Common use of PROMOTIONAL COMMITMENT Clause in Contracts

PROMOTIONAL COMMITMENT. Licensee agrees that throughout the Term it shall spend a minimum of *REDACTED* percent (*REDACTED*%) of its total Net Sales in each of the countries in the Territory on promotional and advertising activities in each such country (the "Promotional Commitment"). The Promotional Commitment shall include, as a minimum, television advertising for Articles 2 in the following countries: *REDACTED*, with a total minimum value of *REDACTED* percent (*REDACTED*%) of the total Promotional Commitment for each country. Monies spent by Licensee for Trade Fairs (as defined below) shall not be taken into account to determine the Promotional Commitment. Licensee shall submit reports on a quarterly basis as set forth in Paragraph 5.(a) with respect to the Promotional Commitment and Licensor shall have the right to inspect and/or audit Licensee's books and records with respect to the Promotional Commitment under the terms and conditions of Paragraph 6 hereof.

PROMOTIONAL COMMITMENT. Licensee agrees that throughout the Term it shall spend a minimum of *REDACTED* percent (*REDACTED*%) of its total Net Sales in each of the countries in the Territory on promotional and advertising activities in each such country (the "Promotional Commitment"). The Promotional Commitment shall include, as a minimum, television advertising for Articles 2 in the following countries: *REDACTED*, with a total minimum value of *REDACTED* percent (*REDACTED*%) of the total Promotional Commitment for each country. Monies spent by Licensee for Trade Fairs (as defined below) shall not be taken into account to determine the Promotional Commitment. Licensee shall submit reports on a quarterly basis as set forth in Paragraph 5.(a) with respect to the Promotional Commitment and Licensor shall have Have the right to inspect and/or audit Licensee's books and records with respect to the Promotional Commitment under the terms and conditions of Paragraph 6 hereof.