Elimination and Addition of Assets. With respect to any currently-available Team Sponsorship Assets that are not, at any given time, included in any then-active Sponsorship Agreements, Rangers, LLC may elect to eliminate such Team Sponsorship Assets with respect to any Contract Year (an “Asset Reduction”); provided that, to the extent that such elimination has or is expected to materially affect sales of Team Sponsorship Assets, the Annual Sales Target for such Contract Year will be adjusted pursuant to Section 4.4(a) below. Any addition of new Team Sponsorship Assets with respect to any Contract Year shall be similarly factored in when the parties set the Annual Sales Target, as well as in the contemplation of any mid-year adjustment pursuant to Section 4.4(b) below.
Appears in 3 contracts
Samples: Sponsorship Sales and Service Representation Agreement (MSGE Spinco, Inc.), Sales and Service Representation Agreement (Madison Square Garden Entertainment Corp.), Sales and Service Representation Agreement (Madison Square Garden Sports Corp.)
Elimination and Addition of Assets. With respect to any currently-available Team Sponsorship Assets that are not, at any given time, included in any then-active Sponsorship Agreements, RangersKnicks, LLC may elect to eliminate such Team Sponsorship Assets with respect to any Contract Year (an “Asset Reduction”); provided that, to the extent that such elimination has or is expected to materially affect sales of Team Sponsorship Assets, the Annual Sales Target for such Contract Year will be adjusted pursuant to Section 4.4(a) below. Any addition of new Team Sponsorship Assets with respect to any Contract Year shall be similarly factored in when the parties set the Annual Sales Target, as well as in the contemplation of any mid-year adjustment pursuant to Section 4.4(b) below.
Appears in 3 contracts
Samples: Sponsorship Sales and Service Representation Agreement (MSGE Spinco, Inc.), Sales and Service Representation Agreement (Madison Square Garden Sports Corp.), Sales and Service Representation Agreement (Madison Square Garden Entertainment Corp.)