Concession Facilities Space definition
Examples of Concession Facilities Space in a sentence
As shown in CONCESSIONAIRE’S Proposal, CONCESSIONAIRE has committed to spend a Minimum Facility Build-Out Investment of at least $350 (three hundred and fifty dollars) per square foot for the development of each Concession Facilities Space.
Further, CONCESSIONAIRE agrees that it shall make available for sale during the daily course of operation of the Concession Facilities Space all products and services necessary to meet the needs and desires of the traveling public and CONCESSIONAIRE shall not remove items or services from its approved product list without prior written consent of the Director.
CONCESSIONAIRE hereby agrees that the Concession Facilities Space in the Terminal shall be utilized by CONCESSIONAIRE for the sole purpose of carrying out the customary and necessary transactions and activities of operating the concession business.
Each Concession Facilities Space shall be in good taste, professionally developed, and of such high caliber as to contribute to the establishment of the Terminal as a prestige location for a Food and Beverage Concession.
Effective as of the Turnover Date(s), AUTHORITY hereby leases to CONCESSIONAIRE Concession Facilities Space, consisting of 10,225 square feet, as outlined on Exhibit A, attached hereto and made a part hereof.
It is imperative that CONCESSIONAIRE is ready to open for business at all of its Concession Facilities Space locations at the commencement of the Initial Term hereof in order serve the traveling public.
CONCESSIONAIRE shall submit to AUTHORITY a report (“Gross Revenues Report”) showing, with respect to the prior month, a listing of Gross Revenues from each individual Concession Facilities Space.
A mid-term refurbishment minimum investment of $75.00 per square foot at each Concession Facilities Space location is also required.
The Concession Facilities Space and Support Space are referred to together as the Premises.
Therefore, it is agreed that as liquidated damages, CONCESSIONAIRE agrees to pay to the AUTHORITY the amount of Five Hundred Dollars ($500.00) per Day for each Concession Facilities Space location from Opening Day until its opening date, if CONCESSIONAIRE fails to complete the Project and obtain all approvals necessary for opening all of the Concession Facilities Space locations at the commencement of the Initial Term.