Common use of First Contract Year Clause in Contracts

First Contract Year. Separate from and in addition to its obligations under Section 2.1, NESI shall pay USL a Disposal Amount which shall be $8 million for the first Contract Year except as provided in Section 12. 1. NESI shall pay USL $1 million of the aforesaid Disposal Amount on each of the following eight occasions: November 2, 1998, December 1, 1998, January 4, 1999, February 1, 1999, March 1, 1999, April 1, 1999, May 1, 1999, and June 1, 1999, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.

First Contract Year. Separate from and in addition to its obligations under Section 2.1, NESI shall pay make an additional payment to USL a Disposal Amount which shall be in the total amount of $8 million for the first Contract Year except as provided in Section 12. 1. NESI shall pay USL $1 million of the aforesaid Disposal Amount additional payment on each of the following eight occasions: November 2, 1998, December 1, 1998, January 4, 1999, February 1, 1999, March 1, 1999, April 1, 1999, May 1, 1999, and June 1, 1999, except as provided in Section 12.1. Failure to make Payment in Full and on Time under this Section constitutes a breach of this Agreement.