Initial Marketing Period Clause Samples
The Initial Marketing Period clause defines the specific timeframe during which a property or product will first be actively marketed to potential buyers or tenants. Typically, this period is set out in the agreement and may include start and end dates, during which the seller or agent undertakes promotional activities such as advertising, open houses, or listing the property on various platforms. The core function of this clause is to establish clear expectations for both parties regarding when marketing efforts will begin and how long they will last, thereby ensuring coordinated efforts and preventing misunderstandings about the timing of sales activities.
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Initial Marketing Period. During the period beginning on the date Lessee delivers the Notice of Marketing Option Exercise and ending on the date which is four (4) months prior to the Expiration Date of the Facility 2 Lease Agreement (the "Initial Marketing Period"), Lessee shall use reasonable efforts to solicit Conforming Bids from potential purchasers of the Facility 2 Property. On or prior to the last day of the Initial Marketing Period, Lessee shall deliver to Lessor any Conforming Bid selected by Lessee (the "Initial Bid"). If the purchase price specified in the Initial Bid is equal to or greater than the difference between the Outstanding Lease Amount and Residual Value Guaranty Amount under Facility 2, Lessor shall accept such bid and Lessee shall have no further obligations to solicit additional bids.
Initial Marketing Period. During the period beginning on the date Lessee delivers the Notice of Marketing Option Exercise and ending on the date which is four (4) months prior to the Expiration Date of the Lease Agreement (the
Initial Marketing Period. Section 2.5(b) Inventions Section 7.1(b)
Initial Marketing Period. During the period beginning on the date Lessee delivers the Notice of Marketing Option Exercise and ending on the date which is four (4) months prior to the Expiration Date of the Lease Agreement (the "Initial Marketing Period"), Lessee shall use reasonable efforts to solicit Conforming Bids from potential purchasers of the Property. On or prior to the last day of the Initial Marketing Period, Lessee shall deliver to Lessor any Conforming Bid selected by Lessee (the "Initial Bid"). If the purchase price specified in the Initial Bid is equal to or greater than the sum of the total Tranche B Proportionate Share and the total Tranche C Proportionate Share of the Outstanding Lease Amount, Lessor shall accept such bid and Lessee shall have no further obligations to solicit additional bids.
Initial Marketing Period. The marketing term shall commence on the effective date of this Contract and shall continue for three (3) years, if no Agreement is executed. Otherwise, this Contract will expire after one (1) year from the effective date of the latest Agreement.
Initial Marketing Period. “Initial Marketing Period” shall mean the first five (5) months of the Operating Period of the Contract, beginning on the Commencement Date.