Minimum Annual Payment definition

Minimum Annual Payment means each payment described in Section 8.7.

Minimum Annual Payment shall have the meaning given to it in Section 5.2.

Minimum Annual Payment and “Pay as you go” amount shall mean the annual amount paid by the Authority toward Benefits, which, provide sufficient funds to cover all projected Benefits expenses for Beneficiaries and related administrative costs for that year. The Authority shall calculate the minimum annual payment as part of its financial plan each year.

Examples of Minimum Annual Payment in a sentence

• The Minimum Annual Payment is nil for the calendar year in which the first contract year date begins.

• Such Minimum Annual Payment shall not be credited, offset or deducted against any other Royalties or any other payments or amounts owed by one party to the other party under this Agreement or otherwise.

• Each Minimum Annual Payment will be deemed a non-refundable payment by Licensee of Royalties due under this Agreement for the applicable Contract Year.

• Notwithstanding the definition of “Call Price”, in the event of a breach by the Member of Section 9.04, (1) the “Call Price” shall be no or nominal consideration as determined in the Manager’s sole discretion, and 2B) to the extent a Company Note has been issued to such Call Member, or consideration payable pursuant to this Section 9.05 is otherwise payable in installments (including any Minimum Annual Payment), all remaining amounts payable to such Call Member shall be deemed forfeited.

• Royalties paid to PalmSource for sales by Wholly Owned Subsidiaries will count toward Licensee’s Minimum Annual Payment and Initial Royalty Amount in Exhibit D (Licensee Products, Royalties and Fees) in the same manner as Royalties paid for sales by Licensee.

More Definitions of Minimum Annual Payment

Minimum Annual Payment means the amount of the required annual payment as detailed in Section 3.1.6.

Minimum Annual Payment has the meaning specified in the Schedule.

Minimum Annual Payment means $200,000.

Minimum Annual Payment means [***]

Minimum Annual Payment means $100,000.

Minimum Annual Payment means $50,000.

Minimum Annual Payment means an amount in cash equal to $750,000 per each Calculation Period.