Minimum Guaranteed Payment definition
Examples of Minimum Guaranteed Payment in a sentence
No interest shall accrue on any Minimum Guaranteed Payment Advances.
In no event shall this recoupment payment for Minimum Guaranteed Payment Advances result in Pawnee receiving less than its Minimum Guaranteed Monthly Payment in any month, and in no event shall Lakes be allowed or entitled to interest on any Minimum Guaranteed Payment Advances.
Principal and interest, as applicable, on each Minimum Guaranteed Payment Advance and Working Capital Advance (each an "Advance") shall be repaid in accordance with the terms and provisions set forth in the Management Contract.
Minimum Guaranteed Payment Advances shall not have such priority, shall not accrue interest, and shall be evidenced by the Minimum Payments Note.
Lakes shall be entitled to recoup any Minimum Guaranteed Payment Advances made under this subsection from the Net Total Revenues of the Project in succeeding months during the term hereof, as provided in Section 5.5 hereof (and any amounts outstanding on account of Minimum Guaranteed Payment Advances at the end of the term of this Management Agreement shall be immediately due and payable by Pawnee).
Licensee shall not be entitled to terminate its obligations under this Agreement until AccuMed's receipt of the Minimum Guaranteed Payment of $5,000,000.
Lakes shall be entitled to recoup any Minimum Guaranteed Payment Advances made under this subsection from the Net Total Revenues of the Project in succeeding months during the term hereof, as provided in Section 5.5 hereof (and any amounts outstanding on account of Minimum Guaranteed Payment Advances at the end of the term of this Management Agreement shall be immediately due and payable by Iowa Corp).
Crowley shall continue to pay County the annual Minimum Guaranteed Payment (MGP) amount for the Wind Down Period, which shall be in an amount reduced to ninety percent (90%) of the then existing annual MGP amount, prorated monthly, as applicable.
For the first lease year of this Agreement, Crowley shall pay County the sum of Ten Million Seven Hundred Seventy-one Thousand Two Hundred Dollars ($10,771,200.00) as annual Minimum Guaranteed Payment ("MGP").
In no event shall this recoupment payment for Minimum Guaranteed Payment Advances result in Iowa Corp receiving less than its Minimum Guaranteed Monthly Payment in any month, and in no event shall Lakes be allowed or entitled to interest on any Minimum Guaranteed Payment Advances.