General Concept. CIM shall have the option (the "Option"), at its discretion and upon reasonable prior notice to LWP, to substitute the following terms and conditions contained in SECTION 5 ALTERNATE RESPONSIBILITIES, GUIDELINES AND FINANCIAL TERMS below for the terms and conditions in SECTION 4 ADVERTISING INVENTORY AND REVENUE ALLOCATIONS, SALES AND OTHER FINANCIAL TERMS. CIM shall be permitted to exercise the Option or to elect to return to the terms and conditions of SECTION 4 ADVERTISING INVENTORY AND REVENUE ALLOCATIONS, SALES AND OTHER FINANCIAL TERMS no more than once in any given twelve (12) month period. If CIM does not choose to exercise the Option, then the terms and conditions contained in this SECTION 5 ALTERNATE RESPONSIBILITIES, GUIDELINES AND FINANCIAL TERMS shall have no effect or significance whatsoever.
Appears in 3 contracts
Sources: Operating Agreement (Talk City Inc), Operating Agreement (Talk City Inc), Operating Agreement (Talk City Inc)