Promotion Fund Clause Samples

Promotion Fund. Landlord shall establish an advertising and promotion fund (the "Fund"). The object of the Fund shall be to advertise the Retail Development in the local metropolitan statistical area and to provide a program of events, all of which shall, in Landlord's judgment, serve to enhance and promote the Retail Development and its occupants. Such program of events may include the promotion of coach traffic to the Retail Development and the development of a mall video network within the Retail Development offering a program of information, entertainment and advertisements. The Fund shall be administered by Landlord and the costs and expenses of such administration shall be charged to the Fund. Landlord shall expend all amounts paid to the Fund by the tenants in the Retail Development for the purposes herein set forth.

Promotion Fund. 3.7.1 Tenant shall pay to Landlord as additional rent, a monthly contribution in the amount of $0. psf monthly as Tenant's contribution toward the creation and maintenance of a common Promotion Fund and for the promotion of the Project. The foregoing contribution shall be payable in advance on the first day of each month. The foregoing contributions shall be paid in equal, consecutive, monthly installments unless Landlord shall provide otherwise in a written notice to Tenant. 3.7.2 The Promotion Fund shall be used by Landlord for the promotion or benefit of the Project in such manner and as Landlord may from time to time decide. Without limiting the generality of the foregoing, Landlord may utilize the Promotion Fund for payment of a full-time or part-time director of promotions, the employment of other promotional staff, the purchase of advertising space and time, materials or equipment for decorating and promotional events and activities similar to those undertaken by similar Projects. Landlord may make available for the promotion of the Project part or all of the services of any promotional staff of Landlord, in which case the salary and out-of-pocket costs to Landlord with respect to such staff, or an appropriate portion of such salary and costs determined in proportion to the time spent in rendering services to the Project to the exclusion of any other duties, shall be deducted from any financial contributions to the Promotion Fund that Landlord, may from time to time, commit to provide to the Promotion Fund, but Landlord shall have no obligation to make any such commitment. Any surplus in the Promotion Fund at the end of the fiscal year of the Promotion Fund shall be carried forward for like purposes in the next year, without any reduction in the amount payable by Tenant pursuant to Section 3.6. 1. Any shortfall of the Promotion Fund in funding the promotion of the Project shall be passed down to tenants as an Operating Expense. 3.7.3 Tenant shall participate in and support all promotional events, functions and activities sponsored or participated in by the Promotion Fund, at no additional cost or expense to Tenant. 3.7.4 In addition to Tenant's contributions to promotion required elsewhere in this Section 3.5, Tenant shall, during each lease year, expend not less than an amount equal to two percent (2%) of its gross sales for such lease year on a program of media advertising related to the Premises or the Project. Tenant shall promote the Project by...

Promotion Fund. Landlord's Title & Covenant of Quiet Enjoyment ............................................... 21 24.

Promotion Fund. Each Contractor shall deduct from the wages of each member in his employ a sum equal to one and one half percent (1.5%) of base rate per hour for each hour's pay earned, as part of the gross package. Payments shall be made under the conditions outlined in Article in this Agreement.

Promotion Fund. There shall be a United Association Promotion Fund known as the Ontario Pipe Trades Promotion Fund. The Contractor agrees to deduct from each employee the sum of 23 cents for each hour earned and shall remit same to the Local Union Administrator, who shall forward the amount to the Secretary-Treasurer of the Ontario Pipe Trades Council. Payment for the fund as outlined in this Agreement shall be made in accor- dance with the Payment of Funds procedures as outline in each local appendix. It is understood and agreed that this fund is included in, and to be taken from, the total “gross” package offered by the MTBC.

Promotion Fund. (a) Effective January 1, 2016 the Employer shall contribute five cents (5¢) per hour to the Labourers’ International Union of North America, Local 183 Members Benefit Trust Fund.

Promotion Fund. Landlord may, but shall not be obligated to establish a promotion fund to be administered by. Landlord for the promotion or *benefit of the Shopping Center (the "Promotion Fund"). The initial annual charge to Tenant for such Promotion Fund shall be seven thousand five hundred ($7,500.00). The Promotion Fund Charge shall be subject to increases as set forth below. Landlord shall give Tenant written notice of the establishment of the Promotion Fund and Tenant's Initial Promotion Fund Charge which shall be paid by Tenant M within ten (10) days of billing. After establishment of the Promotion Fund Tenant shall pay thereafter to Landlord the Promotion Fund Charge determined in accordance with this paragraph on a quarterly basis in advance during each lease year, within ten (10) days of billing. The Promotion Fund Charge shall be subject to annual adjustment increases, but not decreases, on each anniversary of the date of establishment of a the Promotion Fund in proportion to changes in the Index. Such adjustment, which shall not exceed 2.5% per year, shall be made by multiplying the Promotion Fund Charge by a fraction, the numerator of which is the value of the Index for the o calendar month one (1) month preceding the calendar month for which such adjustment is to be made, and the denominator of which is the value of the Index for the calendar month one (1) year prior to the Index month used for the numerator. Each twelve (12) months ("year") Landlord agrees to contribute a maximum of twenty-five percent (25%) of the total amount of Promotion Fund Charges assessed and paid to the Promotion Fund by all tenants of the Shopping Center for such year, provided, that Landlord, at its option, may elect to contribute all or part of the services of a Promotion Fund Director, and/or secretary and/or assistants and their respective offices as part or all of such cash contribution. The Promotion Fund Director and all other Promotion Fund personnel shall may-be under the exclusive control and supervision of Landlord and Landlord shall have the sole and exclusive authority to employ and discharge the Promotion Fund Director and other Promotion Fund personnel. The salaries of the Promotion Fund Director and other Promotion Fund personnel shall be paid from the Promotion Fund. The Promotion Fund Charge shall be used and expended by Landlord within a reasonable time of its collection for the promotion and advertising of the Shopping Center. Landlord may discontinue such Promot...

Promotion Fund. ‌ The parties acknowledge that it is the Students’ Union that is responsible for the management and operation of the Promotion Fund pursuant to the provisions of Article 30. The Manager however shall be responsible for the collection of Promotion Fund monies from Third Party Tenants, but upon collection of such monies, the Manager shall forthwith forward such Promotion Fund monies to the Students’ Union. If requested by the Students’ Union, the Manager shall account to Third Party Tenants with respect to the use of the Promotion Fund monies based on information provided by the Students’ Union. The Annual Leasing Plan will require a Promotion Fund contribution from all Third Party Tenants, with the exception only of those whose existing Third Party Leases do not require same. It is acknowledged that no Campus-Wide Lease currently requires a contribution to the Promotion Fund. Where any Third Party Lease other than a Campus-Wide Lease does not currently require a contribution to the Promotion Fund and such lease is being replaced with a new lease or is being extended (rather than renewed), then the new or extended lease shall include an obligation to make a contribution to the Promotion Fund. Such new leases shall specifically acknowledge that promotional activities and the use of the Promotion Fund is the responsibility of the Students’ Union. As of the Commencement Date, the University hereby confirms that it has no objection to the Students’ Union approaching either or both of ▇▇▇ ▇▇▇▇▇▇’▇ or Starbucks to voluntarily participate in the Promotion Fund program. In the event of a complaint in respect of the Promotion Fund or should a Third Party Tenant wish to dispute the use of all or any portion of the Promotion Fund and approaches the University in this regard, the University shall be entitled to direct such Third Party Tenant to the Manager who shall be responsible for liaising with the Students’ Union to attempt to resolve the complaint. If the Third Party Tenant ultimately determines to escalate the issue, the matter shall be put on the agenda of the next JLC meeting.

Promotion Fund. Landlord may establish and Advertising, Marketing and Promotional Program (hereinafter referred to as the “Program”) to furnish and maintain advertising and sales promotional which will, in Landlord’s opinion benefit the Shopping Center. Landlord may establish a fund (the “Promotion Fund”) to carryout the program. The Promotion Fund shall be sued by Landlord to pay all costs and expenses association with the formulation and carrying out of an ongoing Program for the promotion of the Shopping Center.