BY VERTICALNET Sample Clauses

BY VERTICALNET. Prior to the commencement of each applicable Contract quarter (and on April 10, 2000 with respect to the first Contract Quarter), Microsoft will pay to VerticalNet the amounts indicated in the following table. Contract Quarter Payment ---------------- ------- 1 $5,000,000 2 $5,000,000 3 $5,000,000 4 $5,000,000 5 $5,000,000 6 $5,000,000 7 $5,000,000 8 $5,000,000 9 $5,000,000 10 $5,000,000 11 $5,000,000 12 $5,000,000 For such payments, VerticalNet will provide bCentral, MSN Service and other Web Sites within the Microsoft family of Web Sites banner ads and other promotional placements in the VerticalNet Communities and on the VerticalNet.com Web Site, in accordance with a plan and in an amount exxxxxxxxx xx xxe payment made in accordance with this section to be prepared by VerticalNet for each Contract Year and presented to Microsoft. Except as approved in the annual plan described in the preceding sentence, subject to VerticalNet's written consent on a case-by-case basis, Microsoft will have the right to use such banner ads and other promotional placements as it deems appropriate, including without limitation, assigning its rights to unrelated third parties. Each such plan will include a cash flow schedule for the applicable Contract Year, and will include an explanation of the pricing applied to each promotional opportunity. Microsoft will provide VerticalNet with comments on the plan within ten business days after receiving it. VerticalNet will consider Microsoft's comments in good faith and develop and deliver to Microsoft a revised plan, which will be subject to Microsoft's approval (not to be unreasonably withheld) and form the basis for the application of the amounts paid by Microsoft for that Contract Quarter. If the revised plan is not approved, it will be escalated to the appropriate persons pursuant to Section 2.3.2.
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