Minimum Annual Payment definition

Minimum Annual Payment shall have the meaning given to it in Section 5.2.

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Minimum Annual Payment means each payment described in Section 8.7.

Examples of Minimum Annual Payment in a sentence

Notwithstanding the definition of “Call Price”, in the event of a breach by the Member of Section 9.04, (1) the “Call Price” shall be no or nominal consideration as determined in the Manager’s sole discretion, and 2B) to the extent a Company Note has been issued to such Call Member, or consideration payable pursuant to this Section 9.05 is otherwise payable in installments (including any Minimum Annual Payment), all remaining amounts payable to such Call Member shall be deemed forfeited.
Each Minimum Annual Payment will be deemed a non-refundable payment by Licensee of Royalties due under this Agreement for the applicable Contract Year.
Such Minimum Annual Payment shall not be credited, offset or deducted against any other Royalties or any other payments or amounts owed by one party to the other party under this Agreement or otherwise.
Licensee will not be entitled to a reduction in the Minimum Annual Payment to the extent that other versions of the PS Product Software have been made available to Licensee which allow Licensee to reasonably continue shipping Licensee Products.
In the event of a default in payment of the Minimum Annual Payment obligation, the beneficiaries of the Minimum Annual Payment pursuant to this Covenant Agreement shall look exclusively to the Anchor Property for satisfaction thereof and shall not seek or obtain a personal judgment against CC Trust or its successors or assigns.

More Definitions of Minimum Annual Payment

Minimum Annual Payment has the meaning specified in the Schedule.

Minimum Annual Payment means $50,000.

Minimum Annual Payment means $200,000.

Minimum Annual Payment means [***]

Minimum Annual Payment means an amount in cash equal to $750,000 per each Calculation Period.

Minimum Annual Payment means $100,000.

Minimum Annual Payment and “Pay as you go” amount shall mean the annual amount paid by the Authority toward Benefits, which, provide sufficient funds to cover all projected Benefits expenses for Beneficiaries and related administrative costs for that year. The Authority shall calculate the minimum annual payment as part of its financial plan each year. 1 The definition of Fiscal Year was amended, effective January 1, 2020, by a vote of the Massport Board on May 21, 2020. The definition was changed from “shall mean the period commencing on the first day of July of any year and ending on the last day of June of the following year.”