PRIOR MILKEN APPROVAL OF TEAM UNDERWRITERS Sample Clauses

PRIOR MILKEN APPROVAL OF TEAM UNDERWRITERS. No later than thirty (30) calendar days prior to the execution of any Team Underwriter Agreement by Team, Team shall provide to Milken an overview of the pending Sponsorships or other relationships that will notice, on the Team Underwriter Agreement Notification Form (provided through the Prize Portal) of pending Sponsorships or other relationships that will require: (i) logo space on Team’s Entry or other Team hardware or software related to the Competition; (ii) media, marketing, or promotional rights related to the Competition; or (iii) Team name changes. Team shall submit to Milken the Team Underwriter Agreement Notification Form (available via the Prize Portal) which will include a detailed written summary of the business points of any agreement with a Team Underwriter. Milken shall review such agreement terms within ten (10) business days and may reject the proposed Team Underwriter Agreement, if such agreement, in Milken’s sole opinion: (a) would cause Team to breach any term of the Agreement; (b) would require unsuitable advertising including, but not limited to, any advertising that depicts, describes, implies, or promotes obscene or sexually explicit matters, libelous or illegal matters, violence, racial, sexual or other types of legally prohibited discrimination, a particular political view, or may infringe on or otherwise violate any rights of Milken or any third party; (c) conflicts with the exclusivity of or jeopardizes any sponsorship associated with the Competition; or (d) undermines the Competition and its underlying goals, or the mission of Milken. Team is encouraged to work with Milken well in advance of finalizing any Sponsorship agreement in order to streamline the approval process. If Team has signed agreements for such Sponsorships or other relationships prior to the execution of this Agreement, Team shall provide to Milken a detailed written summary of the business points of such agreements and shall amend or terminate such agreements upon request by Milken in accordance with this Exhibit.
Sample 1
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