Minimum Annual Commitment. 10.1.If the aggregate amounts paid by Bridge and the Bridge Subsidiaries to SAVVIS and the SAVVIS Subsidiaries for the Networks hereunder for any Agreement Year during the Initial Term of this Agreement, using not only the Acquired Network Facilities but also any Additional Network Facilities, is less than the Minimum Annual Commitment (as defined below), then the amount of such 38 deficiency shall be payable by Bridge to SAVVIS upon the receipt by Bridge of an invoice therefor, in accordance with Section 5 of the Agreement.
Minimum Annual Commitment. If a minimum revenue or service commitments (“MAC”) is required for the purchase of some Products and Services, it will be set forth in an Order and mutually agreed by the parties.
Minimum Annual Commitment. The Annual Service Fee Commitment of this Agreement will be *** for year 1, *** for year 2, *** for year 3 of the SOW Term, and *** for each year during the SOW Term thereafter. The Annual Service Fee Commitment is the minimum amount that DexYP agrees to be billed for the total Services offered hereunder for each year during the SOW Term. In the event that, as of the end of each full year of the SOW Term, DexYP’s xxxxxxxx for per-Call Fees for Services and any Overage Fees, as applicable, have not reached the amount of the Annual Service Fee Commitment set forth herein, then DexYP agrees to make payment of the applicable shortfall amount within *** days from the end of the applicable annual period. Notwithstanding the foregoing, the Annual Service Fee Commitment amount (or remaining balance if applicable) shall be due and payable in the event of any termination for cause by Marchex in accordance with the terms of the Agreement or shall be due and payable *** in the event of a termination of this SOW or the Agreement prior to the end of the then-current billing year for any other reason. The parties agree that in the event DexYP’s usage does not reach the Annual Service Fee Commitment amount due to material volume limitations on the number of CTNs that could be provisioned based on commercially reasonable requests by DexYP in the Covered Regions in that year, per Marchex’s right in Section 2(b) of the Agreement, or due to a material government restriction on Marchex’s right to allocate CTNs based on commercially reasonable requests by DexYP in the Covered Regions as per Section 2(c) of the Agreement, the parties *** the application of the Annual Service Fee Commitment for such year.
Minimum Annual Commitment. During the five (5) years commencing on January 1, 2020 (the “Commitment Period”), Customer commits to purchase in total up to USD 500,000,000 (the “Total Commitment”) of Products, with the expectation that such commitment is divided between the two businesses as follows: (i) USD [***] of Products for sale through the Verisure Security Business and (ii) USD [***] of Xxxx Catalog Products for sale through other channels in the Territory. By year, Customer commits to the following minimum annual commitment covering both businesses (the “Minimum Annual Commitment”): Year Minimum Annual Commitment 2020 USD [***] 2021 USD [***] 2022 USD [***] 2023 USD [***] 2024 USD [***] The Prepayments, the Total Commitment and the Minimum Annual Commitment are each subject to Supplier (i) not undergoing any Late Stability Triggering Event (as defined below) and (ii) continuing to meet its development and supply obligations, provided that Customer’s obligations with respect to the Prepayments, the Total Commitment and the Minimum Annual Commitment will only be suspended for so long as Supplier fails to meet its development and supply obligations. For clarity, the Minimum Annual Commitments are a subset of, and not in addition to, the Total Commitment.
Minimum Annual Commitment. Absent any regulatory issues with the Facility and except in the event of inability of BioVectra to supply Batches meeting the requirements of this Agreement in the quantities ordered in accordance with this Agreement, should PhaseBio fail to purchase the Minimum Annual Commitment as described in Section 3.2, BioVectra will invoice PhaseBio for the difference between the Minimum Annual Commitment (subject to any applicable adjustment pursuant to Section 5.4) and the actual number of Batches of Product purchased in that year multiplied by the Supply Price per Batch associated with the number of Batches ordered in that year under the respective Purchase Order (the “Minimum Shortfall Payment”). For example, in a given year in which the Minimum Annual Commitment is [***] Batches, should PhaseBio purchase [***] Batches, leaving a shortfall of [***] Batches, BioVectra shall invoice PhaseBio for a Minimum Shortfall Payment equal to [***] Batches (Shortfall) multiplied by the Supply Price per Batch. PhaseBio shall remit payment within thirty (30) days of receipt of invoice. The Minimum Shortfall Payment shall be [***] where a Minimum Shortfall Payment is [***] due to the Parties [***].
Minimum Annual Commitment. Beginning the Calendar Year 2020 and continuing through the Initial Term, in consideration for HOVIONE’s reservation of sufficient Manufacturing capacity to meet ACHAOGEN’s forecasted demand for the Product under this Agreement, ACHAOGEN commits to purchase from HOVIONE an amount of Product in each of Calendar Year 2020 through Calendar Year 2024 that corresponds to the values set forth in Exhibit 7 attached hereto (“Minimum Annual Commitment).
Minimum Annual Commitment. Beginning January 1 of the Calendar Year [***], in consideration for Hovione’s reservation of sufficient Manufacturing capacity to meet Customer’s forecasted demand for the Product under this Agreement, Customer commits to purchase from Hovione an amount of Product in such Calendar Year and each Calendar Year thereafter that corresponds to the values set forth in Exhibit 8 attached hereto (“Minimum Annual Commitment”). For the avoidance of doubt, Customer may be required to pay additional amounts based on the Minimum Annual Commitment as set forth in Section 10.7(v).
Minimum Annual Commitment. During the Initial Term: Years [***] following the first Approval: $[***] Years [***] following the first Approval: $[***]
Minimum Annual Commitment. Subject to the provisions of Section 19 below, during each "Contract Year" (defined as the twelve (12) month period commencing on the Commencement Date and each anniversary thereof) of this Agreement, Customer agrees to purchase a minimum of $1,000,000 ("Minimum Annual Commitment" or "MAC") in MSC Contributory Services, as defined in 6.3 below.
Minimum Annual Commitment. During each year of this Agreement, RESELLER ------------------------- shall accrue and timely pay to LITRONIC the net prices for the Products licensed, sold or otherwise distributed under this Agreement RESELLER agrees to a volume commitment for each year of this Agreement in the amount set forth in paragraph 8 of the Term Sheet. Progress towards the annual commitment will be monitored quarterly and failure to achieve this a phased commitment will be taken into account by LITRONIC when deciding about the renewal or termination of this agreement.
