Common use of Guaranteed Minimum Payments Clause in Contracts

Guaranteed Minimum Payments. NextCard shall make guaranteed minimum payments against the Account Fee within thirty (30) days after the end of each month in the amounts set forth in the table below (the "Minimums"). Of each Minimum, a dollar amount equal to [*] times the New Co-Branded Account Goal for the given month shall be paid directly to Amazxx.xxx. Xx in any given month, the new Co-Branded Accounts opened exceed that month's New Account Goal, then NextCard shall pay Amazxx.xxx xxx Minimum plus the Account Fee for each Co-Branded Account opened in excess of that month's New Account Goal. Payment of Minimums, but not the Account Fees, shall cease upon the earlier of (i) the termination of the Initial Term (unless the Parties agree otherwise), or (ii) the date on which the cumulative New Co-Branded Account Goals for the Initial Term are met (and, if such date occurs in the middle of a month during the Initial Term, a pro-rata Minimum shall apply for such month). No Account Fees above the monthly minimum shall be paid in any given month if the total of all payments made in connection with this Agreement by NextCard to Amazxx.xxx xxxided by [*] is greater than the total of all Co-Branded Accounts originated up through the date on which such calculation is performed divided by [*]. As an example, if the monthly account goals for a four month period were [*] each month, and the actual accounts achieved were [*] then the payments would be for [*] accounts respectively. As an additional example, if the monthly account goals for a four month period were [*] each month, and the actual accounts achieved were [*] then the payments would be for [*] accounts respectively.