Minimum Advertisement Expenditure. In view of the spirit described in Section 8.2 above, Licensee shall actively and diligently promote the sale of the Licensed Products within the Territory through advertising, media publicity or other appropriate forms and shall spend at least an amount set forth below for the advertisement and promotional activity for Licensed Products for each Contract Year. Licensee shall report to Licensor the amount spent for the advertisement and promotional activity in each Contract Year in the written form designated by Licensor within 30 days after the end of the Contract Year. CONTRACT YEAR AMOUNT 1st Contract Year 50,000,000 2nd Contract Year 55,000,000 3rd Contract Year 60,000,000 4th Contract Year 66,000,000 5th Contract Year 90,000,000 Currency: US Dollars
Appears in 4 contracts
Samples: Trademark License Agreement, Trademark License Agreement, Trademark License Agreement
