Agreed Minimum definition
Examples of Agreed Minimum in a sentence
The “Terrorism Cap” shall mean 0.1607% of the Agreed Minimum Replacement Value of each Property.
If the Agreed Minimum Food and Beverage Revenue Figure is not met, any balance will be posted as a food and beverage attrition charge to your Master Account, plus applicable taxes and service charges.
The Group is still expected to meet the Agreed Minimum Food and Beverage Revenue.
In coordination with the updates to Exhibit B made in accordance with Section 4(a)(i) for the 2021 and 2022 Agreed Minimum Quarterly Commitments, the pricing for the Products for the 2021 and 2022 calendar years will be agreed to between the Parties in accordance with the provisions set forth in Exhibit C and added to Exhibit C by no later than September 30 of the prior calendar year.
Similarly, the Agreed Minimum Quarterly Commitments for the portions of the 2022 calendar year included in the Term shall be provided by Customer on or prior to August 31, 2021 and deemed acceptable by Supplier so long as they are no less than 80% and no greater than 120% of the Agreed Minimum Quarterly Commitments for each cell technology level (i.e., “L3”) for 2021 as added to Exhibit B pursuant to this Section 4(a)(i).
However, on June 30, 2014, the Agreed Minimum Price shall change from (1) the lesser of (i) $2.25 per unit and (ii) $0.10 less than the closing market price of Class B Units on the Signing Date to (2) 95% of the volume-weighted average price (“VWAP” (as defined below)) for the previous 30 calendar days, which shall be reset every 15 days thereafter based on 95% of the VWAP for the previous 15 calendar days.
The final Agreed Minimum Quarterly Commitments for 2021 and 2022 will be finalized, along with the pricing for Products for 2021 and 2022, as contemplated in Section 5(d), and added to Exhibit B by no later than September 30 of the prior calendar year.
Additionally, the Agreed Minimum Quarterly Commitments for the 2021 calendar year shall be provided by Customer on or prior to August 31, 2020 and deemed acceptable by Supplier so long as they are no less than 80% and no greater than 120% of the Agreed Minimum Quarterly Commitments for each cell technology level (i.e., “L3”) for 2020 as set forth in Exhibit B.
Unit Type Agreed Minimum Volume Cost per Unit (Ex. GST) GST per Unit Cost per Unit (Inc.
Group will be responsible for the charges listed on the Banquet Event Order or the Agreed Minimum Food and Beverage Revenue figure, whichever is greater, plus applicable tax and service charges.