Minimum Guaranteed Payment. For the second through tenth years of operation, DecoBike shall pay City the greater of the combined Sales and Advertising Commissions or the Minimum Guaranteed Payment (MGP) specified below and adjusted for the size of the fleet, less any credits due. DecoBike shall pay Sales and Advertising Commissions on a quarterly basis as set forth in Sections 9.3 and 9.4, with a reconciliation against the MGP at Contract Year end, as set forth in Section 9.8. Year: Minimum Guaranteed Payment: 2 $ 50,000.00 3 $ 100,000.00 4 $ 100,000.00 5 $ 125,000.00 6 $ 125,000.00 7 $ 150,000.00 8 $ 150,000.00 9 $ 150,000.00 10 $ 175,000.00 TOTAL $ 1,050,000.00 The above-stated MGP assumes and is contingent upon the deployment and operation of 1,800 bikes in the program (equaling a 100% deployment of bikes). In the event less than 1,800 bikes are operating during a specific calendar year, the MGP shall be reduced proportionally by the number of bikes falling below the 100% deployment of 1,800. Conversely, if the number of bikes deployed exceeds 1,800, the MGP shall be increased proportionally. For the purpose of this section, the number of bikes deployed means the number of bikes in the System on the last day of each quarter, averaged for the Contract Year.
Minimum Guaranteed Payment. Licensee shall pay Novell minimum, annual, aggregate royalties for the Envoy Application Product and the Levex 0 XXX xx specified below. If the aggregate royalties owed to Novell pursuant to Sections 12.a, 12.b, 12.c, and 12.d during each Annual Royalty Period of this Agreement amount to less than the Minimum Guaranteed Payment, Licensee agrees to pay Novell the difference within thirty (30) days of the end of each Annual Royalty Period. MINIMUM GUARANTEED PAYMENT First Annual Royalty Period [*] Second Annual Royalty Period [*] Third Annual Royalty Period [*] Fourth Annual Royalty Period [*] Fifth Annual Royalty Period [*] Each subsequent Annual Royalty Period: [*] increase over previous year's Minimum Guaranteed Payment
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Fifty Thousand United States Dollars (USD 50,000) as a Advance Royalty Payment (hereinafter referred to as “the MG Payment”), within 10 working days upon the Commercial Launch Date. The Royalty Payment described in Section 5.3 shall be deemed as fully paid until the accumulated Royalty Payment reaches the amount of the accumulated MG Payment paid to Licensor. For the avoidance of doubt, Licensee shall only pay the balance between the accumulated Royalty Payment and the accumulated MG Payment paid to Licensor if the accumulated Royalty Payment until a specific month period goes beyond the accumulated Guarantee Payment paid to Licensor by then.
Minimum Guaranteed Payment. In the event none of the Performance Goals are met, you shall be entitled to receive a payment (fifty percent (50%) in the Fair Market Value of Shares and fifty percent (50%) in cash) equal to twenty percent (20%) of the payment you would have received if the Target Performance Goal had been attained, such payment to be equitably prorated if required by the second paragraph of Paragraph 3.
Minimum Guaranteed Payment. VM shall make a minimum non-refundable guaranteed payment (the "MINIMUM GUARANTEED PAYMENT") of $50,000 per month, commencing on dateMonth5Day1Year2005May 1, 2005 and continuing for a period of twenty (20) months through dateMonth12Day31Year2006December 31, 2006. Minimum Guaranteed Payments shall be non-refundable, but shall be credited against, and may entirely satisfy, or exceed, actual Additional Fees owing.
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable sum of Eight Million United States Dollars (US$8,000,000) (“the MG Payment”) as a Minimum Guaranteed Payment for the Term of this Agreement against the Royalty Payment within the end of year 2006, which date is 31st of December, 2006. The Royalty shall be deemed as fully paid until the accumulated Royalty reaches the amount of the MG Payment. For the avoidance of doubt, no actual Royalty payment shall be required until the accumulated Royalty reaches the amount of the MG Payment.
Minimum Guaranteed Payment. The Article 5.2 of the Original Agreement shall be amended as the following languages;
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Four Hundred Thousand United States Dollars (US$400,000) as a Minimum Guaranteed Royalty (hereinafter referred to as “the MG payment”) within the Term of this Agreement after the Commercial service date of the Game. Upon Licensee’s receipt of Licensor’s written invoice, Licensee shall pay an actual Royalty Payment on a monthly basis within Twenty (20) days after the end of the applicable month. To avoid of doubt, if the accumulated Royalty Payment actually made by Licensee to Licensor during the Term of this Agreement does not reach the total amount of the MG payment, Licensee shall pay to Licensor the balance of MG Payment at once within Thirty (30) calendar days after the expiration or termination of The Agreement.
Minimum Guaranteed Payment. The Article 5.2 in the Original Agreement shall be deleted in its entirety
Minimum Guaranteed Payment. Licensee shall pay to Licensor a non-refundable, non-recoupable sum of Four Hundred Thousand United States Dollars (US$400,000) as a Minimum Royalty (hereinafter referred to as “the MG Payment”) in eight (8) installments as follows :
