) calendar years of the initial seven (7) year term of the Service Agreements (the "FIVE YEAR PERIOD"), Cobalt, on behalf of each of the Cobalt affiliates indicated as parties to the Service Agreements on EXHIBIT F, hereby guarantees that IRG shall receive the Aggregate Revenue Floor (as defined below) under the Service Agreements as provided in this Section 4.2(b). For each calendar year during the Five Year Period, Cobalt shall pay to IRG the amount, if any, by which the Aggregate Revenue Floor for such year exceeds the actual aggregate revenue earned by IRG under all Service Agreements still in effect as of the end of such year (including revenue received by, and revenue payable to, IRG for services rendered during such year) (such amount referred to herein as the "GUARANTEED REVENUE"). The "AGGREGATE REVENUE FLOOR" for each such year shall equal the revenue projected to be earned by IRG under the Service Agreements during 2002 (excluding revenues earned from the RxCel line of business), as reflected in IRG's annual operating plan for 2002 attached as EXHIBIT G to this Agreement (the "2002 AOP"), multiplied by the following percentage for such year: YEAR PERCENTAGE 2002 90% 2003 85% 2004 80% 2005 75% 2006 70% For purposes of determining the Guaranteed Revenue, if any, that Cobalt shall pay to IRG for 2002, any revenue earned by IRG for services provided on or after January 1, 2002 through the Closing Date shall be included in the aggregate revenue earned by IRG under the Service Agreements for 2002. For purposes of determining the Guaranteed Revenue, if any, that Cobalt shall pay to IRG for any year during the Five Year Period, (i) any revenue earned under any Service Agreement terminated (pursuant to the terms therein) prior to the end of such year shall be excluded from the aggregate revenue earned by IRG under the Service Agreements for such year and (ii) any revenue projected to be earned by IRG under any Service Agreement so terminated shall be excluded from the projected revenue under the 2002 AOP used to calculate the Aggregate Revenue Floor for such year. The Guaranteed Revenue, if any, owed by Cobalt to IRG for each calendar year during the Five Year Period shall be determined (as provided in this Section 4.2(b)) and mutually agreed upon in good faith by Cobalt and IRG within sixty (60) days after the end of such calendar year (the "DETERMINATION PERIOD"). Cobalt shall pay IRG the Guaranteed Revenue, if any, owed by Cobalt ...
Revenue Guarantee. The parties agree to share the liability for the $4,000,000.00 revenue guarantee contained in the “Air Service Agreement” substantially in the form of Exhibit “A”, which is attached hereto and made a part of this agreement.
Revenue Guarantee. Columbia represents to Participant that the revenue guarantee required under the Air Service Agreement is $600,000 and that the Air Service Agreement has a 1-year term commencing in August, 2017. Columbia represents to Participant that it has secured contributions from various Central Missouri public entities as follows: Xxxxx County 50,000.00 University of Missouri 200,000.00 Jefferson City 100,000.00 Xxxx County 50,000.00 totaling $400,000.00 (the “Public Entity Contributions”), to be deposited by Columbia in an interest bearing account known as the Central Missouri Air Service Fund (the “Fund”), to be administered and used by Columbia to assist in meeting its revenue guarantee obligations to United Airlines under the Air Service Agreement. For the purpose of providing additional funds to the Fund, Participant hereby agrees to contribute $ to the Fund, said contribution to be paid to the Fund no later than March 31, 2017.
Revenue Guarantee. Subject to Section 5.2 below, from the Effective Date through April 15, 2009 (the “Revenue Guarantee Time Period”) AOL will pay TI a revenue guarantee for each of the TI Sites as set forth in Exhibit B-2 (Revised) for each individual TI Site (the “Revenue Guarantee”). The Revenue Guarantee shall be payable by AOL to TI for each TI Site that remains in existence on a monthly basis, in equal installments, based on the guarantee for each TI Site (as set forth in Exhibit B-2 (Revised)) on the first day of each applicable calendar month during the Revenue Guarantee Time Period.
Revenue Guarantee. The parties hereto agree to share the liability for the Guarantee contained in the Air Service Agreement as set forth herein below.
Revenue Guarantee. (a) All of the Customer Accounts are presently receiving services from the Seller. The Seller guarantees to the Purchaser that the Customer Accounts will collectively generate for services rendered during January, February and March 1997 (the "Test Period") average monthly revenues of not less than [OMITTED; filed separately with the Commission] (the "Required Revenues"). Actual average monthly revenues for the Test Period shall include amounts pre-billed by Seller for services to be rendered during the Test Period.
Revenue Guarantee. (i) In consideration for Net Grocer's exclusive status and for the Impression Guarantee, both set forth in this Agreement, Net Grocer agrees to pay the minimum Transaction Revenue fees ("Revenue Guarantee" and collectively "Revenue Guarantees") as follows: (a) in connection with Year One, Net Grocer agrees to pay iVillage a minimum of [*] ("Year One Guarantee"), and; (b) in connection with Year Two, Net Grocer agrees to pay iVillage a minimum fee of [*]("Year Two Guarantee"). Net Grocer shall pay iVillage within thirty (30) days following the end of each calendar quarter during the term of the Agreement, the payments set forth on Exhibit A (the "Quarterly Payments"), subject to provisions of this Section 3.D.
Revenue Guarantee. If, at any time before the ten month anniversary of the Closing Date, any of the Major Agents terminates its Agent Agreement with MAMO for any reason or MAMO terminates such Agent Agreement for cause, the Seller will pay the Buyer an amount equal to: $0.10 x (Annual Transaction Volume) x (D - 60) -------- 360 where D equals the number of days remaining between the date of cancellation and the one-year anniversary of the Closing Date; provided, however, that in no event shall the amount payable by Seller to Buyer under this revenue guarantee for termination of any Agent Agreements exceed $375,000 in the aggregate. If MAMO contracts with a new agent (other than an existing Buyer agent) prior to the Closing Date or at any time following the Closing Date until the ten month anniversary of the Closing Date (provided that MAMO is in negotiations with such agent prior to the Closing and identifies such prospective agent to Buyer in writing at the Closing) and not as a result of the efforts or introduction of Buyer, the Seller shall be allowed to set off the transaction volume actually generated by the new agent prior to the ten month anniversary against the Annual Transaction Volume used in the calculation set forth above; PROVIDED THAT the transaction volume of the new agent averages not less than 10,000 transactions monthly over a three-month period. All payments to be made by Seller to Buyer under this Section 2(e) shall be paid in cash or immediately available funds on or before the tenth (10th) day following demand thereof by Buyer. In addition, with respect to any termination prior to the Closing, the Buyer shall be entitled to withhold the applicable revenue guarantee amount from the Purchase Price, subject to adjustment post Closing for set off described above.
