Payment of Live Transmission Income. On or before ten (10) business days after each Event Date listed in Exhibit 1, NEM shall cause the NASCAR Rights Affiliate(s) engaged in the exploitation of Live Transmission Rights to pay, twenty-five percent (25%) of Event Transmission Income specific to that Event to Awards and Achievement Bureau, Inc., acting as Paying Agent, for distribution to the Competitors as part of the purse for that Event. On or before thirty (30) calendar days after that Event, NEM shall cause the NASCAR Rights Affiliate(s) to pay sixty-five percent (65%) of Event Transmission Income specific to that Event to PROMOTER. Notwithstanding the foregoing:
Appears in 3 contracts
Samples: Sanction Agreement, Sanction Agreement (Dover Motorsports Inc), Sanction Agreement (Dover Motorsports Inc)
Payment of Live Transmission Income. On or before ten (10) business days after each the Event Date listed in Exhibit 1is completed, NEM shall cause the NASCAR Rights Affiliate(s) engaged in the exploitation of Live Transmission Rights to pay, twenty-five percent (25%) of Event Transmission Income specific to that Event to Awards and Achievement Bureau, Inc.NEM or its designated affiliate, acting as Paying Agent, for distribution to the Competitors as part of the purse for that Event. On or before thirty (30) calendar days after that Event, NEM shall cause the NASCAR Rights Affiliate(s) to pay sixty-five percent (65%) of Event Transmission Income specific to that Event to PROMOTER. Notwithstanding the foregoing:
Appears in 1 contract
