Examples of Sponsorship Term in a sentence
Upon signing this Sponsorship Term Sheet, the Parties agree to utilize professional mediation to resolve contractual disputes that cannot be mutually resolved between both parties.
All sponsorship agreements entered into during the Sponsorship Term shall be between the third party sponsor and Launch and all payments in connection therewith shall be made payable to Launch.
Prior to the expiration of such Sponsorship Term (and any extension of such term), the parties shall negotiate in good faith to extend the Sponsorship Term.
During the Sponsorship Term, Launch shall not own, sponsor or sell sponsorships in a summer tour which combines punk rock music with extreme sports.
If verbal and verifiable expressions of interest for $1,000,000 of sponsorships are not obtained by December 15, 2001, for the 2002 Tour, or by December 15, 2002, for the 2003 Tour, or if sponsorship letters of intent (or binding term sheets) in the amount of $1,000,000 are not obtained by February 1, 2002 for the 2002 Tour, or by February 1, 2003 for the 2003 Tour, Launch's exclusive right to act as sponsorship sales agent shall terminate and the Sponsorship Term shall expire.
During the Sponsorship Term, Buyers shall have the option of either having Launch continue to own the URL "Warxxxxxxx.xxx" (the "URL") and operating the website located at www.xxxxxxxxxx.xxx (xhe "Website"), or requesting Launch to transfer the ownership of the URL and the Website to the Buyers (with Buyers paying all reasonable costs in connection with such transfer) and operating the Website themselves, in which case, Launch shall reasonably comply and assist with such transfer.
During the Sponsorship Term, the Buyers (other than Vans) shall not own, sponsor or sell sponsorships in a summer tour which combines punk rock music with extreme sports.
Sponsorship will renew automatically unless the Sponsor delivers written notice of non-renewal to Linux Foundation Europe: ! ! on or before the first day of the last month of its Initial Sponsorship Term, or ! ! by 1 December of any calendar sponsorship year.
Notwithstanding the foregoing, any sponsorships granted hereunder during the Sponsorship Term (or extensions thereto) shall permit exercise of Sponsorship Rights with respect to such sponsorship during the negotiated term of such sponsorship even if the sponsorship extends beyond the Sponsorship Term, subject to continued compliance with the terms hereof, including but not limited to, any payment obligations of Section 6.
Should a change occur, XXXX will work with Sponsor to allocate Custom Credit within the Sponsorship Term.