Provisions on Marketing Development Fund and Training Development Fund Allocations Sample Clauses

Provisions on Marketing Development Fund and Training Development Fund Allocations. (a) Deposit of the MDF / TDF allocation into the MDF / TDF Account will be visible within fourteen (14) calendar days from the moment of the full and valid existence of the Total SSC Scheme Incentive Entitlement. (b) If the Parties are uncertain or in doubt as to the proper Usage of MDF / TDF allocation in accordance with the provisions of this SP Program Agreement, Beneficiary shall give Spryker notice of the intended Usage of MDF / TDF allocation at least fourteen (14) calendar days prior to the envisaged commencement of the MDF / TDF Activity in text form (e-mail sufficient) to the responsible Spryker Partner Manager. Spryker shall then without undue delay assess and confirm whether the intended MDF / TDF Activity is covered by the before mentioned provisions. Any information and documents required must be submitted to Spryker by the Beneficiary prior to such assessment. (c) If the Beneficiary has incurred costs for an MDF / TDF Activity to be settled through an MDF / TDF Reimbursement, which, however, cannot be used due to insufficient balance of the MDF / TDF Account, Beneficiary cannot oblige Spryker to sufficiently balance the MDF / TDF Account in order to issue an MDF / TDF Reimbursement. A pro-rata payment of the MDF / TDF Reimbursement from the MDF / TDF Account by Spryker to Beneficiary, insofar as balance of the MDF / TDF Account is sufficient for such purpose, shall remain unaffected. (d) Beneficiary undertakes to retain relevant documents, receipts and other records relevant and related to the MDF / TDF Activity and for which an MDF / TDF Reimbursement was received for by Spryker, in accordance with the applicable statutory provisions for retention periods. Spryker reserves the right to conduct random reviews and audits of such documents, receipts and other records itself or through an independent auditor professionally bound to confidentiality, subject to prior notice to Beneficiary. The costs incurred for such a review or audit shall be borne by Spryker. In such event, Beneficiary agrees to provide appropriate access and disclosure to such documents, receipts and records. (e) Spryker reserves the right to allocate to Beneficiary a specific territorial area for the Usage of the MDF / TDF allocation in order to appropriately emphasize and strengthen Beneficiary's business focus for its activities under the SP Program, whereupon the Usage of the MDF / TDF allocation in other territorial area is excluded. (f) Spryker reserves the right to deman...
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Related to Provisions on Marketing Development Fund and Training Development Fund Allocations

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