Agency; Payments. During the term of this Agreement, upon Customer identifying to Licensor a qualified prospect that subsequently becomes a new customer of Licensor within one year of such identification, Licensor shall pay to Customer fifteen percent (15%) of all revenue received by Licensor until the end of the first year of revenue receipts for such new customer (the "Agency Payment"). The first year of revenue receipts shall be the time period beginning on the date when Licensor signs an agreement with such new customer, and ending on the first anniversary of such date.
Appears in 2 contracts
Sources: Revenue Sharing Agreement (High Speed Net Solutions Inc), Revenue Sharing Agreement (High Speed Net Solutions Inc)