- 34 -
more fully infra.
Once the mailings had become sufficiently more profitable, in
deciding the amount of petitioner’s monthly draws, W&H considered
petitioner’s budget plans and the future net mailing revenues
expected to be produced. W&H based its decisions, in large part,
on its calculation of the current monthly net housefile mailing
revenue being produced and the 50 percent of the cumulative
housefile income that petitioner, in all events, was guaranteed
under the Contract.
Monthly draws from the Escrow Account were taken by
petitioner over the period from October 1984 through May 1989, as
shown in table 6.
Table 6
Monthly Cumulative
Month Draws Draws
10/84 $5,000 $5,000
11/84 -- 5,000
12/84 5,000 10,000
1/85 10,000 20,000
2/85 -- 20,000
3/85 6,000 26,000
4/85 14,000 40,000
5/85 10,000 50,000
6/85 10,000 60,000
7/85 18,000 78,000
8/85 20,000 98,000
9/85 -- 98,000
10/85 22,000 120,000
11/85 33,000 153,000
12/85 25,000 178,000
1/86 40,000 218,000
2/86 40,000 258,000
3/86 40,000 298,000
(Cont.) Table 6
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