Common use of CONCESSION PAYMENT AND INCREASE Clause in Contracts

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Hundred ($800.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 2 contracts

Samples: www.njparksandforests.org, www.nj.gov

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CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Hundred ($800.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 2 contracts

Samples: Agreement, Concession Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Two Thousand One Hundred ($800.002,100.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand Nine Hundred ($800.001,900.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: www.state.nj.us

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand Six Hundred ($800.001,600.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Mobile Food

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Four Thousand Two Hundred ($800.004,200.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand Four Hundred ($800.001,400.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand One Hundred ($800.001,100.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand Four Hundred ($800.001,400.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: www.njparksandforests.org

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand Nine Hundred ($800.001,900.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

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CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Two Thousand One Hundred ($800.002,100.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: www.state.nj.us

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege grantedgranted herein. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A6(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Two Thousand Two Hundred ($800.002,200.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: Agreement

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Four Thousand Two Hundred ($800.004,200.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: nj.gov

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight One Thousand One Hundred ($800.001,100.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: www.nj.gov

CONCESSION PAYMENT AND INCREASE. A. In recognition of recent events surrounding Coronavirus (COVID-19), to provide Concessionaire with greater financial flexibility, Concessionaire shall pay Department a Concession Payment of One Hundred and Fifty ($150.00) Dollars for the Period of Operation during the first (1st) calendar year of the Initial Term set forth in Subparagraph 7(A), in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. The Concession Payment for the Period of Operation during the second (2nd) calendar year of the Initial Term set forth in Subparagraph 7(A), shall be the amount submitted by bidder equal to or greater than the minimum bid amount of Eight Two Thousand Two Hundred ($800.002,200.00) Dollars and shall be paid in accordance with the Concession Payment Schedule set forth in Exhibit B. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

Appears in 1 contract

Samples: www.nj.gov

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