Common use of Sales Promotion Programs and Payment of Administrative Expenses Clause in Contracts

Sales Promotion Programs and Payment of Administrative Expenses. Licensee shall cooperate in sales promotion programs of approved food service products. To this end Licensor reserves the right to establish and organize sales promotion programs from time to time and Licensee agrees to pay to Licensor a sales promotion program fee as set forth in Paragraph 6.3 hereof. Licensee acknowledges and agrees that Licensor has had in the past, and shall have in the future, the discretion to determine expenditures of funds collected in respect to sales promotion programs and as to the timing and selection of the promotional materials and programs for which said expenditures are made, provided, however, that Licensor shall make a good faith effort to expend such funds in the general best interests of participating licensees. Licensor shall expend sales promotion funds as provided herein. Licensee acknowledges and agrees that Licensor may compensate itself and/or its affiliated companies for the expense of administering and promoting such food service sales promotion programs. Licensor shall advise Licensee annually of the receipts and expenditures of sales promotion programs and of Licensor's expense of administering and promoting said programs.

Appears in 3 contracts

Samples: Store Operating License Agreement (Bowlin Travel Centers Inc), Store Operating License Agreement (Bowlin Travel Centers Inc), Operating License Agreement (Bowlin Outdoor Advertising & Travel Centers Inc)

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Sales Promotion Programs and Payment of Administrative Expenses. Licensee shall cooperate in sales promotion programs of approved food service products. To this end Licensor reserves the right to establish and organize sales promotion programs from time to time and Licensee agrees to pay to Licensor a sales promotion program fee as set forth in Paragraph 6.3 hereof. Licensee acknowledges and agrees that Licensor has had in the past, and shall have in the future, the discretion to determine expenditures of funds collected in respect to sales promotion programs and as to the timing and selection of the promotional materials and programs for which said expenditures are made, provided, however, that Licensor shall make a good faith effort to expend such funds in the general best interests of participating licensees. Licensor shall expend sales promotion funds as provided herein. Licensee acknowledges and agrees that Licensor may compensate itself and/or its affiliated companies for the expense of administering and promoting such food service sales promotion programs. Licensor shall advise Licensee annually of the receipts and expenditures of sales promotion programs and of Licensor's expense of administering and promoting said programs.. 6.2

Appears in 1 contract

Samples: License Agreement

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Sales Promotion Programs and Payment of Administrative Expenses. Licensee shall cooperate in sales promotion programs of approved food service products. To this end Licensor reserves the right to establish and organize sales promotion programs from time to time and Licensee agrees to pay to Licensor a sales promotion program fee as set forth in Paragraph 6.3 hereof. Licensee acknowledges and agrees that Licensor has had in the past, and shall have in the future, the discretion to determine expenditures of funds collected in respect to sales promotion programs and as to the timing and selection of the promotional materials and programs for which -7- said expenditures are made, provided, however, that Licensor shall make a good faith effort to expend such funds in the general best interests of participating licensees. Licensor shall expend sales promotion funds as provided herein. Licensee acknowledges and agrees that Licensor may compensate itself and/or its affiliated companies for the expense of administering and promoting such food service sales promotion programs. Licensor shall advise Licensee annually of the receipts and expenditures of sales promotion programs and of Licensor's expense of administering and promoting said programs.

Appears in 1 contract

Samples: License Agreement (Bowlin Outdoor Advertising & Travel Centers Inc)

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