Common use of Minimum Performance Standards Clause in Contracts

Minimum Performance Standards. In order for XenaCare to remain an Exclusive Distributorship from MSI in the Territory, XenaCare shall order and pay for Products having a minimum aggregate net price (not including freight, insurance, duties or taxes, and reduced by returns and allowances) Three Hundred Thousand US dollars (USD $300,000.00) in each three (3) month period, beginning six (6) months commencing on September 1, 2009. If XenaCare does not meet the performance standards set forth in this paragraph 3.03, MSI shall have the right to renegotiate or terminate the Appointment created under this Agreement.