– Authorizations;; Benchmarks Sample Clauses

– Authorizations;; Benchmarks. The City hereby authorizes DFR to conduct the Race and other Race Events at the times and in accordance with the terms and conditions of this Agreement (the “ Authorization”). The Authorization is effective upon the approval of this Agreement by the Board of Estimates, but is subject to revocation, effective upon a termination of this Agreement. In conjunction with the grant of the Authorization, the City and DFR have established certain schedules, benchmarks and milestones, that are set forth below which the Parties acknowledge and agree are material and govern DFR’s further development and its conduct of the Race Events. DFR shall pay the City a Racing Event Fee at the times and in the amounts as specified in Exhibit C.