Minimum Revenue Guarantee definition

Minimum Revenue Guarantee means an air service incentive in the form of a contractual obligation under which LAA guarantees that an airline will generate a specified amount of revenue from sales associated with new or expanded regularly scheduled commercial passenger air service at the Airport and if the airline does not meet the target revenue, LAA will make a cash payment to the airline for the shortfall. “MRG Contract” shall mean a contract between LAA and an airline providing for a Minimum Revenue Guarantee.
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Minimum Revenue Guarantee means the amount of money guaranteed by a municipality or county to be earned by an airline providing scheduled air services to and from that municipality or county, which is the difference between the minimum flight charge revenue specified in the contract between the municipality or county and the airline and the amount of actual flight charge revenue received by the airline that is less than that contractual amount.
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Minimum Revenue Guarantee or “MRG” means an annual Gross Revenue guarantee provided by Bauer to MRG Stations as set out in paragraph 4;
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Examples of Minimum Revenue Guarantee in a sentence

  • Should Clients revenues appear to be dropping below the Minimum Revenue Guarantee listed on page 2 of this agreement Client agrees to pay the dollar for dollar difference between this guarantee and the actualized program revenue.

  • The Minimum Revenue Guarantee listed on page 2 does not include service charges, tax, labor charges or other miscellaneous charges, unless otherwise indicated.

  • The Minimum Revenue Guarantee shall be payable by AOL to Tl for each of the Tl Sites on a monthly basis, in equal installments, based on the annual Minimum Revenue Guarantee for each Tl Site (as set forth in Exhibit B-2) on the 1st day of each applicable month during the Term.

  • In addition, the Company is liable to pay Seriemas the Minimum Revenue Guarantee of up to RM75 million regardless of the progress of the construction of the Development Land as disclosed in Section 3.2 above.

  • Apart from the payment of Minimum Revenue Guarantee to Seriemas, there are no liabilities including contingent liabilities and guarantees to be assumed by Sentoria arising from the Proposed JV.


More Definitions of Minimum Revenue Guarantee

Minimum Revenue Guarantee means the amount that GoS undertakes to provide according to the MRG Agreement for meeting the Excess Delta which will be shared equally between GoS and the Concessionaire; New IA List shall have the meaning ascribed thereto in Section 6.2.3; New IE List shall have the meaning ascribed thereto in Section 5.2.3; New O&M Performance Security shall have the meaning ascribed to it in Section 11.3.8; New Operational Year shall have the meaning ascribed to it in Section 11.3.8; NHA Standards means the relevant standards adopted by ‘National Highway Authority’; Non Political Event shall bear the meaning ascribed thereto in Section 21.1.1(b); Non Political Event Termination Amounts shall have the meaning ascribed thereto in SCHEDULE T (Termination Payments); Notice, Notify, Notification and its grammatical variations means as notified in writing; Notice of Remedy shall have the meaning ascribed thereto in Section 18.2.1; O&M Costs means the operations and maintenance expenses, as set out in the Financial Model and as adjusted from time to time for inflation in accordance with the Financial Model and in accordance with the terms of the O&M Contract; O&M Contract means the contract entered into or that may be entered into by the Concessionaire in accordance with this Agreement for the provision of the Operation and Maintenance in accordance with O&M Requirements and the O&M Manual; O&M Contractor means the Person of good repute with whom the Concessionaire has entered into or may enter into the O&M Contract; O&M Documents means all such reports, records, surveys, plans, analyses, calculations, manuals, operating procedures, guides and manuals, updated ‘as built’ drawings and documentation of any nature prepared, updated and submitted by the Concessionaire in connection with the Operations and Maintenance to the GoS, the Independent Engineer and/or the Independent Auditor pursuant to the Applicable Standards and pursuant to any requests made in accordance with the Applicable Standards by the GoS, the Independent Engineer and or the Independent Auditor from time to time; O&M Inspection Report has the meaning ascribed thereto in Section 19.22.2; O&M Manual shall have the meaning ascribed thereto in Section 19.7 (O&M Manual); O&M Monthly Status Report shall have the meaning ascribed thereto in Section 19.21.1; O&M Performance Security means a first demand irrevocable and unconditional guarantee, issued by a scheduled bank in Pakistan (with a minimum credit rating of at ...
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Minimum Revenue Guarantee has the meaning given in Section 3.2.
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Minimum Revenue Guarantee as used in this Agreement means, subject to adjustment as provided below, * * * * $16.5 million for the * * * * Tracking Period. The dollar amounts of the Minimum Revenue Guarantee stated in the preceding sentence are based on assumptions that ATMs will be operated by Licensee in at least * * * * Stores for * * * * during the * * * * Tracking Period. Excluding in each of the following cases ATMs in Community Market Stores, to the extent, if any, that the number of ATM months in any of the Tracking Periods is less than the assumed number, the amount of the Minimum Revenue Guarantee for that Tracking Period will be proportionately reduced and to the extent, if any, that the number of ATM months in any of the Tracking Periods is greater than the assumed number, the amount of the Minimum Revenue Guarantee for that Tracking Period will be proportionately increased. For the purposes of this paragraph, the * * * * related to the * * * * Tracking Period will not be adjusted.
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Minimum Revenue Guarantee means USD $19,000,000 in respect of each year during the Minimum Revenue Guarantee Period.
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Minimum Revenue Guarantee set forth in Exhibit A of the Existing Agreement is hereby deleted in its entirety.
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Related to Minimum Revenue Guarantee

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

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

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

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Maximum Annual Debt Service means, as of the date of any calculation, the largest Annual Debt Service during the current or any future Bond Year.

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

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • 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.

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Revenue Share means Government’s Share of Revenue.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

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

  • Interest Free Security Deposit/ Performance Security means interest free amount to be deposited by the Licensee with NMRC as per terms and conditions of License Agreement as a security against the performance of the License 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.

  • Annual Debt Service as of any date means the maximum amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • 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.