Common use of Minimum Revenue Commitment Clause in Contracts

Minimum Revenue Commitment. Subject to the revenue commitment -------------------------- adjustments set forth in Section 1.6.2 and 1.6.3, as a minimum sales guarantee, AOL agrees to pay RS a total of * * ----------- per year in accordance with the following schedule: (a) during the first year following * * in the first quarter, ------------- * * in the second quarter, * * in the ------------- ------------- third quarter and * * in the fourth quarter (each a ------------- "First Year Quarterly Commitment") and (b) during the second year following * *, * * in each quarter ------------- ------------- (each a "Second Year Quarterly Commitment"). The First Year Quarterly Commitments and the Second Year Quarterly Commitments shall be collectively referred to herein as the ("Quarterly Commitments.") Such Quarterly Commitments shall be in addition to any amounts payable pursuant to Section 2.1 and shall be paid to RS even if AOL fails to generate Gross AOL Sales Revenue greater than or equal to any Quarterly Commitment. The Quarterly Commitment for each quarter shall be paid at the end of such quarter. For the purposes of this Section 1.6.1, a quarter shall mean a calendar quarter. The first calendar quarter during the Term shall be pro-rated based on the number of days in the Exclusive Sales Period during such calendar quarter, the remainder of the Quarterly Commitment for the first calendar quarter shall be paid for the period between the end of the quarter in which last Second Year Quarterly Commitment and March 15, 2001.

Minimum Revenue Commitment. Subject to the revenue commitment -------------------------- adjustments set forth in Section 1.6.2 and 1.6.3, as a minimum sales guarantee, AOL agrees to pay RS a total of * * ----------- ------------- per year in accordance with the following schedule: (a) during the first year following * * ------------------------------ in the first quarter, ------------- * * in the second quarter, * * in the ------------- ------------- second ------------------- quarter, * * in the third quarter and ------------------ * * in the fourth quarter (each a ------------- "First Year ----------------- Quarterly Commitment") and (b) during the second year following * *, * * in each ------------------ ------------------ quarter ------------- ------------- (each a "Second Year Quarterly Commitment"). The First Year Quarterly Commitments and the Second Year Quarterly Commitments shall be collectively referred to herein as the ("Quarterly Commitments.") Such Quarterly Commitments shall be in addition to any amounts payable pursuant to Section 2.1 and shall be paid to RS even if AOL fails to generate Gross AOL Sales Revenue greater than or equal to any Quarterly Commitment. The Quarterly Commitment for each quarter shall be paid at the end of such quarter. For the purposes of this Section 1.6.1, a quarter shall mean a calendar quarter. The first calendar quarter during the Term shall be pro-rated based on the number of days in the Exclusive Sales Period during such calendar quarter, the remainder of the Quarterly Commitment for the first calendar quarter shall be paid for the period between the end of the quarter in which last Second Year Quarterly Commitment and March 15, 2001.