Common use of Use of Dedicated Parking Spaces for City Events Clause in Contracts

Use of Dedicated Parking Spaces for City Events. Upon written request of the City not more than one week prior to a “City Event” at the Stadium, if Hotel Developer does not have a convention scheduled or has a convention scheduled for the Hotel/Convention Center that will require less than 100 parking spaces, Hotel Developer (i) shall release 100 Dedicated Parking Spaces if there is no convention scheduled, or (ii) shall release the number of excess parking spaces not needed for the scheduled convention (depending on the size of the convention in question) in the Hotel Deck to the City for use in connection with the City Events at the Stadium. The exact location of such Dedicated Parking Spaces within the Hotel Deck shall be agreed upon by Hotel Developer and the City in their respective, reasonable judgment. The City shall be entitled to 100% of the revenue generated from Dedicated Parking Spaces released by Hotel Developer pursuant to this Section 4. For purposes of this Section 4, a “City Event” shall mean any event, activity or program held at the Stadium that is not a (i) GreenJackets baseball game, (ii) GreenJackets event or (iii) other activity that is not otherwise related to the administration or operation of GreenJacket’s regular business at the Stadium.

Appears in 4 contracts

Samples: Parking Operating Agreement, Stadium License Agreement, Parking Operating Agreement

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