Common use of Full Year Clause in Contracts

Full Year. [*] [*] [*] [*] [*] * This information has been omitted pursuant to the Securities and Exchange Commission's grant of confidential treatment. In the Budget for each subsequent calendar year, unless the Parties otherwise mutually agree, such Budgeted Margins shall continue to be applicable to the calendar quarters in such calendar year. Notwithstanding the foregoing or any other provisions of this agreement to the contrary, if the Parties are unable to agree on a Budget for any calendar year, then, for purposes of calculating the Performance Fee, the Budgeted Margin for each calendar quarter of that calendar year (the "Current Quarter") shall be the greater of (a) the Budgeted Margin for the corresponding quarter of the prior calendar year (the "Corresponding Prior Quarter"), or (b) an amount which is equal to the result obtained when the Adjusted Gross Revenue for the Current Quarter is multiplied by a fraction having as its numerator the Budgeted Margin for the Corresponding Prior Quarter and having as its denominator the budgeted Adjusted Gross Revenue for the Corresponding Prior Quarter.