Common use of Relocation, Expansion, Contraction Clause in Contracts

Relocation, Expansion, Contraction. On the terms set forth in this Paragraph H.1, the Port may at any time, require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and the “Maximum Reimbursement Amount,” if any (as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand Dollars ($100,000) or less, or if more, by the Board in its sole discretion and set forth in a resolution duly adopted by the Board), for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work, and with respect to a Required Relocation, the location of the on- Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than three (3) months prior to the Target Effective Date.

Relocation, Expansion, Contraction. On the terms set forth in this Paragraph H.1, the Port may at any time, require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and the “Maximum Reimbursement Amount,” if any (as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand Dollars ($100,000) Dollars or less, or if more, by the Board in its sole discretion and set forth in a resolution duly adopted by the Board), for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work, and with respect to a Required Relocation, the location of the on- on-Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than three (3) months prior to the Target Effective Date.