Miami Fusion Sample Clauses

Miami Fusion. Except as set forth herein, UMBRO will be responsible for cash payments and required products at cost to the Miami Fusion or MLS through the end of the agreement dated April 15, 1997, between UMBRO and MLS (the "Fusion Agreement") and will use its commercially reasonable efforts to renew the Fusion Agreement through the 2003 season. If the Fusion Agreement is not renewed or maintained during the Initial Term of this Agreement due to the cost of the Fusion Agreement exceeding $800,000 per year, then UMBRO may, at its option, sponsor another team within the MLS at a similar cost. If the Miami Fusion or such other MLS team is not sponsored by UMBRO or the cost of sponsoring the Miami Fusion or such other MLS team is less than $800,000 per year, then during each Annual Period UMBRO will fund other types of marketing support acceptable to Licensee through the Initial Term of this Agreement equal to the lesser of (i) 40% of the difference between $800,000 and the actual annual sponsorship cost of the Miami Fusion or such other MLS team or (ii) Licensee's past calendar year royalties less $80,000. During calendar year 1999, Licensee will advance funds and products at cost as needed to UMBRO, up to a maximum of $320,000, to satisfy UMBRO's obligations under the Fusion Agreement. These advanced funds will be repaid to Licensee in the form of a credit against royalties, due UMBRO commencing January 1, 2000 and ending when all advanced Fusion Agreement funds have been recovered. In addition, the royalty rate for calendar year 2000 as set forth in Appendix J shall be reduced by 0.6%. Notwithstanding the foregoing, if this Agreement expires or terminates prior to full recovery by Licensee, UMBRO shall pay Licensee such shortfall upon expiration or termination. UMBRO shall take reasonable efforts to attempt to obtain for Licensee the right to use the Club Badge of the Miami Fusion or any other MLS team sponsored by UMBRO on the Products and related advertising and promotional materials in the manner allowed under the Fusion Agreement or any other agreement with an MLS team sponsored by UMBRO. UMBRO shall notify Licensee in writing promptly upon receipt of notice of any alleged breach of any provision of the Fusion Agreement or any renewal thereof or of any MLS sponsorship agreement or any alleged termination or expiration thereof.
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