Common use of Marketing Fund Clause in Contracts

Marketing Fund. County has established a marketing fund for the Airport to conduct sales promotions, Airport-wide advertising, and related activities intended to promote the Airport and its tenants. Commencing January 1 of each calendar year, TENANT shall be required to make an annual marketing fund payment in the amount of ten thousand dollars ($10,000.00). TENANT agrees to pay this amount on or before January I of each year. All monies received by the Airport for the marketing fund shall be used solely for the purpose of Airport tenants' promotions and directly related expenses. In the event any year of the LEASE contains less than 12 months, TENANT shall pay a pro-rata portion of the annual amount corresponding to the number of months remaining in that calendar year. For example, if the LEASE commences on November 1, TENANT shall pay the monthly pro-rata portion ($833.33 per month) of the annual marketing fund amount for November and December (totaling $1,666.66). Then, commencing on January 1, TENANT shall make the full annual marketing fund payment of $10,000.00. Should the LEASE expire on September 15, TENANT shall pay a pro-rata portion of the annual amount for the months of January through September.

Marketing Fund. County has established a marketing fund for the Airport to conduct sales promotions, Airport-wide advertising, and related activities intended to promote the Airport and its tenants. Commencing January 1 of each calendar year, TENANT shall be required to make an annual marketing fund payment in the amount of ten thousand dollars ($10,000.00). TENANT XXXXXX agrees to pay this amount on or before January I of each year. All monies received by the Airport for the marketing fund shall be used solely for the purpose of Airport tenants' promotions and directly related expenses. In the event any year of the LEASE contains less than 12 months, TENANT shall pay a pro-rata portion of the annual amount corresponding to the number of months remaining in that calendar year. For example, if the LEASE commences on November 1, TENANT shall pay the monthly pro-rata portion ($833.33 per month) of the annual marketing fund amount for November and December (totaling $1,666.66). Then, commencing on January 1, TENANT shall make the full annual marketing fund payment of $10,000.00. Should the LEASE expire on September 15, TENANT shall pay a pro-rata portion of the annual amount for the months of January through September.

Marketing Fund. The County has established a marketing fund for the Airport to conduct sales promotions, Airport-Airport- wide advertising, and related activities intended to promote the Airport and its tenants. Commencing January 1 of each calendar year, TENANT each tenant shall be required to make an annual marketing fund payment in the amount of ten thousand dollars ($10,000.0010,000). TENANT agrees to pay this amount on or before January I 1 of each year. All monies received by the Airport for the marketing fund shall be used solely for the purpose of Airport tenants' promotions and directly related expenses. In the event any year of the LEASE Lease contains less than 12 months, TENANT shall pay a pro-rata portion of the annual amount corresponding to the number of months remaining in that calendar year. For example, if the LEASE Lease commences on November 1, TENANT shall pay the monthly pro-pro- rata portion ($833.33 per month) of the annual marketing fund amount for November and December (totaling $1,666.661,666.67). Then, commencing on January 1, TENANT shall make the full annual marketing fund payment of $10,000.0010,000. Should the LEASE Lease expire on September 15, TENANT shall pay a pro-rata portion of the annual amount for the months of January through September.