New Inventory Items definition
New Inventory Items means all new inventory installed by University in an Athletic Facility after the Effective Date or a material upgrade in existing inventory which is capable and likely to add value or enhance SSP’s then existing inventory. New Inventory Items do not include New Signage. All sponsorship rights for New Inventory Items shall belong exclusively to SSP and sold by SSP with the revenue collected therefrom included in the calculation of AGR.
Examples of New Inventory Items in a sentence
SSP will retain all revenue generated from the New Inventory Items with the collected revenue included in the calculation of AGR.
Except as otherwise agreed to by the Parties and subject to the limitations specified herein, throughout the Term, all New Inventory Items shall be marketed and sold exclusively by SSP.