FEDEX SERIES, INDY LIGHTS AND ATLANTICS Sample Clauses

FEDEX SERIES, INDY LIGHTS AND ATLANTICS. 3.1.1 In respect of calendar years 1999 and 2000, ISL guarantees that it will generate the minimum sums specified in Schedule C hereto ("the Overall Guarantee"), in cash and value in kind actually received by CART (as defined in Schedule D) from sponsorship agreements relating to the FedEx Series, Indy Lights and Atlantics, failing which ISL shall pay CART the difference between the amount actually generated for each series and the said sums specified in Schedule C within thirty (30) days of the end of the calendar year to which the relevant portion of the Overall Guarantee applies. The values of the product categories, the amounts payable by CART to race organizing committees in respect thereof, the treatment of unwanted value in kind, and the arrangements for payments are set forth in Schedule D.
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