LED Panels definition
Examples of LED Panels in a sentence
PMM and/or its subsidiaries sell advertising airtime on the outdoor LED Panels operated by or licensed to them in their ordinary course of business.
Party A shall bear the costs and expenses in respect of the building of the visual advertisement LED Panels, the installation and tuning of the above-ground advertisement facilities and the production of the advertisements, and also for the management and synchronization of the contents of the relevant advertisements, publication of such advertisements and related electricity charges (i.e. any part of such electricity charges which exceeds 2,500.00RMB per panel per annum).
Party B is further entitled to allow Party A to acquire and own the right as defined in this Agreement to operate a business as the exclusive agent for advertisements to be publicized through those 85 visual advertisements LED Panels.
If both parties agree to terminate their co-operation during the subsistence of this Agreement or if Party A fails to renew the term of this Agreement after the expiration of the term hereunder then Party A shall be entitled to dismantle and remove all the outdoor visual advertisement LED Panels or to sell the same to Party B at a discounted price.
The Landlord requires a payment of $6,400 for the Tenant's compliance with this Agreement.
Within 3 days after the signing of the Agreement Party A shall provide to Party B specifications regarding the external appearance and dimensions of the LED Panels to be provided and installed by Party A and the constructional specifications for the foundations of such panels (including the requisite wiring and electrical supply provisions) to enable Party B to file applications for the approval of the relevant authorities, which specifications are more particularly set out in Appendix 3 hereunder.
Party B confirms that the quantity of LED Panels for which Party A and Party B have agreed to co-operate in Party A’s agency for advertisement business shall be 85 and Party B must ensure that Party A will be its agent in respect of those 85 visual advertisement LED Panels and must not in duplicity develop any form of business co-operation or agency with a third party in respect of those LED Panels.
The CMGD Outdoor Advertising Contract was entered into by the parties after arm’s length negotiation such that the advertising airtime on the outdoor LED Panels provided by the Group, through PMM, to other customers with similar purchase will be at rates no less favorable than that of the CMGD Outdoor Advertising Contract.
Within one year after the signing of this Agreement, all the relevant approvals regarding the locations of the LED Panels in this project shall be reserved for use of this Project and be exclusive to Party A in the sense that Party B shall not co-operate with any other corporation regarding the matters related to this Project without first obtaining the written approval of Party A.
In the event of the LED Panels being taken over for use in activities or political assignments organized by a relevant department of the government in respect of the five hours advertisement time spans stipulated under this Agreement for the publication of commercial advertisements of the sponsoring merchant or advertisements of public interest, Party B will in a normal case give notice in writing or email to Party A three days in advance (or as early as possible in a case of urgency) of such situation.