Cash Guarantee definition
Examples of Cash Guarantee in a sentence
The Annual Cash Guarantee shall be paid to the City in twelve (12) monthly installments of $125.00 per month (the "Monthly Cash Guarantee").
The Final Payment will be the greater of: (1) the amount of the Annual Cash Guarantee ($1,500) minus all previous payments for the year or (2) fifteen percent (15%) of the annual gross ▇▇▇▇▇▇▇▇ up to $50,000 plus twenty percent (20%) of the annual gross ▇▇▇▇▇▇▇▇ of $50,001 and higher minus all previous payments and agency commissions.
The GSA shall provide the Principal, on the execution of this Agreement, with Contract Security in the sum of USD_______ (_____ US dollars) by means of Bank Guarantee or Cash Guarantee to guarantee the faithful performance by the GSA of all of its obligations under this Agreement and the payment of all fees and charges and other amounts which become due under this Agreement.
All time periods for calculating the Annual Cash Guarantee and/or the Monthly Cash Guarantee and the first payment shall begin November 1, 2015.
The Contractor shall continue making the Monthly Cash Guarantee on the same day of each subsequent month while this Agreement remains in effect.
Contractor's obligation to make the Monthly Cash Guarantee and/or the Annual Cash Guarantee shall begin and first payment shall be due November 1, 2015.
Licensor shall deem any failure by Licensee to provide and maintain the Cash Guarantee of [***] pursuant to the provisions of this Paragraph 2.d., to be a default.
Licensor will give notice of its intention to draw on the Cash Guarantee if Licensee fails to make any payment due as provided under this Agreement.
The GSA shall provide the Principal, on the execution of this Agreement, with Contract Security in the sum of USD______ (_____ US dollars) by means of Cash Guarantee and Bank Guarantee to guarantee the faithful performance by the GSA of all of its obligations under this Agreement and the payment of all fees and charges and other amounts which become due under this Agreement.
Licensor shall apply the Cash Guarantee as partial payment of Guaranteed Royalties for the final License Year of the Term.