Common use of Quarterly Roll Forward and reconciliation Clause in Contracts

Quarterly Roll Forward and reconciliation. It is the intention of the parties that in the first five (5) quarters of this Agreement GFOL receive Qualifying Revenue of no less than $[****]. It is also the intention of the parties that despite the obligation for TNSI to make minimum monthly payments, that the variations in demand for research data experienced by TNSI be accommodated. If, at the end of the second quarter of this Agreement, Qualifying Revenue is in excess of the quarterly Minimum Guaranteed Revenue ($[****]) then TNSI shall pay such excess to GFOL in cash (except to the extent that such excess is related to Qualifying Revenue defined in Subsections 7.1.3(b) and (c)) together with the first Monthly Prepayment of the third quarter's Minimum Guaranteed Revenue. The entire amount of such excess shall be known as a "Positive Roll Forward Amount". In the event that the Qualifying Revenue received by GFOL during the second quarter of this Agreement is less than the quarterly Minimum Guaranteed Revenue ($[****]) that amount (a "Negative Roll Forward Amount") may be Rolled Forward into the next succeeding three quarters of the Agreement, provided that the maximum Negative Roll Forward Amount that may exist at the end of any quarter during the first five (5) quarters of the Agreement is $[****]. Negative Roll Forward Amounts may be used in the first five (5) quarters of this Agreement to defray TNSI's obligation to pay

Quarterly Roll Forward and reconciliation. (a) ______ During the First 12 months of the Term: It is the intention of the parties that in the first five four (54) quarters of this Agreement GFOL receive Qualifying Revenue of no less than $[****]. It is also the intention of the parties that despite the obligation for TNSI to make minimum monthly payments, that the variations in demand for research data experienced by TNSI be accommodated. If, at the end of the second quarter of this Agreement, Qualifying Revenue is in excess of the quarterly Minimum Guaranteed Revenue ($[****]) then TNSI shall pay such excess to GFOL in cash (except to the extent that such excess is related to Qualifying Revenue defined in Subsections 7.1.3(b) and (c)) together with the first Monthly Prepayment of the third quarter's Minimum Guaranteed Revenue. The entire amount of such excess shall be known as a "Positive Roll Forward Amount". In the event that the Qualifying Revenue received by GFOL during the second quarter of this Agreement is less than the quarterly Minimum Guaranteed Revenue ($[****]) that amount (a "Negative Roll Forward Amount") may be Rolled Forward into the next succeeding three two quarters of the Agreement, provided that the maximum Negative Roll Forward Amount that may exist at the end of any quarter during the first five four (54) quarters of the Agreement is $[****]. Negative Roll Forward Amounts may be used in the first five four (54) quarters of this Agreement to defray TNSI's obligation to pay

Quarterly Roll Forward and reconciliation. (a) During the First 12 months of the Term: It is the intention of the parties that in the first five four (54) quarters of this Agreement GFOL receive Qualifying Revenue of no less than $[****]. It is also the intention of the parties that despite the obligation for TNSI to make minimum monthly payments, that the variations in demand for research data experienced by TNSI be accommodated. If, at the end of the second quarter of this Agreement, Qualifying Revenue is in excess of the quarterly Minimum Guaranteed Revenue ($[****]) then TNSI shall pay such excess to GFOL in cash (except to the extent that such excess is related to Qualifying Revenue defined in Subsections 7.1.3(b) and (c)) together with the first Monthly Prepayment of the third quarter's Minimum Guaranteed Revenue. The entire amount of such excess shall be known as a "Positive Roll Forward Amount". In the event that the Qualifying Revenue received by GFOL during the second quarter of this Agreement is less than the quarterly Minimum Guaranteed Revenue ($[****]) that amount (a "Negative Roll Forward Amount") may be Rolled Forward into the next succeeding three two quarters of the Agreement, provided that the maximum Negative Roll Forward Amount that may exist at the end of any quarter during the first five four (54) quarters of the Agreement is $[****]. Negative Roll Forward Amounts may be used in the first five four (54) quarters of this Agreement to defray TNSI's obligation to pay