Retail Merchandising Units (RMUs Sample Clauses

Retail Merchandising Units (RMUs. The Contractor is required to replace the existing RMUs at National within the first twelve months of the Operating Period. A minimum of ten RMUs must be included in the concession program at National. The cost of designing, constructing, installing, and maintaining the RMUs shall be the sole responsibility of the Contractor and must be fully depreciated on a straightline basis over the initial term of the Operating Period so that they have no book value at the end of the initial Operating Period. Upon the expiration or earlier termination of this Contract, title to the RMUs shall revert to the Authority. In the event of an early termination of this Contract through no fault of the Contractor, the Authority shall reimburse the Contractor for the unamortized capital investment for the RMUs in use at the Airport as of the effective date of Contract termination based on the straightline depreciation calculation. Title to the RMUs shall pass to the Authority on the date payment is made by the Authority. If the Contract is terminated due to the Contractor’s default, then the Contractor shall not be entitled to reimbursement of any of its unamortized capital investment, and title to the RMUs shall pass to the Authority immediately upon termination. Subject to the prior written approval of the Authority, the Contractor may provide and lease additional RMUs to provide temporary food service and retail locations at the Airport. The Authority will review their size, design, style, and proposed locations prior to granting approval. The Authority, at its sole discretion, and upon thirty (30) days notice to the Contractor, may require the relocation or removal from service of any RMUs. Such removal by the Contractor shall be at the Contractor's sole expense. The Authority shall have no obligation to provide alternative space for any cart(s) or RMUs removed from service.
Sample 1
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Related to Retail Merchandising Units (RMUs

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  • Sales and Marketing Subdistributor shall market, promote, and solicit orders for the Products to prospective and existing Customers (excluding the Excluded Customers) consistent with good business practice and the highest professional standards in the industry, in each case using its best efforts to maximize Product sales volume in the Territory in accordance with Distributor’s Product marketing strategies, channel and pricing guidelines, and sales policies, and in a manner that reflects favorably at all times on the Products and the good name, goodwill, and reputation of Distributor;

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  • Shopping Goods and works estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded on the basis of Shopping.

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