Minimum Guaranteed Royalties definition

Minimum Guaranteed Royalties shall have the meaning set forth in Section 3(e) of this Agreement.
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Minimum Guaranteed Royalties shall have the meaning set forth in Section 5.5.
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Minimum Guaranteed Royalties shall have the meaning set forth in Section 3(d) of this Agreement. 2 f. "Contract Year" and "First Contract Year" shall have the meanings given those respective terms set forth in Section 2(b) of this Agreement.
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Examples of Minimum Guaranteed Royalties in a sentence

  • Minimum Guaranteed Royalties shall be paid to Licensor by Licensee within thirty (30) days after the last day of each calendar quarter, beginning no later than the quarter ended December 31, 1998.

  • By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: Chief Executive Officer Accepted & agreed to: Xxxx Xxxxxxx & Co. By: /s/ Xxx Xxxxxxx Name: Xxx Xxxxxxx Title: President SCHEDULE I Minimum Guaranteed Royalties For each year of the Term, JMC agrees that the retail royalties paid to NFSI shall not be less than the applicable amounts set forth below.

  • Any amount (i.e., Royalties, Minimum Guaranteed Royalties, marketing fees, brand participation fee, etc.) not paid to Licensor when due under this Agreement shall bear a late payment charge on the unpaid balance at the rate of 1.5% per month, or the maximum amount permitted by law, whichever is less.

  • Starting with sublicenses entered into after January 1, 2012, the net proceeds of these sublicenses shall be divided as set forth below and the Proprietor’s Share shall be credited against the Minimum Guaranteed Royalties.

  • If closing does not occur by July 31, 1997 for any reason other than the failure of Tri-Star or Xx. Xxxxxx to fulfill its or his obligations hereunder, Tri-Star may terminate discussions, retain any funds previously paid to it as an advance on the Purchase Price and thereafter all terms and conditions of this letter shall become null and void without recourse to either party.

  • Any amount (i.e., Royalties, Minimum Guaranteed Royalties, marketing fees, brand participation fee, etc.) not paid to Licensor when due under this Agreement shall bear a late payment charge on the unpaid balance at the rate of 1.5% per month, compounded, or the maximum amount permitted by law, whichever is less.

  • The Minimum Guaranteed Royalties for each Fiscal Year shall be $9,000,000.

  • Licensee shall pay to Licensor the Guaranteed Minimum Royalties opposite the respective Contract Years: Contract Year Minimum Guaranteed Royalty 1 $1.5 million 2 $4 million 3 $5.0 million 4 $5.875 million 5 $6.75 million Each year of any Renewal Term $6.75 million Minimum Guaranteed Royalties will be due and payable on a Contract Quarterly basis, as more specifically set forth below.

  • To the extent actual Royalties due (including, without limitation, the Royalties pursuant to Sections 7.1 and 7.2) exceed the Minimum Guaranteed Royalty payments (The Minimum Guaranteed Royalties shall be credited against and offset the Royalties accordingly), other Royalty payments and reports will be due monthly.

  • If an event that is not caused by or in any manner contributed to by JMC significantly damages the goodwill of the “Nathan’s Famous” brand and directly results in a decline in sales of NF Retail Products such that the Minimum Guaranteed Royalties to be paid by JMC exceeds the actual retail royalties earned by NFSI hereunder, then, for the year in which such event occurs and the immediately following year, JMC will pay to NFSI only the actual retail royalties earned.


More Definitions of Minimum Guaranteed Royalties

Minimum Guaranteed Royalties means the guaranteed minimum royalties as defined in Section 3.2
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Related to Minimum Guaranteed Royalties

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Guaranteed Maximum Price or “GMP” means the amount proposed by Contractor and accepted by Owner as the maximum cost to Owner for construction of the Project in accordance with this Agreement. The GMP includes Contractor’s Construction Phase Fee, the General Conditions Cost, the Cost of the Work, and Contractor’s Contingency amount.

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;