Common use of Year Three Clause in Contracts

Year Three. JAMtv will pay $1,000,000 to ▇▇▇▇▇▇ Media for the one ---------- year period commencing on the second anniversary of the First Payment Date and ending on the third anniversary of the First Payment Date, which shall be payable in four (4) equal installments of $250,000 each. The first installment shall be payable on January 6, 2000, the second installment shall be payable on April 6, 2000, the third installment shall be payable on July 6, 2000, and the fourth installment shall be payable on October 6, 2000.

Year Three. JAMtv will pay $1,000,000 to ▇▇▇▇▇▇ Media for the one ---------- year period commencing on the second anniversary of the First Payment Date and ending on the third anniversary of the First Payment Date, which shall be payable in four (4) equal installments of $250,000 each. The first installment shall be payable on January 6, 2000, the second installment shall be payable on April 6, 2000, the third installment shall be payable on July 6, 2000, and the fourth installment shall be payable on October 6, 2000.