Common use of Ready/Return Space Clause in Contracts

Ready/Return Space. Incumbent brands will be grandfathered as to the location of their ready/return areas, except that multi-branded bidders who are not currently co-located may elect to co-locate their brands into one of their current locations. If, as a result of the bid, there is a new entrant brand, that new entrant will be given a ready/return area on the third floor of the garage with a minimum of fifty four (54) spaces. The number of ready/return spaces will be allocated according to the percentage of each brands bid divided into the aggregate total of all the MAGs. Where multi-branded bidders elect to co-locate their brands: i. The area vacated by a brand will have all proprietary equipment, fixtures and fittings removed and will leave the space in a condition consistent with the terms and conditions in the Lease ii. The cost to vacate the ready and return area will be the responsibility of the multi- branded bidders. iii. Any costs to remodel the co-located ready and return area are the responsibility of the multi-branded bidders. Where an incumbent’s ready and return area is to be subdivided to create space for a potential ninth operator, the costs to reconfigure the ready and return area to demise the space is the responsibility of the ninth operator. The Director will give a 30 day notice to the incumbent affected by the creation of the new entrant’s ready and return area to allow for the removal of their proprietary equipment, finishes and fixtures. All costs for the removal of the proprietary equipment are the sole responsibility of the affected incumbent. If a ninth operator is awarded a Lease they will be responsible for the costs to remodel their assigned ready and return area, which will include the costs to (1) demise the space; (2) to secure the space, (3) to provide proprietary improvements and (4) to participate in the shared security system for the garage floor is the responsibility of the new entrant. Prior to the start of any remodel work the ninth operator must submit plans to the Airport for review and approval. Following the Airport’s approval of the remodel plan submission, the ninth operator will have one hunderd and twenty (120) days to complete the work and start its operations unless otherwise agreed in writing by the Airport Director. Following the completion of the remodel work the ninth operator will provide as-built drawings to the Airport for its use.