Minimum Advertising Commitment Clause Samples
Minimum Advertising Commitment. Subject to Paragraphs 9(b), 9(c), 9(d), 9(e), 9(g), 9(h), 9(i), 9(j), 9(k) and 9(l), Syratech shall expend the Advertising Commitment for the Term as follows:
(i) In an amount to be determined by the Parties in accordance with the terms of this Agreement, but in no event less than One Hundred Twelve Thousand Five Hundred Dollars ($112,500) in Year One (unless the Packaging Budget is expended in Year Two in accordance with Paragraph 9(i) below);
(ii) One Million Dollars ($1,000,000) in Year Two;
(iii) One Million Dollars ($1,000,000) in Year Three;
(iv) One Million Dollars ($1,000,000) in Year Four;
Minimum Advertising Commitment iTurf is obligated to purchase advertising space in at least 50 percent of ▇▇▇▇▇*s catalogs distributed each fiscal year.
Minimum Advertising Commitment. For each License Year, two percent (2%) of Net Gaming Revenue or Minimum Net Gaming Revenue for such License Year, whichever is greater.
Minimum Advertising Commitment. Each calendar quarter, Licensee shall submit a report, identifying the advertising and promotion activities during the preceding calendar quarter. In addition to any other amounts or payments to be made by Licensee under this Agreement, and not to be credited to or offset against any Royalties payable hereunder, Licensee agrees to expend within each License Year for advertising and promoting the Branded Games in media directed to the consumer not less than the Minimum Advertising Commitment, as set forth in Exhibit A to this Agreement. If the Statement for the immediately preceding quarter of a License Year shows that such amount has not been spent as set forth herein, the difference between the amount actually spent and the amount required to be spent must be remitted to Licensor along with such Statement for use in Licensor’s advertising and promotion pool.