Relocation or Removal of Designated Areas; Early Termination Sample Clauses

Relocation or Removal of Designated Areas; Early Termination. After the first five (5) years following the Advertising Structures Commencement Date, CITY may, at any time, require the temporary or permanent removal and/or relocation of the Advertising Structures from the Designated Areas by advance written notice to ADVERTISING PROVIDER should the development or operation of ARTIC require the removal and/or relocation. ADVERTISING PROVIDER agrees that it shall promptly accomplish the removal/relocation at ADVERTISING PROVIDER’s sole cost and expense within thirty (30) days after receipt of notice. If deemed to be an obstruction, then pursuant to Section 20 of this Agreement, City, in its sole discretion, may recommend a Designated Alternative Area for the Advertising Structure or removal. In the event the Advertising Structures are removed in accordance with this Section, ADVERTISING PROVIDER shall be reimbursed for any unamortized capital expenses incurred in connection with the construction, permitting and operation of the Advertising Structures, such amortization based on the 20-year useful life of the Advertising Structures. In order to calculate the unamortized capital expenses, ADVERTISING PROVIDER shall provide information concerning capital expenses in accordance with Section 5(A). In addition, Mixed-use development opportunities exist at the ARTIC Site and will be explored in the near future. These opportunities are planned for in Parking Lot A depicted on the Project Site Plan. Parking Lot A is adjacent to East Katella Avenue and a portion of South Xxxxxxxx Road. Advertising Structures placed in this area may need to be relocated or replaced to accommodate future development on the Site, as well as maintain visibility from select vantage points. The CITY will use its best efforts to coordinate and collaborate with the ADVERTISING PROVIDER and future developer(s) to address future impacts future development may have on the Indoor/Outdoor Advertising Program. Should CITY determine, after the first five (5) years following the Advertising Structures Commencement Date, that any portion or all of the Designated Areas are permanently required for another ARTIC use, CITY will, in good faith, collaborate with ADVERTISING PROVIDER to provide an equivalent amount of comparable space with comparable commercial value for advertising sales, elsewhere at ARTIC. CITY will provide ADVERTISING PROVIDER with at least thirty (30) days written notice of the new location (the “Designated Alternative Area”). ADVERTISING PROVIDER...
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Related to Relocation or Removal of Designated Areas; Early Termination

  • Contract Termination Provision This contract may be terminated at any time by City for any cause without penalty or liability except as may otherwise be specified herein. Upon receipt of written notice by City, Engineer shall immediately discontinue all services and Engineer shall immediately terminate placing orders or entering into contracts for supplies, assistance, facilities or materials in connection with this contract and shall proceed to cancel promptly all existing contracts insofar as they are related to this contract. As soon as practicable after receipt of notice of termination, Engineer shall submit a statement showing in detail the services performed but not paid for under this contract to the date of termination. City shall then pay Engineer promptly the accrued and unpaid services to the date of termination, to the extent the services are approved by City. This contract may be terminated by Engineer with mutual consent of City at any time for any cause without penalty or liability except as may otherwise be specified herein. Engineer shall submit written notice to terminate contract and shall submit to City all plans and documents relative to the design of Project. City shall then ascertain cost to complete the balance of the work under this contract. If the cost to complete the balance of the work is greater than the unpaid contract amount, City shall retain all unpaid balances and, in addition, Engineer shall pay directly to City the difference in the unpaid balance and the cost to complete the work. In no case shall City pay Engineer any additional monies other than those previously paid under the contract.

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