Advertising Payment Clause Samples

The Advertising Payment clause defines the terms and conditions under which payments for advertising services must be made. It typically outlines the payment schedule, acceptable methods of payment, and any consequences for late or missed payments, such as interest charges or suspension of services. By clearly specifying how and when payments are to be made, this clause helps prevent disputes and ensures that both parties understand their financial obligations related to advertising activities.
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Advertising Payment. Each Restaurant shall pay to the General Partner a designated amount that shall be used for advertising and/or promotional activities (the “Advertising Payment”). The Advertising Payment shall be used to meet the costs of advertising and/or promotional activities (including, without limitation, the cost of conducting television, radio, magazine, and newspaper advertising campaigns, direct mail and outdoor billboard advertising; marketing surveys and other public relations activities; employing advertising agencies to assist therein; and providing promotional brochures and other marketing materials to the restaurants operated under the System). The General Partner or its designee shall oversee all advertising and promotional programs with sole discretion to approve or disapprove the creative concepts, materials and media used in such programs, and the placement and allocation thereof. The amount to be paid by a Restaurant as its Advertising Payment shall be established by the General Partner and shall be equal to a specified percentage of each Restaurant’s gross sales, net of approved complimentary meals for public relations activities at the Restaurant level; and shall be reviewed on an annual basis by the General Partner and may be increased or decreased from time to time to equal the percentage of gross sales expended on advertising by the General Partner’s restaurants in comparable areas.
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Advertising Payment. 11.1 Subject to Section 11.2, Ford will pay one-half of the costs of the Advertising Programs to the extent that it is considered Eligible Advertising under Section 13. (a) Ford’s base advertising payment will be **** in the Advertising Year ending on August 31, 2005 (the “2005 Advertising Year”). However, the parties recognize that the quarterly payments for the 2005 Advertising Year were calculated and paid by Ford in an amount provided in the prior agreement between Ford and Hertz System, Inc.; the total payments to Hertz for the 2005 Advertising Year will be adjusted so that the amount paid is that specified in this Section 11 and Section 12 of this Agreement. (b) For each of the Advertising Years indicated below, Ford’s base advertising payment (“the Base Advertising Payment”) shall be an amount calculated as follows: (1) for the 2006 Advertising Year, an amount equal to **** multiplied by: (i) a fraction, the numerator of which is the CPI for April 2005 and the denominator of which shall be the CPI for April 2004, or (ii) ****, whichever is smaller; (2) for the 2007 Advertising Year, an amount equal to the 2006 Base Advertising Payment multiplied by: (i) a fraction, the numerator of which is the CPI for April 2006 and the denominator of which shall be the CPI for April 2005, or (ii) ****, whichever is smaller; (3) for the 2008 Advertising Year, an amount equal to the 2007 Base Advertising Payment multiplied by: (i) a fraction, the numerator of which is the CPI for April 2007 and the denominator of which shall be the CPI for April 2006, or (ii) ****, whichever is smaller; (4) for the 2009 Advertising Year, an amount equal to the 2008 Base Advertising Payment multiplied by: (i) a fraction, the numerator of which is the CPI for April 2008 and the denominator of which shall be the CPI for April 2007, or (ii) ****, whichever is smaller; (5) for the 2010 Advertising Year, an amount equal to the 2009 Base Advertising Payment multiplied by: (i) a fraction, the numerator of which is the CPI for April 2009 and the denominator of which shall be the CPI for April 2008, or (ii) ****, whichever is smaller.
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Advertising Payment. (a) For each Calendar Year during the Term, Weider will pay Oak a cash amount equal to 1% of the Net Print Advertising Revenues (“1% Advertising Payment”) for such Calendar Year; provided, however, that in no event shall such 1% Advertising Payment be less than $1,000,000 in any full Calendar Year. (b) The 1% Advertising Payment will be paid to Oak as follows: (i) $250,000 each March 31, June 30, September 30 and December 31 during the Term commencing on March 31, 2004 (or if any such day is not a Business Day, then on the next Business Day) and (ii) any remaining balance of the 1% Advertising Payment due to Oak in a Calendar Year (i.e. the amount, if any, by which the 1% Advertising Payment exceeds $1,000,000 for such Calendar Year) within ninety (90) days after the end of such Calendar Year. (c) If the Term is terminated for any reason on any day other than the last day of a Calendar Year or if the Term is terminated pursuant to Section 2.3(e), then the 1% Advertising Payment will be paid to Oak through the last full month of the Term preceding such termination (e.g., if the Term ends on May 10, 2007, then for Calendar Year 2007 Oak will be entitled to receive 1% of the Net Print Advertising Revenues from January 1, 2007 through April 30, 2007). Under such circumstances, within ninety (90) days after the end of the Term Weider will pay to Oak the amount, if any, by which the 1% Advertising Payment for that partial year exceeds the amounts previously paid to Oak in respect of that partial year pursuant to clause (i) of Section 5.1(b) (e.g., if the Term ends on May 10, 2007, then within ninety (90) days thereafter Weider will pay to Oak the amount, if any, by which 1% of the Net Print Advertising Revenues from January 1, 2007 through April 30, 2007 exceeds the $250,000 paid on March 31, 2007; it being understood that Oak will be entitled to retain any amounts paid pursuant to Section 5.1(b) in respect of a partial year in excess of the 1% Advertising Payment for such partial year).
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Advertising Payment. On the one year anniversary date of the Commencement Date, Tenant shall pay to Digitlord the sum of [*] (the “Second Payment”). The parties acknowledge and agree that the Second Payment represents Tenant’s advance payment to Digitlord for 12 months of expected advertising costs, commencing with the one year anniversary of the Commencement Date.
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Advertising Payment. With respect to each Contract accepted by ------------------- JMAC for purchase on or after February 16, 1998, Provider irrevocably directs that such portion of the Purchase Price for such Contract as shall equal 8% of the amount financed by such Contract be paid, on Provider's behalf and in lieu of to Provider, to Jayhawk Medical Advertising Fund ("Advertiser"). Provider and JMAC acknowledge and agree that Provider shall be deemed for all purposes of this Agreement to have received from JMAC any amounts paid to Advertiser in accordance with the immediately preceding sentence for and in consideration of the related Contract purchased by JMAC and that there are no third party beneficiaries to this Agreement 2. The Agreement, as amended hereby, shall continue in full force and effect. The Agreement, as amended hereby, contains the complete agreement of the parties thereto, and supersedes any and all prior agreements, whether written or oral, and prior courses of dealings.
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Related to Advertising Payment

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  • Closing Payments At the Closing, Buyer will pay or cause to be paid from the Closing Purchase Price as set forth in the Pre-Closing Statement, subject to any mutually agreed adjustments determined by Buyer and Seller pursuant to Section 3.4(a), the following amounts to Seller or such other Persons as follows: (a) the Financial Debt as set forth in the Payoff Letters and the unpaid Transaction Expenses in accordance with the payment instructions delivered by Seller to Buyer before the Closing; (b) an amount equal to 66.67% of the Closing Cash Consideration (the “Closing Cash Payment”) via wire transfer to the bank accounts designated by Seller to Buyer in writing at least five (5) Business Days prior to the Closing Date, which may be the accounts of the Members (the “Member Bank Accounts”), or the Seller (the “Seller’s Bank Account”) to be paid to Seller or, to the extent designated in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages; (c) Parent will issue to Seller, or, to the extent designated by Seller in writing at least five (5) Business Days prior to the Closing Date and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, a number of shares of unregistered common stock, par value $0.001 per share, of Parent (“Parent Common Stock”) equal to 85.00% of the Stock Value divided by the Per Parent Share Price (the “Closing Stock Payment”); (d) Parent will deposit with the Escrow Agent a number of shares of unregistered Parent Common Stock equal to 15.00% of the Stock Value divided by the Per Parent Share Price (the “Indemnity Escrow Shares”) in an account to be established by the Escrow Agent in accordance with the Escrow Agreement (the “Escrow Account”).

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  • Recurring Payments For subscriptions that renew automatically, Customer authorizes Microsoft to charge Customer’s payment method periodically for each subscription or billing period until the subscription is terminated. By authorizing recurring payments, Customer authorizes Microsoft to process such payments as either electronic debits or fund transfers, or as electronic drafts from the designated bank account (in the case of Automated Clearing House or similar debits), as charges to the designated card account (in the case of credit card or similar payments) (collectively, “Electronic Payments”). If any payment is returned unpaid or if any credit card or similar transaction is rejected or denied, Microsoft or its service providers reserve the right to collect any applicable return item, rejection or insufficient funds fee to the maximum extent permitted by applicable law and to process any such fees as an Electronic Payment or to invoice Customer for the amount due.

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