Rail Station Third Party Advertising Sample Clauses

Rail Station Third Party Advertising. Authority, in its reasonable discretion, shall determine appropriate locations and sites for display advertising within the Premises. All display content, including without limitation, text, artwork and photographs shall be submitted to the Executive Director for review and approval not less than five (5) business days prior to installation, which shall not be unreasonably withheld. Rail Company shall pay to the Authority, for each Agreement Period of the term of this Agreement, a concession fee in the amount equal to fifty percent (50%) of gross receipts received from display advertising (“Display Advertising Concession Fee”). Notwithstanding the above, the Authority hereby agrees to waive a portion of the Display Advertising Concession Fee equal to ten percent (10%) of gross receipts from display advertising until the earlier of the (A) the Stabilization Date (as defined in the Rail Line Easement Agreement) or (B) the Authority operates bona fide passenger air services at the South Terminal Complex. From and after the Rent Commencement Date, Rail Company shall pay the Display Advertising Concession Fee on the first of each month to the Authority. For the avoidance of doubt, the Display Advertising Concession Fee applies only to third party advertising displays conducted by Rail Company in the Premises, and does not apply to advertising and other display and wayfinding signage identifying or promoting Rail Company and/or display advertising conducted through the “wrapping” of trains. A Display Advertising Agreement reflecting the terms contained herein shall be negotiated between the parties during the Escrow Period.
Sample 1
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