How is Major Sponsor defined in a legal contract?
- Major Sponsor means a sponsor of a public assembly facility or a team. Seen in 15 SEC filings
- Major Sponsor means a sponsor of a public assembly facility or a team or event held at the facility where the sponsor pays a minimum of a predetermined amount to the owner of the facility, the team, or for the event annually. Seen in 10 SEC filings
- Major Sponsor means a Sponsor whose Ownership Percentage reaches at least a certain percentage of that Sponsor’s Original Ownership Percentage. Consent, approval, or any action taken or to be taken by the Major Sponsors requires the approval of each Major Sponsor. Seen in 2 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of major sponsor' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Major Sponsor means a sponsor of a public assembly, team or event, contributing a significant predetermined annual amount.
Relevant Contract Types
Relevant Circumstances
- Sporting events
- Public assemblies such as concerts and festivals
- Charitable events
Relevant Sectors
Genie Definition 2
Major Sponsor means a sponsor owning a significant predetermined percentage of their Original Ownership Participation. This sponsorship necessitates collective approval for shared decisions.
Relevant Contract Types
Relevant Circumstances
- Corporate sponsorships
- Large-scale investments
- Internal decisions requiring approval
Relevant Sectors
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