Internet Market definition
Internet Market means distribution or delivery of the Licensed Programs, Third Party Software, or Derivative Works to end users over a wide area network using electronic data communications technology as presently implemented in the Internet or as hereafter designed for use in conjunction with telephone, cable, wireless, or other types of data transmission systems. The "Exclusivity Period" shall be a period of one (1) year from the Closing Date; provided, however, that the Exclusivity Period may be extended upon payment of certain Minimum Royalties by Newco to Seller as follows: Minimum Royalty Due Date New Exclusivity Period --------------- ----------------------- ----------------------- $ 500,000 End of 1st License Year Two (2) License Years $ 500,000 End of 2nd License Year Three (3) License Years $ 500,000 End of 3rd License Year Four (4) License Years $ 500,000 End of 4th License Year Five (5) License Years Minimum Royalties paid under this Section 3 shall be credited against royalties due under Section 6 below for Net Revenues, and royalties paid under Section 6 below for Net Revenues shall be applied to satisfy the Minimum Royalty obligations. In the event the royalties due under Section 6 below for any License Year are less than the Minimum Royalty paid for that License Year, an amount equal to the Minimum Royalty paid for that License Year minus the actual royalties payable for that License Year under Section 6 below shall be credited against royalties due under Section 6 below for Net Revenues in subsequent License Years. In the event royalties paid under Section 6 below for Net Revenues in any License Year exceed the Minimum Royalty due for that License Year, an amount equal to the Section 6 royalties actually paid minus the Minimum Royalty shall be credited against Minimum Royalties next falling due under this Section 3 for subsequent License Years.
Internet Market means the marketing and sale of products and services over the Internet along with the direct consumer distribution of such products and services.
Internet Market means all applications of the Software for End Users who will use the Software in conjunction with or in support of the targeting and personalizing of Internet sites or similar networks including a Internet site itself, content related thereto and targeted campaigns related to the site profiles but excluding Internet market segments that are determined to be not core to NPI's business by the mutual agreement of the parties.