Promotional Commitment definition

Promotional Commitment means the amount to be spent by LICENSEE on advertising and promotion (e.g., co-op advertising, trade show exhibits, product brochures, signage, and magazine, newspaper, television, internet, radio advertising) of the Licensed Products in each Contract Year.
View Source
Promotional Commitment. Licensee commits to spend a minimum of *REDACTED* dollars ($*REDACTED*) on television advertising to promote the Licensed Products during the Term. Licensor shall have the right to audit Licensee's books and records under the terms and conditions of Paragraph 6 herein in order to verify compliance with Licensee's obligations hereunder." In all other respects, other than as noted above, the subject License Agreement and all of its terms and conditions shall continue to govern our relationship. Please show your concurrence with the above by signing all three (3) copies of this document and returning them to this office. Upon final execution, one copy will be sent to you for your files. This letter shall have no legal effect unless and until signed by all parties noted below.
View Source

Examples of Promotional Commitment in a sentence

  • Monies spent by Licensee for Trade Fairs (as defined below) shall not be taken into account to determine the Promotional Commitment.

  • The Promotional Commitment shall include, as a minimum, television advertising for Articles 2 in the following countries: *REDACTED*, with a total minimum value of *REDACTED* percent (*REDACTED*%) of the total Promotional Commitment for each country.

  • Licensee agrees that throughout the Term it shall spend a minimum of *REDACTED* percent (*REDACTED*%) of its total Net Sales in each of the countries in the Territory on promotional and advertising activities in each such country (the "Promotional Commitment").

  • Licensee shall submit reports on a quarterly basis as set forth in Paragraph 5.(a) with respect to the Promotional Commitment and Licensor shall have the right to inspect and/or audit Licensee's books and records with respect to the Promotional Commitment under the terms and conditions of Paragraph 6 hereof.

  • Licensee shall submit reports on a quarterly basis as set forth in Paragraph 5.(a) with respect to the Promotional Commitment and Licensor shall Have the right to inspect and/or audit Licensee's books and records with respect to the Promotional Commitment under the terms and conditions of Paragraph 6 hereof.

  • Licensee shall also include with each quarterly statement a statement which shows the amounts spent during such quarter with respect to the Promotional Commitment as defined in Paragraph 1.

  • Licensee shall also include with each quarterly statement a statement which shows the amounts spent during such quarter with respect to the Promotional Commitment as defined in Paragraph 1.(m)(i).

  • Concurrently with the submission of the final quarterly royalty report required during the Reporting Period for each Contract Year, LICENSEE shall submit a report, certified as accurate by its Chief Financial Officer, of its Promotional Commitment (detailing the amount of advertising and promotion conducted by LICENSEE and the amount of co-op advertising) for the preceding Contract Year.

  • Licensor will place no unreasonable burden on Licensee in regards to Promotional Commitment.

  • With respect to the remainder of Topps' Annual Promotional Commitment for the years 2006 and 2007, up to [INFORMATION SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT] per year may be spent by MLBPA on cooperative category marketing programs in support of initiatives designed to attract new users to the category, including, by way of example only: expansion of the MLBPA's Boy Scout initiative; retail promotions and programs; and sampling programs.