Naming Rights Agreement definition
Examples of Naming Rights Agreement in a sentence
The Naming Rights Agreement imposes requirements and obligations relative to the name of, references to, and logos associated with the transit center.
The Contractor will comply with the procedures, restrictions, and requirements developed by the TJPA related to implementation of its obligations under the Naming Rights Agreement, and the terms for the Contractor’s use of the name and logos associated with the transit center.IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day first mentioned above.
The Contractor will comply with the procedures, restrictions, and requirements developed by the TJPA related to implementation of its obligations under the Naming Rights Agreement, and the terms for the Contractor’s use of the name and logos associated with the transit center.
Following the initial term of the Naming Rights Agreement, the $350,000 figure will be adjusted for increases in the CPI from the commencement date of the Term and the same formula will be utilized (i.e., the City receives fifty percent (50%) of all Net Naming Rights Revenue up to the CPI-adjusted figure and one hundred percent (100%) above that amount).
Manager shall advise Owner that Manager has entered such Naming Rights Agreement, including the new name of the Stadium Facility.