Common use of Payment Terms/Stopped Work Clause in Contracts

Payment Terms/Stopped Work. 8.1 Monthly Pre-Payments: TNSI shall pre-pay a Minimum Guaranteed Revenue amount for each month of the Minimum Guarantee Period of the Agreement, between the [****] days (inclusive) of each calendar month, in the amount of $200,000 per month in the first year and $125,000 in the 13th month, $150,000 in the 14th month and $175,000 in the 15th month. For the remainder of the Minimum Guarantee Period the Minimum Guaranteed Revenue amount shall be $200,000 per month.; provided that because the parties anticipate that TNSI's clients' demand for the GFOL Services will take several months to develop and mature from and after the execution of this Agreement, no payment will be due from TNSI to GFOL for GFOL Services during or with respect to the first three months of the Term; and provided further that on the first day of the fourth month of the Term TNSI will pay for any GFOL Services used by TNSI in the first three months of the Term in excess of $[****], and any excess will be considered Qualifying