NO OBLIGATION TO PUBLISH. Nothing in this Agreement shall obligate Client to launch, publish or continue to publish the Site; PROVIDED, that in the event that Client (i) fails to launch the Site on or before September 1, 1999, or (ii) fails to continue to publish the site for a period of at least five (5) years from the date hereof (the "Publication Period"), and at all times during the Publication Period Client does not use its best efforts to generate significant revenue from use of the Site, or otherwise from electronic commerce generally, then within thirty (30) days following its receipt of written notice from Developer of a breach by Client of either subprovision (i) or (ii), Client shall be obligated to pay to Developer the difference between $500,000 and the aggregate amount of Royalties previously distributed to Developer (which amount shall be credited as the payment of Royalties for purposes of Paragraph 12) within thirty (30) days of written notification therefor given to Client by Developer.
Appears in 1 contract
Sources: Web Site Design and Consulting Agreement (Tadeo Holdings Inc)
NO OBLIGATION TO PUBLISH. Nothing in this Agreement shall obligate Client to launch, publish or continue to publish the Site; PROVIDED, that in the event that Client (i) fails to launch the Site on or before September 1, 1999, or (ii) fails to continue to publish the site for a period of at least five (5) years from the date hereof (the "Publication Period"), and at all times during the Publication Period Client does not use its best efforts to generate significant revenue from use of the Site, or otherwise from electronic commerce generally, then within thirty (30) days following its receipt of written notice from Developer of a breach by Client of either subprovision (i) or (ii), Client shall be obligated to pay to Developer the difference between $500,000 and the aggregate amount of Royalties previously distributed to Developer (which Developer(which amount shall be credited as the payment of Royalties for purposes of this Paragraph 12) within thirty (30) days of written notification therefor given to Client by Developer.
Appears in 1 contract
Sources: Web Site Design and Consulting Agreement (Tadeo Holdings Inc)
NO OBLIGATION TO PUBLISH. Nothing in this Agreement shall obligate Client to launch, publish or continue to publish the Site; PROVIDEDprovided, that in the event that Client (i) fails to launch the Site on or before September 1, 1999, or (ii) fails to continue to publish the site for a period of at least five (5) years from the date hereof (the "Publication Period"), and at all times during the Publication Period Client does not use its best efforts to generate significant revenue from use of the Site, or otherwise from electronic commerce generally, then within thirty (30) days following its receipt of written notice from Developer of a breach by Client of either subprovision (i) or (ii), Client shall be obligated to pay to Developer the difference between $500,000 and the aggregate amount of Royalties previously distributed to Developer (which amount shall be credited as the payment of Royalties for purposes of Paragraph 12) within thirty (30) days of written notification therefor given to Client by Developer.
Appears in 1 contract
Sources: Web Site Design and Consulting Agreement (Diplomat Direct Marketing Corp)