Sponsorship Funds Sample Clauses

Sponsorship Funds. In order to sponsor RECIPIENT, BAYER will contribute to RECIPIENT the sum of US$164,246 as further described in Appendix 2 (RECIPIENT’s Funding Schedule), attached hereto and made a part hereof. Subject to Section 1.3, RECIPIENT will have sole control over the use of funding provided by XXXXX xxxxxxxxx.

Sponsorship Funds. Subject to and in accordance with the terms hereof, Motivate shall have the semi-exclusive right to procure Sponsors for the System (whether directly or through its designated sponsorship agency) as more particularly described herein. The City shall be the only other entity with a right to secure Sponsors for the System but only with respect to (a) a Title Sponsor prior to the Effective Date; and (b) beginning one (1) year after the Effective Date, Secondary Sponsors solely in connection with expansion of the System to areas outside of the original System size specified in Exhibit B hereto. The City will work in good faith with Motivate to assist Motivate in obtaining Sponsorships throughout the Term and all revenues derived therefrom (except for Sponsorship Funds with respect to the Sponsors specified in clause (b) of the preceding sentence) shall be considered "Public Funds" hereunder. The Parties will collaborate regarding efforts to secure Sponsors including identifying all target sponsors, developing pitch materials and strategies and participating in meetings and conference calls with prospective Sponsors.

Sponsorship Funds. Subject to and in accordance with the terms hereof, Motivate shall have the semi-exclusive right to procure Sponsors for the System (whether directly or through its designated sponsorship agency) as more particularly described herein. The City shall be the only other entity with a right to secure Sponsors for the System but only with respect to , Secondary Sponsors beginning one (1) year after the Effective Date solely in connection with expansion of the System to areas outside of the original System size specified in Exhibit B hereto. The City will work in good faith with Motivate to assist Motivate in obtaining Sponsorships throughout the Term and all revenues derived therefrom (except for Sponsorship Funds with respect to Other Sponsorships) shall be considered "Public Funds" hereunder. The Parties will collaborate regarding efforts to secure Sponsors including identifying all target sponsors, developing pitch materials and strategies and participating in meetings and conference calls with prospective Sponsors.

Sponsorship Funds. The Company is accepting payments from sponsors in increments of $500. For every $500 paid by a sponsor, such sponsor is credited with one (1) profit share (each a “Profit Share”). A sponsor’s Profit Shares as a percentage of all Profit Shares credited by the Company to all sponsors is referred to as such sponsor’s “Percentage of Profit Shares”. A sponsor’s Percentage of Profit Shares will decrease as additional Profit Shares are credited to sponsors. The Company has the right to credit sponsors with as many Profit Shares as it determines is necessary to cover Xx. Xxxxx’x tournament-related expenses (i.e. which include, without limitation, travel, lodging, meals, golf equipment, and tournament fees). You have agreed to provide the Company with the amount of sponsorship funds indicated by You through the Company website. For every $500 of sponsorship funds provided by You, You shall be credited with one (1) Profit Share. The Company may inform You of your then current Percentage of Profit Shares from time to time. In addition to Your being credited with Profit Share(s), if You provide funds in an amount sufficient to qualify You to receive sponsorship benefits specified in the Company website, the Company agrees to provide You with such benefits.

Sponsorship Funds. (i) For Sponsorships entered between the City and a Sponsor relating to the System, the City shall pay to Operator the amount of all Sponsorship funds due to the City under a relevant Sponsorship agreement for such year of the Term (including any Sponsorship funds obtained within two (2) months prior to the Effective Date) within thirty (30) days of the due date for payment of such Sponsorship funds under the relevant Sponsorship agreement, except that the City may retain (a) twenty-two and a half percent (22.5%) of the first Two Million Dollars ($2,000,000) in Sponsorship funds received by the City and Operator for such year of the Term and (b) thirty percent (30%) of any amounts above Two Million Dollars ($2,000,000) in Sponsorship funds received by the City and Operator for such year of the Term. The City expressly agrees that it shall not in any event withhold payment of such Sponsorship funds to Operator, whether due to a dispute with Operator or otherwise. In the event of any dispute, the City shall first make the aforementioned payments to Operator and may then pursue any claims via the dispute resolution procedures herein. The City hereby explicitly waives any set-off rights with respect to amounts owed to the City by Operator. In addition, Operator's expansion obligations under Section 10 shall (A) be delayed by three (3) months for every thirty