Minimum Annual Commitment definition

Minimum Annual Commitment has the meaning set forth in Section 2.3.

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Minimum Annual Commitment means:

Minimum Annual Commitment has the meaning assigned to such term in Schedule 3.1 of this Agreement.

Examples of Minimum Annual Commitment in a sentence

• Such additional Named Users shall become part of the Minimum Annual Commitment for subsequent years, on the anniversary date of each contract year or upon renewals under the Agreement.

• Any reduction pursuant to this Section shall not affect the Minimum Annual Commitment.

• Minimum Annual Commitment shortfalls in any calendar year may not be carried over and satisfied in a subsequent calendar year.

• For example, if in [*], SunPower purchased [*] of the [*] MLPE Products of the [*] Minimum Annual Commitment, then SunPower would owe Enphase [*].

• All MLPE Products purchased in calendar year [*] will be applied toward the Minimum Annual Commitment for calendar year [*].

• Such additional Named Users shall become part of the Minimum Annual Commitment for subsequent years on the anniversary date of each contract year or upon renewals under the Agreement.

• This Agreement will automatically renew for additional five (5) year terms on the expiration date of the applicable term (the “Expiration Date”) with its currently applicable terms, excluding any prepayments or volume commitment terms (including the Prepayments, Minimum Annual Commitment and Total Commitment) (the “Applicable Terms”), unless either party provides written notice to the other of its intent to renegotiate this Agreement at least twelve (12) months prior to the Expiration Date.

• Under this Section 14.2.1, (i) Intuitive shall retain its licenses [****] under Sections 4 and 9, (ii) ▇▇▇▇ shall pay back all payments for the [****] Fee made by Intuitive to ▇▇▇▇ under Section 6.3 of this Agreement, and (iii) Intuitive shall have the right, at its sole discretion, to terminate its Minimum Annual Commitment under Section 5.4.2 of the Agreement; provided that Intuitive shall make such determination.

• During each year of the Term, Purchaser will purchase Products and Engineering Services from Supplier in an aggregate purchase price to Purchaser not less than the target amounts set forth for such year on Appendix C attached hereto (with respect to each year, the "Minimum Annual Commitment"); provided, that the amounts set forth on Appendix A, B and C in United States Dollars shall be converted to Dutch Guilders at a rate of 2.0829 Dutch Guilders per United States Dollar.

• If H▇▇▇▇▇ is excused from the Minimum Annual Commitment as set forth herein, then H▇▇▇▇▇ shall be obligated only for a pro-rata Minimum Annual Commitment during the year in which H▇▇▇▇▇ becomes excused, from January 1 of such year through the date on which H▇▇▇▇▇ gives notice.

More Definitions of Minimum Annual Commitment

Minimum Annual Commitment means the minimum unit quantities of Product, expressed on an annual basis, that Primus is required to purchase and Capricorn is required to deliver in order to maintain exclusive license and production rights, respectively, as set forth in Schedule C.

Minimum Annual Commitment means NABRIVA’s minimum amount of API that it has agreed to purchase from HOVIONE under this Agreement, which is 750kg per annum for the first year of the Initial Term (as defined in Section 16.1 hereof) and 1,500kg per annum for the remaining years of the Initial Term.

Minimum Annual Commitment has the meaning provided in Section 3.2.

Minimum Annual Commitment means the amounts set forth in Schedule 4 ---------- hereto, which represents the minimum annual payment of User Fees which Reseller shall make to Metavante under this Agreement.

Minimum Annual Commitment means the minimum annual quantities of the Product to be ordered by ▇▇▇▇▇▇ as specified in Section ‎8.1 below.