Minimum Royalty Payment is defined in Section 3.1(d).

Minimum Royalty Payment shall have the meaning specified in ----------------------- Subsection 5.10.2 hereof.

Minimum Royalty Payment means the amount by which the Annual Minimum Amount for the Fiscal Year exceeds, if at all, the sum of the Quarterly Payments paid or payable for the four quarters ending in the Fiscal Year. The Minimum Royalty Payment may be paid in cash or as a Minimum Royalty Stock Payment or as a combination of cash and a Minimum Royalty Stock Payment in accordance with Section 3.05 of the Purchase Agreement.

Examples of Minimum Royalty Payment in a sentence

Within any one (1) calendar year, Lessee may use one hundred percent (100%) of that calendar year’s Advance Minimum Royalty Payment as credit against Production Royalties due Lessor within that calendar year.
If the total dollar amount of Production Royalties due Lessor within that calendar year exceed the dollar amount of the Advance Minimum Royalty Payment due Lessor within that calendar year, Lessee can credit all uncredited Advance Minimum Royalty Payments made in previous years against fifty percent (50%) of the Production Royalties due Lessor within that calendar year.
This Agreement shall automatically renew for successive one (1) year terms provided the Minimum Royalty Payment requirements set forth in Exhibit C are achieved in the prior year and unless either Party provides written notice to the other Party at least sixty (60) days prior to the end of the applicable term.
Failure by the Company to make the Minimum Royalty Payment shall be deemed a material breach of this agreement.
Following the Minimum Royalty Payment Date, within sixty (60) days following the end of each calendar quarter during the term of this Agreement, Juniper shall submit to Xx. Xxxxxxxx a reporting form setting forth with respect to such quarter (a) the quantities of Products as to which royalties are due hereunder, and (b) a computation of such royalties.

More Definitions of Minimum Royalty Payment

Minimum Royalty Payment has the meaning given in Section 8.3.

Minimum Royalty Payment means the amount set forth in Section 6.2.2.

Minimum Royalty Payment shall have the meaning ascribed in Section 4.3 of this Agreement;

Minimum Royalty Payment has the meaning set forth in Section 6.3.

Minimum Royalty Payment means the minimum royalty payments as set forth in Section 10.4 of the Business Terms.

Minimum Royalty Payment has the meaning specified in the First Agreement;

Minimum Royalty Payment means the minimum payment of royalties under Section 4.03 owed in any Calendar Year.