Existing Stadium definition
Examples of Existing Stadium in a sentence
The Agreement for Use and Occupancy of Qualcomm Stadium between the Parties, dated August 5, 2009, as amended August 6, 2018, by which the City previously granted to CSU the right to use and occupy the Existing Stadium on specified terms and conditions through December 31, 2020, together with any and all amendments, modifications, supplements, and/or extensions thereof.
Section 22.0908(n) requires the Sale Transaction to ensure the City does not pay for (i) any rehabilitation costs or demolition, dismantling, or removal costs associated with the Existing Stadium or (ii) any operating costs, maintenance costs, or capital improvement expenses associated with the New Stadium.
If there is a delay in conveyance of the Existing Stadium Site for this reason, the Agency and the City shall remain obligated to convey the Existing Stadium Site to Developer upon the 49ers Departure.
The City shall convey the Property to the Agency on an “As-Is With All Faults” condition, including the Existing Stadium, and the City shall have no further ongoing liability related to the Property as of the date of conveyance, except for any third party personal injury or property damage liability related to its period of ownership.
Notwithstanding anything to the contrary in this Agreement, the City shall have no obligation to convey, and the Agency shall have no obligation to accept, all or any part of the Property leased to the 49ers (the “Existing Stadium Site”) before the existing lease to the 49ers (the “49ers Lease”) has terminated or expired and the 49ers have vacated the Existing Stadium Site (the “49ers Departure”).
Upon Final Completion, the Parties shall amend such memorandum to reflect the lease by StadCo of the Existing Stadium Facility.
The date of the later of (i) Substantial Completion of the New Stadium Facility, as acknowledged by the Parties in an Acknowledgment of Commencement Date, in form and substance attached hereto as Exhibit H and (ii) transfer of fee ownership of the New Stadium Facility and the Existing Stadium Facility (other than the Existing Stadium) by the County to ECSC.
Within 120 days of the Substantial Completion of the Stadium and transition of the Team Games to the Stadium, StadCo shall demolish the Existing Stadium, remove all debris (or use, subject to such debris being clean and prior written consent of the Authority, same to backfill the Existing Stadium site) and otherwise fill and level with clean fill as shall be provided in the Construction Agreement.
Other than the Project Documents, to the Authority’s knowledge, there are no currently existing leases, licenses, contracts, agreements or other documents affecting the construction of the Stadium, or the demolition and removal of the Existing Stadium, as of the Effective Date to which the Authority is a party.
Sewer lines to be relocated include, but are not necessarily limited to, an 8” and 18” sewer line serving the Existing Stadium and the existing Serra Mesa Community and Fire Station location north of Friars Road and a portion ofan existing 36” sewer line located in the easterly portion of the River Park Property to facilitate the construction of an extension of Rancho Mission Road.