Common use of Billboard Clause in Contracts

Billboard. Landlord represents that it has the right to grant to Tenant the right to use the billboard that is located on Biscayne Boulevard on the Premises for the Term. Tenant shall comply with and takes subject to any City of North Miami, State, and other regulatory procedures or requirements for use of the billboard. Tenant shall insure, repair (including replace, when and if necessary), maintain and pay Real Estate Taxes (including any personal property taxes thereon) on said billboard in accordance with the maintenance and insurance standards set forth in this Lease and any other applicable Approvals and Laws. Tenant may after Notice to Landlord abandon the right to use such billboard, in which case the rights provided to and obligations imposed on Tenant by the provisions of this Section shall be rendered null and void. Tenant may assign the right to use said billboard to its designee, which assignment may be for consideration (which shall belong to and be retained by Tenant, but shall be subject to Participation Rent). If Tenant elects to replace the existing billboard with an electronic message board, which it may do subject to compliance with applicable Laws, Tenant agrees that no fewer than 10 minutes per hour of the usage of such electronic message board will be available to Landlord at no charge for City of North Miami public messages and to assist in traffic control. Landlord's sole remedy for a breach of this Section shall be limited to Delay Fees and/or specific performance, and Tenant waives all defenses, except defense of performance, in any action brought by Landlord to enforce its rights under this Section.

Billboard. Landlord represents that it has the right to grant to Tenant the right to use the billboard that is located on Biscayne Boulevard on the Premises for the Term. Tenant shall comply with and takes subject to any City of North Miami, State, and other regulatory procedures or requirements for use of the billboard. Tenant shall insure, repair (including replace, when and if necessary), maintain and pay Real Estate Taxes (including any personal property taxes thereon) on said billboard in accordance with the maintenance and insurance standards set forth in this Lease and any other applicable Approvals and Laws. Tenant may after Notice to Landlord abandon the right to use such billboard, in which case the rights provided to and obligations imposed on Tenant by the provisions of this Section shall be rendered null and voidno longer apply. Tenant may assign the right to use said billboard to its designee, which assignment may be for consideration (which shall belong to and be retained by Tenant, but shall be subject to Participation Rent). If Tenant elects to replace the existing billboard with an electronic message board, which it may do subject to compliance with applicable Laws, Tenant agrees that no fewer than 10 minutes per hour of the usage of such electronic message board will be available to Landlord at no charge for City of North Miami public messages and to assist in traffic control. Landlord's sole remedy for a breach of this Section shall be limited to Delay Fees and/or specific performance, and Tenant waives all defenses, except defense of performance, in any action brought by Landlord to enforce its rights under this Section.

Billboard. Landlord represents that it has the right to grant to Tenant the right to use the owns a billboard that is located on Biscayne Boulevard on the Premises for Premises. Landlord hereby grants to Tenant, at no cost (provided however that the Term. foregoing shall not be construed to exclude Tenant revenue from the billboard from being subject to Participation Rent), the exclusive right to use of such billboard during the entire Term in compliance with applicable Laws, provided however, that Tenant shall comply with and takes subject to any City of North Miami, State, and other regulatory Miami procedures or requirements for to license the use of the billboard. Tenant shall insure, repair (including replace, when and if necessary), maintain and pay Real Estate Taxes (including any personal property taxes thereon) on said billboard in accordance with the maintenance and insurance standards set forth in this Lease and any other applicable Approvals and LawsLease. Tenant may after Notice to Landlord abandon the right to use such billboard, in which case the rights provided to and obligations imposed on Tenant by the provisions of this Section shall be rendered null and voidno longer apply. Tenant may assign the right to use said billboard to its designee, which assignment may be for consideration (which shall belong to and be retained by Tenant, but shall be subject to Participation Rent). If Tenant elects to replace the existing billboard with an electronic message board, which it may do subject to compliance with applicable Laws, Tenant agrees that no fewer than 10 minutes per hour of the usage of such electronic message board will be available to Landlord at no charge for City of North Miami public messages and to assist in traffic control. Landlord's sole remedy for a breach of this Section shall be limited to Delay Fees and/or specific performance, and Tenant waives all defenses, except defense of performance, in any action brought by Landlord to enforce its rights under this Section.