Common use of Preferred Status Clause in Contracts

Preferred Status. 5.1 Revere shall use ** trunking and connectivity and network services in connection with the Services provided under this Agreement. 5.2 All of the prices, terms, conditions, warranties and benefits (collectively, "the Contract Terms") granted by Revere to TELUS under this Agreement shall be as of the Effective Date and, thereafter, for the remainder of the Term, in all material respects as favorable as the Contract Terms offered by Revere to any other customer taking into account all the circumstances of this transaction including volumes, operating conditions and the duration of this Agreement. Revere shall cooperate with TELUS to periodically verify the foregoing. 5.3 Revere shall be TELUS' preferred vendor for IVR Platform services. The term "preferred vendor" shall mean that where cost and business rationale justify, TELUS shall provide Revere with the opportunity to propose an arrangement for the provision of IVR Platform services for TELUS Prepaid Phone Cards. Negotiations with respect to use of the Revere IVR Platform services in such circumstances shall proceed on a case by case basis, based on sound business rationale, operating efficiencies and cost. (**Represents redacted material made pursuant to a confidential treatment request)