GARAGE SPACES Sample Clauses

GARAGE SPACES. DPC shall pay the sum of Seventy-Five Dollars ($75.00) per month, per space for up to Sixty-Five (65) Spaces which equals up to Four- Thousand Eight Hundred Seventy-Five Dollars ($4,875.00) per month for the full- time employees of DPC, (“FT Employees”). DPC shall pay the sum of Fifty Dollars ($50.00) per month, per space for up to Forty-Five (45) Spaces which equals up to Two Thousand Two Hundred Fifty Dollars ($2,250.00) per month for the part-time employees of DPC, (“PT Employees”). DPC shall pay Five Dollars ($5.00) per space for each day a SPACE is actually used by performers and other temporary staff, (“Performance Staff”). Performance Staff may utilize up to One Hundred Fifty (150) Spaces per day. The monthly rate for Spaces for FT Employees and PT Employees shall increase annually by Five Percent (5%), with the first 5% increase occurring on October 1st , 2015 and on October 1st each year thereafter during this Agreement and any renewals of this Agreement. The $5.00 daily rate for Performance Staff will be reviewed annually by CITY and is subject to increase at any time after one year from the Effective Date of this Agreement, if deemed appropriate, as solely determined by CITY. Said rate increase for Performance Staff parking shall not be increased more than 5% in any twelve (12) month period. The payment for the FT Employees and the PT Employees shall be made in the total amount of up to Seven-Thousand One Hundred Twenty-Five Dollars ($7,125.00), (“Rent”), in advance of each month's use of up to One Hundred Ten (110) Spaces by the FT Employees and the PT Employees. City and DPC agree that DPC may reserve less than One Hundred Ten (110) Spaces per month; however DPC acknowledges that the rate offered for Garage Spaces under this Paragraph is a discounted rate and the rate may be increased if DPC fails to reserve a sufficient number of Spaces. The first Rent payment shall be due on or before November 1, 2014. Thereafter Rent shall be due and payable, 1) on the first (1st) business day of each ensuing month, 2) for the full term of this Agreement and 3) without demand by CITY. DPC shall purchase in advance the Spaces for Performance Staff, (“Performance Staff Rent”). CITY has established a procedure for establishing a record of use by Performance Staff. DPC hereby consents to the CITY’s procedure and shall comply with all CITY directives in relation thereto. DPC shall pay the Performance Staff Rent prior to use. Any Spaces purchased for Performance ...