Minimum Annual Fee Sample Clauses
The Minimum Annual Fee clause establishes a baseline amount that a party, typically a licensee or service user, must pay each year regardless of actual usage or sales. In practice, this means that even if the licensee's sales or use of the licensed product or service fall below expectations, they are still obligated to pay at least the specified minimum fee annually. This clause ensures the licensor or service provider receives a guaranteed level of income, thereby reducing financial risk and providing predictability in revenue.
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Minimum Annual Fee. HRT O&G shall pay Air Amazonia the total minimum annual fees during the Term, if any, in BRL of the equivalent to USD $29,000,000, which shall be due and payable by HRT O&G, regardless of the number of Aircraft provided under this Agreement or the number of Flight Hours flown during the Term (“Minimum Annual Fee”).
Minimum Annual Fee. The Borrower shall pay to the Bank a minimum annual fee of Seventeen Thousand Five Hundred and 00/100 Dollars ($17,500.00) (the “Minimum Annual Fee”). The Minimum Annual Fee shall be payable in advance, in the manner provided in Section 2.11 herein, on October 15, 2009 for the first partial year hereunder, and on September 15, 2010 and each September 15 thereafter for any subsequent year. The Minimum Annual Fee shall be pro-rated for any partial year.”
Minimum Annual Fee. (a) CUSTOMER will pay PG&E no less than a minimum annual fee in the amount of (the "Minimum Annual Fee") as provided in 5.l(b) below. The Minimum Annual Fee will increase on an annual basis by per year as displayed in the following table:
Minimum Annual Fee. Section 2.9.1 of the Loan Agreement (as previously amended by the October 2009 CIT) is hereby deleted and replaced by the following:
Minimum Annual Fee. Company shall pay MS a minimum annual fee of $2,500,000 for year one, $2,000,000 for year two, and $1,500,000 for year three. The first two payments (total of $4,500,000) will be exchanged upon the execution of this Agreement for warrants to purchase 583,333 shares of the Company's common stock (at a per share exercise price of $13.50). The form of warrant will be identical (except for exercise price) to the form of warrant provided to MS in connection with its financing transaction occurring on or about the date of this Agreement. The third payment of $1,500,00 will be paid as follows: 50% on the first day of the third year, and 50% one hundred and twenty days following the first day of the third year.
Minimum Annual Fee. An annual minimum fee for all Northern Trust services is $125,000 per annum. ADVISERS INVESTMENT TRUST THE NORTHERN TRUST COMPANY By: By: Name: Name: Title: Title:
Minimum Annual Fee. The minimum Annual Fee payable by the Client to the Advisor shall be calculated based on Household Assets and complexity (the “Minimum Annual Fee”): **The Advisor will periodically review the Client’s household assets and complexity to determine the applicable Minimum Annual Fee. ***The Advisor will also periodically review and adjust the Minimum Annual Fee and provide at minimum thirty (30) days’ prior written notice to the Client of any such adjustments.
Minimum Annual Fee. Within [***] after each anniversary of the Effective Date, the Licensee shall pay to the Licensor the relevant Annual Fee set out in Schedule 1, provided that the Annual Fee shall be reduced by the amount paid by the Licensee to the Licensor pursuant to clause 3.5 or clause 3.6 in the Year immediately preceding the relevant anniversary. In no event shall any payment be due from the Licensor to the Licensee.
Minimum Annual Fee. An annual minimum fee for all Northern Trust services is $125,000 per annum.
Minimum Annual Fee. End User will pay the minimum annual fee of $1200.00 ($100.00 x 12 months).