Common use of Sponsorship Fee Clause in Contracts

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

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

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Sponsorship Fee. The Sponsor shall pay to Racing a sponsorship fee in the amount of $1,000,000.00 1,750,000.00 for the term of this Agreement, payable in an and initial installment payable on or before February January 1, 2011 2009 in the amount of $325,000.00 146,200.00 and nine eleven installments of $75,000.00 145,800.00 on or before the first day of each month commencing March February 1, 2011 2009 and ending with the installment due on November December 1, 2011 2009 (unless this Agreement is sooner terminated pursuant to Section 14 hereof, in which case Sponsor shall have no the obligation to make any future payments after the date of terminationshall 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 $1,000,000.00 1,500,000.00 for the term of this Agreement, payable in an initial installment payable on or before February 1, 2011 in the amount of $325,000.00 and nine 12 equal monthly installments of $75,000.00 125,000 on or before the first day of each month commencing March January 1, 2011 2007 and ending with continuing until the final installment due is paid on November or before December 1, 2011 2007 (unless this Agreement is sooner terminated pursuant to Section 14 12 hereof, in which case Sponsor shall have no the obligation to make any future payments after the date of terminationshall terminate).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

Sponsorship Fee. The Sponsor shall pay to Racing a sponsorship fee in the amount of $1,000,000.00 750,000.00 for the term of this Agreement, payable in an initial installment payable on or before February 1, 2011 2010 in the amount of $325,000.00 350,000.00 and nine ten installments of $75,000.00 40,000.00 on or before the first day of each month commencing March 1, 2011 2010 and ending with the installment due on November December 1, 2011 2010 (unless this Agreement is sooner terminated pursuant to Section 14 hereof, in which case Sponsor shall have no obligation to make any payments after the date of termination).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

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Sponsorship Fee. The Sponsor shall pay to Racing a sponsorship fee in the amount of $1,000,000.00 1,750,000.00 for the term of this Agreement, payable in an one initial installment payable on or before February 1, 2011 in the amount of $325,000.00 and nine 437,500.00 (for the months of January through March, 2008), eight subsequent equal monthly installments of $75,000.00 145,833.33 on or before the first day of each month commencing March April 1, 2011 2008 and ending with the a final installment due of $145,833.36 on November or before December 1, 2011 2008 (unless this Agreement is sooner terminated pursuant to Section 14 12 hereof, in which case Sponsor shall have no the obligation to make any future payments after the date of terminationshall terminate).

Appears in 1 contract

Samples: Sponsorship Agreement (Gainsco Inc)

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