Strikes Damage Destruction Etc Sample Clauses
The "Strikes, Damage, Destruction, Etc" clause defines how parties should handle situations where unforeseen events such as labor strikes, physical damage, or destruction impact the performance of contractual obligations. Typically, this clause outlines the procedures for notifying the other party, suspending or adjusting obligations, and possibly extending deadlines or excusing performance if such events occur. Its core function is to allocate risk and provide a clear process for managing disruptions caused by events beyond the parties' control, thereby reducing uncertainty and potential disputes.
Strikes Damage Destruction Etc. In the event of any damage to or destruction of the Suite or the Stadium which renders the Suite or the Stadium unusable, then, Owner shall attempt to relocate Licensee to another executive suite at the Stadium. However, if Owner is unable to relocate Licensee to another executive suite at the Stadium, then, the Suite Fee payable hereunder shall be abated during the period of time that the Suite is unusable. Any such abatement of the Suite Fee shall be computed annually by dividing the number of games and other events for which the Suite was unusable by Licensee by the total number of games and events in the Stadium for which Licensee was entitled use during the applicable year including the number of such scheduled games and events which were canceled as a result of any such damage or destruction. Any such abatement shall be offset against the next succeeding installment of the Suite Fee payable by Licensee. If in the event of any damage to or destruction of the Suite or the Stadium, Owner elects not to repair or restore same, this Agreement shall terminate as of the date of such damage or destruction, and the entire amount of the abatement shall be promptly paid to Licensee. In the event of force majeure or any strike or other labor disturbance which results in the cancellation of any Miami Dolphins' or Florida Marlins' scheduled game(s) at the Stadium, or the cancellation of any other scheduled events(s) at the Stadium, then, the Owner
Strikes Damage Destruction Etc. In the event of any damage to or destruction of the Licensed Product or the Stadium which renders the Licensed Product or the Stadium unusable, Owner shall attempt to relocate Licensee to another seating product at the Stadium or provide seats at such alternate venue as Owner may determine to use in order to hold the affected game(s) or event(s). However, if Owner is unable to so accommodate Licensee, the License Fee payable hereunder shall, unless a reasonably comparable seating product is made available to Licensee by Owner, be abated during the period of time that the Licensed Product is unusable and no alternative is provided. Any such abatement of the License Fee shall be determined by Owner based on the variably priced value of the affected game(s) or event(s). Any such abatement shall be offset against the next succeeding installment of the License Fee payable by Licensee, or, if all License Fee payments have bene made, shall be credited to Licensee’s account and may be used towards the purchase of tickets for future Dolphins Games. If, in the event of any damage to or destruction of the Licensed Product or the Stadium, Owner elects not to repair or restore same, this Agreement shall terminate as of the date of such damage or destruction, and the entire amount of the abatement shall be paid to Licensee. If, during the Term of this Agreement, any Miami Dolphins’ scheduled game(s) at the Stadium is cancelled and not rescheduled as a result of a force majeure event or as a result of any strike, lockout, or other labor disturbance involving the NFL member clubs and NFL players (a “Work Stoppage”), Owner shall, at its sole option, and as Licensee’s sole and exclusive remedy for such termination or cancellation, refund or credit, as determined by Owner, Licensee a portion of the License Fee to be determined by Owner based on the variably priced value of the cancelled game(s) (the “Credit”). In the event of an entire Miami Dolphins’ season being cancelled and not rescheduled as a result of a Work Stoppage and Owner opts to provide a Credit in the amount equal to the amount paid by Licensee for such cancelled year in lieu of a refund, the Term of this Agreement shall be extended by one (1) year with the Credit applied toward the first post-Work Stoppage year and all other License Fee(s) moved forward one (1) year in a similar manner. Further, in the case of a cancelled Special Event for which the Licensee has purchased tickets, Licensee shall receive a refu...
Strikes Damage Destruction Etc