Common use of Contribution Schedule Clause in Contracts

Contribution Schedule. a. In consideration for the right to be a sponsor at the Partnership Level the Sponsor marked on the Sponsorship Agreement (“Partnership Level”), and to be acknowledged by Association as a sponsor during the Term of this Agreement. Sponsor agrees to make a cash contribution to Association in the amount the Sponsorship Fee, to be paid in a single lump-sum within thirty (30) days of the Effective Date. b. The Sponsorship Fee shall constitute payment by Sponsor solely for Sponsor’s right to be sponsor at its Sponsorship Level and to be acknowledged by Association as a Sponsor. Such contributions shall in no manner be considered compensation or reimbursement for services rendered, activities undertaken by Association on behalf of Sponsor, or income from a partnership or joint venture. c. To the extent that any portion of a payment under this Section would not (if made as a separate payment) be deemed a qualified sponsorship payment under Section 513(i) of the Code, such portion of such payment and the other portion of such payment shall be deemed and treated as separate payments.