Common use of Initial System Clause in Contracts

Initial System. For the four (4) years following Commissioning of the Initial System, PathNet shall receive and retain all revenue from the sale of Excess Capacity created by the Initial System for the purpose of paying for the Initial System equipment and components. After the [***] following Commissioning, PathNet shall begin to receive [***] of the gross revenue and Texaco shall begin to receive, as additional rent, [***] of the gross revenue on the sale of Excess Capacity created from the Initial System.

Initial System. For the four (4) years following Commissioning of the Initial System, PathNet shall receive and retain all revenue from the sale of Excess Capacity created by the Initial System for the purpose of paying for the Initial System equipment and components. After the [*** * *] following Commissioning, PathNet shall begin to receive [*** * *] of the gross revenue and Texaco shall begin to receive, as additional rent, [*** * *] of the gross revenue on the sale of Excess Capacity created from the Initial System.