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2005 Resolutions
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2005 Resolutions
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3/13/2006 11:18:03 AM
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3/31/2005 1:59:46 PM
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<br />9. <br /> <br />. <br /> <br />10. <br /> <br />. <br /> <br />. <br /> <br />Owner will take responsibility for initial cleanup of grounds after construction and <br /> <br />renovation activities currently under way at Harbor Center are complete. <br /> <br />Owner and HCJV strongly believe that they, Harbor Center itself, and the public have all <br /> <br />greatly benefited from affiliation with nTelos as the name sponsor, because of public <br /> <br />recognition and respect for the nTelos narne. Owner and HCJV hope that this mutually <br /> <br />beneficial relationship continues and that nTelos remains as the name sponsor of the <br /> <br />Harbor Center at least through the end of the 2005 season. Ifthe sponsorship does <br /> <br />continue, then HCJV shall retain all 2005 sponsorship revenue, in the amount of <br /> <br />$225,000. Ifit does not continue, or ifit continues with reduced revenue, then Owner <br /> <br />shall pay HCJV the revenue that would otherwise have been payable by nTelos for the <br /> <br />2005 season. <br /> <br />Owner will pay insurance costs, including property and casualty and commercial liability <br /> <br />insurance, and utility costs for the facility. Ovations, Rising Tide and Comcast-Spectacor <br /> <br />will be named as additional insureds with coverage levels that are reasonable for the <br /> <br />circumstances and agreed to by legal counsel for the parties. This section modifies <br /> <br />Contract g7.14. <br />12. There will be a $1.00 facility fee on each paid ticket and this will be used to reimburse <br /> <br />HCJV for expenses associated with building repair and maintenance. There will also be a <br /> <br />$1.00 fee on each paid ticket for parking, payable to Owner on a monthly basis. This <br /> <br />section modifies Contract g6.1.3. <br /> <br />13. HCJV will not be responsible for payment of any rent to Owner for the 2005 season or for <br /> <br />11. <br /> <br />the remaining duration of the Contract. <br /> <br />Draft /. 3B <br /> <br />-4- <br />
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