Common use of Minimum Performance Standards Clause in Contracts

Minimum Performance Standards. During the Term, ▇▇▇ shall comply ----------------------------- with the Minimum Performance Standards described in this Section 5.8. The Minimum Performance Standards shall be calculated for each year of the Term based on the Initial Base Case Financial Model. The Minimum Performance Standards shall be measured on an annual basis consistent with the following: Years of Term Performance Criteria ------------- -------------------- 1 through 2 50% of projected Gross Revenues from the sale of Telecommunications Services for such year 3 through 4 75% of projected Gross Revenues from the sale of Telecommunications Services for such year 5 through 6 50% of the Operating Lease Payment amount in effect for such year 7 through 15 75% of the Operating Lease Payment amount in effect for such year