Common use of Payment Terms/Stopped Work Clause in Contracts

Payment Terms/Stopped Work. 8.1 Monthly Pre-Payments: TNSI shall pre-pay its Minimum Guaranteed Revenue amount for each month of the first two years of the Agreement, between the first and fifth days (inclusive) of each calendar month, in the amount of $200,000 per month in the first year and $300,000 per month in the second year; 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 [****] of the Term; and provided further that on the first day of the [****] month of the Term TNSI will pay for any GFOL Services used by TNSI in the first [****] months of the Term in excess of $[****], and any excess will be considered Qualify Revenue as well as a Positive Roll Forward Amount.