Referral Guarantee Clause Samples

Referral Guarantee. During the Term of this Agreement, Nettaxi ------------------- guarantees that Nettaxi's promotional placements for the HotBot Personal Search Tool and Wired Content shall result in not less than I 00,000 Referrals per month. For purposes of determining whether Nettaxi has performed on its Referral guarantee, the Referral tally shall begin at zero at the beginning of each contract quarter. (a) If Nettaxi fails to achieve the guaranteed level of 300,000 Referrals in a particular quarter, Wired's obligation to make such quarter's Referral Payment (as described below in Section 5.3) shall be deferred until the due date of the next quarterly payment. (b) If Nettaxi fails to achieve the guaranteed level of 300,000 Referrals for two consecutive contract quarters, the payment per thousand Referrals quoted in Section 5.1(a) shall be decreased to $5 CPM.