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Common use of Sponsorship Fee Clause in Contracts

Sponsorship Fee. The Sponsor shall pay to Xxxxxxxxx Racing a sponsorship fee in the amount of $1,500,000.00 for the term of this Agreement, payable in 12 equal monthly installments of $125,000 on or before the first day of each month commencing January 1, 2007 and continuing until the final installment is paid on or before December 1, 2007 (unless this Agreement is sooner terminated pursuant to Section 12 hereof, in which case the obligation to make any future payments shall terminate).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

Sponsorship Fee. The Sponsor shall pay to Xxxxxxxxx Racing a sponsorship fee in the amount of $1,500,000.00 1,750,000.00 for the term of this Agreement, payable in 12 equal monthly and initial installment payable on or before January 1, 2009 in the amount of $146,200.00 and eleven installments of $125,000 145,800.00 on or before the first day of each month commencing January February 1, 2007 2009 and continuing until ending with the final installment is paid due on or before December 1, 2007 2009 (unless this Agreement is sooner terminated pursuant to Section 12 14 hereof, in which case the obligation to make any future payments shall terminate).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

Sponsorship Fee. The Sponsor shall pay to Xxxxxxxxx Racing a sponsorship fee in the amount of $1,500,000.00 750,000.00 for the term of this Agreement, payable in 12 equal monthly an initial installment payable on or before February 1, 2010 in the amount of $350,000.00 and ten installments of $125,000 40,000.00 on or before the first day of each month commencing January March 1, 2007 2010 and continuing until ending with the final installment is paid due on or before December 1, 2007 2010 (unless this Agreement is sooner terminated pursuant to Section 12 14 hereof, in which case the Sponsor shall have no obligation to make any future payments shall terminateafter the date of termination).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

Sponsorship Fee. The Sponsor shall pay to Xxxxxxxxx Racing a sponsorship fee in the amount of $1,500,000.00 1,000,000.00 for the term of this Agreement, payable in 12 equal monthly an initial installment payable on or before February 1, 2011 in the amount of $325,000.00 and nine installments of $125,000 75,000.00 on or before the first day of each month commencing January March 1, 2007 2011 and continuing until ending with the final installment is paid due on or before December November 1, 2007 2011 (unless this Agreement is sooner terminated pursuant to Section 12 14 hereof, in which case the Sponsor shall have no obligation to make any future payments shall terminateafter the date of termination).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

Sponsorship Fee. The Sponsor shall pay to Xxxxxxxxx Racing a sponsorship fee in the amount of $1,500,000.00 1,750,000.00 for the term of this Agreement, payable in 12 one initial installment of $437,500.00 (for the months of January through March, 2008), eight subsequent equal monthly installments of $125,000 145,833.33 on or before the first day of each month commencing January April 1, 2007 2008 and continuing until the a final installment is paid of $145,833.36 on or before December 1, 2007 2008 (unless this Agreement is sooner terminated pursuant to Section 12 hereof, in which case the obligation to make any future payments shall terminate).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)