Minimum Guarantee Amount definition

Minimum Guarantee Amount means, in respect of each Calendar Quarter, an amount to be agreed between the parties, having regard to industry standards after the final pricing for the Product is established. NON-DEFAULTING PARTY means a party who is not a Defaulting Party.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Minimum Guarantee Amount means $100.0 million.

Examples of Minimum Guarantee Amount in a sentence

For the sake of clarity, in the event that the aggregate revenue share and other payments are equal to or exceed the Minimum Guarantee Amount, no additional payment will be due.
In the event that such actual aggregate revenue share payments are less than the Minimum Guarantee Amount, the Operator will pay to the Institution such difference within ten (10) Business Days thereafter.
The rule in this clause 16 applies if the moneys paid by ADVC to ACT would but for clause 8.4.1, be less then the Minimum Guarantee Amount for two successive Calendar Quarters.
Notwithstanding anything to the contrary stated herein, the Retiring Party is hereby released from any obligation to LMM for the payment of any Minimum Guarantee Amount under the Trademark License Agreement.
Subject to Section 3(c) below, in the event that such actual aggregate revenue share payments are less than the Minimum Guarantee Amount, then Operator will pay to the University such difference within ten (10) business days thereafter.
The Rule of 85 Early Retirement Guarantee shall be calculated by applying the applicable early retirement factors from the Participant’s Legacy Plan to the Participant’s Rule of 85 Minimum Guarantee Amount.
Rule of 85 Participants (as defined below) who would have been eligible under the terms of their Legacy Plan for early retirement on December 31, 2006, or date of termination if earlier, and who receive or commence to receive their benefits prior to the Participant’s Normal Retirement Date, may elect, during the applicable election period provided in Section 6.5 of the Plan, an annuity commencing before the Participant’s Normal Retirement Date on their Rule of 85 Minimum Guarantee Amount.
This is the “Rule of 85 Minimum Guarantee Amount.” At the time a Rule of 85 Participant commences benefits, the Rule of 85 Minimum Guarantee Amount shall be compared to the amounts the Participant has accrued under the Plan, including the Settlement Amount.
Upon the later of the Effective Date or the date a Rule of 85 Participant commences benefits, the Rule of 85 Participants shall be entitled to the Rule of 85 Minimum Guarantee Amount.
The Settlement Amount, Rule of 85 Minimum Guarantee Amount and Rule of 85 Early Retirement Guarantee shall be subject to all terms and conditions of the Plan and the Settlement Plan Amendment including, but not limited to, Article 6 of the Plan, governing Payment and Optional Forms of Benefit and Article 8, governing Administration of the Plan.

More Definitions of Minimum Guarantee Amount

Minimum Guarantee Amount means an amount equal to $525,000.00 in year one. Each subsequent year the Minimum Guarantee Amount shall increase by 3% from the previous year’s Minimum Guarantee Amount for each year of the Term; provided, however, that (a) for each such year of the Term in which the Institution’s football team wins the College Football Playoff, the Minimum Guarantee Amount for that year shall be increased by $________________; (b) for each such year of the Term in which the Institution’s men’s basketball team wins the National Collegiate Athletic Association (the “NCAA”) national basketball championship, the Minimum Guarantee Amount for that year shall be increased by $________________; and (c) for each such year of the Term in which the Institution’s football team wins the SEC football championship, the Minimum Guarantee Amount for that year shall be increased by $________________.

Minimum Guarantee Amount means for each calendar month during the term of this Agreement, that amount which shall be calculated for each group of Vessels set forth in Schedule D attached hereto and incorporated herein by reference, and shall equal the product of: (a) the Minimum Guarantee Amounts set forth in Schedule D, per Revenue Passenger Days for any group of Vessels set forth in Schedule D, multiplied by the actual aggregate number of Revenue Passenger Days for such group of Vessels for any given calendar month. (C) "Revenue Passenger" shall mean any person listed on each Vessel passenger manifest, excluding children under two (2) years of age, NCL employees on business and contractors. "Operating Day" is defined as any day that the Vessel is in service with the passengers onboard. "Revenue Passenger Day" shall mean the product of Revenue Passenger multiplied by Operating Day for any given Vessel.

Minimum Guarantee Amount means _____________________ ($_______) for the first Contract Year, _____________________ ($________) for the second Contract Year, and _____________________ ($________) for the third Contract Year; and (iii) “Net Merchandise Revenue” means the amount equal to all cash consideration from the sale of Memorabilia through the Auctions at the Events during the applicable period pursuant to this Agreement, less all taxes, shipping and handling charges, customer discounts, payment tender processing fees, wrapping and other value-added service charges, cancellations, returns and chargebacks.”

Minimum Guarantee Amount means $100.0 million.