Minimum Guaranteed Royalty definition

Minimum Guaranteed Royalty has the meaning set forth in Exhibit C hereto.
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Minimum Guaranteed Royalty has the meaning set forth in Exhibit C hereto. Normally associated with exclusive licenses
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Minimum Guaranteed Royalty shall have the meaning set forth in Section 3(a) of this Agreement.
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Examples of Minimum Guaranteed Royalty in a sentence

  • The Sole Arbitrator by his award dated 29th August, 2012 declared that the Minimum Guaranteed Royalty stipulated in the Supplemental Agreement became impossible of performance with effect from 1st June, 2008.

  • Sears and Kmart are obligated to pay the balance of the $3,000,000.00 Annual Minimum Guaranteed Royalty set forth in Schedule 4 of the License Agreement.

  • A true copy of Everlast Invoice No. 1157329, dated August 27, 2020, to Sears and Kmart for the remaining Annual Minimum Guaranteed Royalty in the sum of $3,000,000.00 due and owing to Everlast, is annexed hereto as Exhibit 6.

  • Nonetheless, and in breach of the Agreement, Everlast terminated the Agreement with the Defendants on or around August 27, 2020 due to the Defendants’ alleged failure to pay the Minimum Guaranteed Royalty payments allegedly owed to Everlast under the Agreement.

  • By letter dated July 24, 2020 (the “July 24, 2020 Default Notice”), Everlast notified Defendants, Sears and Kmart, that they were in breach of the License Agreement because they had failed to make the required Minimum Guaranteed Royalty payment of $500,000.00 to Everlast for the first Fiscal Quarter of 2020, as required under the License Agreement.

  • Pursuant to Section 4 and Schedule 4 of the License Agreement, Licensee was, and is, required to pay Everlast, a Royalty, which “shall be paid Quarterly in arrears and shall be the greater of: (a) the Royalty Calculation for such Fiscal Quarter; and (b) one quarter of the Annual Minimum Guaranteed Royalty for such Year,” as such capitalized terms are defined therein.

  • However, since Section 4 of the License Agreement states that each Quarterly Royalty payment shall be the greater of: (a) the Royalty Calculation for such Fiscal Quarter; and(b) one quarter of the Annual Minimum Guaranteed Royalty for such Year, the Royalty payment due to Everlast for the second Fiscal Quarter of 2020 was, and is, $500,000.00 – the Minimum Guaranteed Royalty for said Quarter.

  • Notwithstanding the Licensee’s failure to make the required Minimum Guaranteed Royalty payments for the first and second Fiscal Quarters of 2020, the Plaintiff had remained ready, willing and able to continue to perform all of its obligations under the License Agreement, had the Licensee properly performed.

  • As set forth in the Termination Letter, Sears and Kmart had failed to pay the $500,000.00 Minimum Guaranteed Royalty payments due and owing for the first and second Fiscal Quarters of 2020, totaling $1,000,000.00.

  • In addition, as also set forth in the Termination Letter, and in accordance with the License Agreement, the Defendants are obligated to pay all Annual Minimum Guaranteed Royalty amounts due for the remaining periods under the License Agreement in the amount of$3,000,000.00 ($1,000,000.00 for the remaining two Fiscal Quarters of 2020 and $2,000,000.00for Year 3 of the License Agreement.).


More Definitions of Minimum Guaranteed Royalty

Minimum Guaranteed Royalty has the meaning assigned to that term in the License Agreement.
Sample 1

Related to Minimum Guaranteed Royalty

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

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

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

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

  • 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.

  • 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 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.

  • Royalty Rate means the percentage defined in Exhibit B.

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

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

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

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

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

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Third Party Royalties means any royalties or license fees owing to a Third Party attributable to the manufacture, use or sale of Products and in consideration of a license under any patent which such Product would otherwise infringe.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • 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 Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum Allowable Payment means the maximum amount, as established by AvMed, which AvMed will pay for any Covered Service rendered by a Non-Participating Provider or supplier of services, medications or supplies, except for Emergency Medical Services and Care as defined herein. The Maximum Allowable Payment may be changed at any time by AvMed without notice to you or your consent.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.