Common use of New Clause Clause in Contracts

New Clause. RX Technology agrees to operate the Concession during the hours and days, including Sundays and holidays that the Park is open for business in accordance with schedules prepared by Six Flags which Six Flags may modify in Six Flags' sole discretion at any time on a twenty-four (24) hours notice to RX Technology and such additional hours as are required by Six Flags (the "Operating Hours"). RX Technology acknowledges that Six Flags will suffer great harm if RX Technology breaches the agreement set forth in this subsection, the amount of which would be difficult to determine. Therefore, RX Technology agrees to pay Six Flags liquidated dames of $500.00 for each Park operating day that RX Technology opens the Concession thirty (30) minutes after the agreed opening time of the Concession and/or closes the Concession thirty (30) minutes before the agreed upon closing time. Upon notice thereof by Six Flags and such liquidated damages shall be increased an additional $750.00 for each successive violation of Park Operating Hours thereof by Six Flags.

Appears in 3 contracts

Sources: Rx Technology Agreement (Rx Technology Holdings Inc), Rx Technology Agreement (Rx Technology Holdings Inc), Rx Technology Agreement (Rx Technology Holdings Inc)