Promotional Allowance. On an ongoing basis during each one-year period ending on the anniversary of the Program Commencement Date ("Contract Year"), TDRCS will make available to the Merchant an amount equal to 0.50% (50 basis points) of the prior Contract Year's net sales volume defined as gross sales less returns ("Promotional Allowance"), such Promotional Allowance to be used specifically by the Merchant toward the marketing of the Finance Program. However, in the first Contract Year TDRCS agrees to provide the Merchant with a Promotional Allowance based on the net sales volume of the last contract year under the Prior Agreement. The Merchant understands that it must receive pre-approval of all marketing initiatives and materials contemplated prior to submitting an invoice for reimbursement to TDRCS. There will be no carry over of any unused promotional funds at the end of each Contract Year. No more than ten percent (10.0%) of each Contract Year's Promotional Allowance may be used to offset the cost of print advertisements, including, but not limited to, newspaper advertisements, newspaper inserts, catalogs and the like. Merchant represents and warrants that it shall abide by the operating guidelines provided by TDRCS, as amended from time to time.
Promotional Allowance. 10.1TLC shall procure that all orders for the Product placed with its distributor are converted to sales and that its distributor shall on a weekly basis issue a copy of its sales report by account showing orders received and sales completed, in such format as may be agreed between TLC and W- A. During each Contract Year TLC shall pay to W-A a promotional allowance equal to thirty-one and one-half percent (31.5%) of Net Sales with respect to the first one million three hundred thousand British pounds (1,300,000) of in-the-market sales, and then forty-one and one-half percent (41.5%) of Net Sales for the remaining sales. Such promotional allowance shall be paid quarterly, no later than thirty-five (35) days after each Quarter Day irrespective of whether TLC has received payment from its distributor in respects of sales made in the Territory to its customers. 10.2TLC shall keep accurate records and books of account for the purpose of showing all amounts to be calculated under this Agreement, including Net Sales in local currency. Such records and books of account shall, as between W-A and TLC, be kept for one (1) year following the end of the calendar year to which they relate and shall, solely for the purposes of any governmental audit, be kept for three (3) years following the end of the calendar year to which they relate and certified extracts of such records and books of account shall be open to inspection by W-A or its representatives once each calendar quarter with notice of at least five business days during normal business hours for the purpose of verifying any matter relevant to this Agreement. 10.3In addition, during each Contract Year, TLC will calculate the average selling price per Pack (ten (10) vials sold together) in the Territory. In the first Contract Year, TLC will pay W-A an additional promotional allowance equivalent to ten percent (10%) of the number of Packs sold times sixty- five percent (65%) of the average selling price per Pack during the first six (6) months after the Effective Date (the "Initial Six Months Additional Allowance"). In each Contract Year, TLC will pay W-A an additional promotional allowance equivalent to five percent (5%) of the number of Packs sold times sixty-five percent (65%) of the average selling price per Pack on the first one million three hundred thousand British pounds (1,300,000) (except that in the first Contract Year this allowance will not be paid on the Packs for which the Initial Six Months Additiona...
Promotional Allowance. On an ongoing basis during each Contract Year, SCA will make available to the Merchant an amount equal to one half percent (0.50%) percent of the prior Contract Year’s net sales volume defined as gross sales less returns (“Promotional Allowance”), such Promotional Allowance to be used specifically by the Merchant toward the marketing of the Program. However, in the present Contract Year which ends on December 2, 2006, SCA agrees to provide the Merchant with a Promotional Allowance of fifteen thousand Dollars ($15,000). The Merchant understands that it must receive pre-approval of all marketing initiatives and materials contemplated prior to submitting an invoice for reimbursement to SCA. There will be no carry over of any unused promotional funds at the end of each Contract Year. No more than ten percent (10.0%) of each Contract Year’s Promotional Allowance may be used to offset the cost of print advertisements, including, but not limited to, newspaper advertisements, newspaper inserts, catalogs and the like. Merchant represents and warrants that is shall abide by the promotional guidelines provided by SCA, as amended from time to time.
Promotional Allowance. “Promotional Allowances” shall mean the retail value of complimentary food and beverage, merchandise, entertainment and tokens for gaming, provided to patrons as promotional items.
Promotional Allowance. Subject to applicable laws and regulations, so long as the System is in operation at the Casino Location and is functioning properly, for a period of forty-eight (48) months after Opening Day, Customer shall utilize and feature the Acres trademark XtraCredit(TM) (and associated bonusing trademarks where applicable) in all Customer slot club identification and slot club advertising in connection with the Casino Location.
Promotional Allowance. XXXXXX STATE COLLEGE is interested in offering promotional allowance for students who matriculate to the university through ELS Educational Services and our ELS counseling Agents. As such, ELS is committed to our partner institutions, directing academically talented students to diversity your campus community. Check this box if you would like additional information about promotional allowance opportunities.
