Common use of Fixed Payments Clause in Contracts

Fixed Payments. N2K will pay AOL the following guaranteed amounts: (i) two million dollars ($2,000,000) due upon execution of this Agreement; (ii) ten million dollars ($10,000,000) due upon the earlier of closing of N2K's initial public offering (the "IPO") and December 1, 1997; (iii) three million ($3,000,000) due November 1, 1998; and (iv) three million ($3,000,000) due November 1, 1999.

Fixed Payments. N2K will pay AOL the following guaranteed amounts: (i) two million dollars ($2,000,000) due upon execution of this Agreement; (ii) ten million dollars ($10,000,000) due upon the earlier of closing of N2K's initial public offering (the "IPO") and December 1, 1997; (iii) three million dollars ($3,000,000) due upon November 1, 1998; and (iv) three million dollars ($3,000,000) due upon November 1, 1999; and four million ($4,000,000) due upon November 1, 2000."