Fulfillment Costs definition

Fulfillment Costs means the direct incremental out-of-pocket costs incurred by either Representative or Knicks, LLC in fulfilling Sponsorship Agreement obligations or otherwise delivering Team Sponsorship Assets that Representative has sold hereunder (e.g., digital content creation, development of new inventory, costs of T-shirts, etc.); provided, however, that, for avoidance of doubt, “Fulfillment Costs” shall not include Commissions payable to Representative, Representative overhead (including employee compensation) or sales costs (e.g., sales materials, research, travel and entertainment, training, CRM, software, client hospitality, agency commission, etc.). Representative and Knicks, LLC shall regularly discuss and collaborate in good faith to determine the appropriate levels of Fulfillment Costs with respect to Team Sponsorship Assets, taking into account such considerations as sponsor satisfaction, Team brand maintenance, etc. Except as otherwise agreed by the parties, Knicks, LLC shall be responsible for paying all such Fulfillment Costs that either party incurs, and Representative may deduct from the payments it makes to Knicks, LLC pursuant to Section 6.2 hereof the amounts of such Fulfillment Costs that it has directly incurred in accordance with this Agreement, provided that, upon any such deduction, it shall provide to Knicks, LLC invoices or receipts reflecting such costs concurrently with its delivery of the relevant payment. Notwithstanding anything herein to the contrary, Representative shall not incur Fulfillment Costs payable by Knicks, LLC without the prior written approval of Knicks, LLC (including approval in any deal budget) or any Fulfillment Costs in excess of those previously approved by Knicks, LLC including as expressly set forth in any deal budget.
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Fulfillment Costs has the meaning in Section 2.5(b).
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Fulfillment Costs means any and all incremental expenses incurred by Operator now and in the future to meet specifically any and all requirements of Naming Rights Sponsorships.
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Examples of Fulfillment Costs in a sentence

  • Notwithstanding anything herein to the contrary, Representative shall not incur Fulfillment Costs payable by Rangers, LLC without the prior written approval of Rangers, LLC (including approval in any deal budget) in excess of those previously approved by Rangers, LLC including as set forth in any deal budget.

  • Representative and Knicks, LLC shall regularly discuss and collaborate in good faith to determine the appropriate levels of Fulfillment Costs with respect to Team Sponsorship Assets, taking into account such considerations as sponsor satisfaction, Team brand maintenance, etc.

  • Notwithstanding anything herein to the contrary, Representative shall not incur Fulfillment Costs payable by Knicks, LLC without the prior written approval of Knicks, LLC (including approval in any deal budget) or any Fulfillment Costs in excess of those previously approved by Knicks, LLC including as expressly set forth in any deal budget.

  • Representative and Rangers, LLC shall regularly discuss and collaborate in good faith to determine the appropriate levels of Fulfillment Costs with respect to Team Sponsorship Assets, taking into account such considerations as sponsor satisfaction, Rangers brand maintenance, etc.

  • By way of example, if $100,000 is allocated to an applicable Team Sponsorship Asset in a Sponsorship Agreement, and there are $60,000 of Fulfillment Costs associated with delivering such asset, then Representative’s commission with respect to such asset shall be $5,000.

  • The Borrower shall deliver along with the Advance Request a copy of the executed Binding Contract and an estimate of the Fulfillment Costs (the Fulfillment Cost Estimate”).

  • Notwithstanding anything set forth under this Credit Agreement, the Lender shall only be obligated to make such Advances that are necessary to satisfy the Fulfillment Costs relating to the Binding Contract and in no event shall such Advance, or in the aggregate each Advance, exceed the Maximum Amount.

  • The Budget Agreement will also establish a hierarchy of uses of the receipts of the Pilot Program, net of the Gift Fulfillment Costs and the Approved Program Costs (“Net Program Revenues”).


More Definitions of Fulfillment Costs

Fulfillment Costs means the expenditures required to meet the terms of the sponsorship agreement, including production, design, installation, operational, maintenance, removal, disposal value, and disposal costs;
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Related to Fulfillment Costs

  • Settlement Costs means all costs incurred by Plaintiff, the Class and their attorneys, including but not limited to Plaintiff’ attorneys’ fees, costs of suit, Plaintiff’ expert or consultant fees, any incentive payment paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the settlement.

  • Replacement Costs means the expenditures for obtaining and installing equipment, accessories or appurtenances which are necessary during the useful life of the treatment works to maintain the capacity and performance for which such works were designed and constructed.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Reasonable Expenses means the reasonable expenses of Employee or Personnel, as the case may be, for which those Employees or Personnel may be reimbursed under the Operator's usual expense account practice; including without limiting the generality of the foregoing, any relocation expenses necessarily incurred in order to properly staff the Mining Operations if the relocation is approved by the Management Committee.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].