Common use of Advertising Fee Clause in Contracts

Advertising Fee. City and Contractor agree that the fee for Contractor advertising on the City’s transit vehicles shall be determined in accordance with the following. Subsection A - Fee The Contractor agrees to pay to the City $650/month/Bus for the thirty six-month term of the contract, for advertising utilized on both sides of one transit bus in the City of Minot, based on the fee structure outlined in Appendix #2 and based upon the fleet inventory, as the same may change from time to time. The current fleet inventory as of the effective date of this agreement is attached as Appendix #3. Payments shall be made monthly. The City shall provide an invoice by the 15th of each month with payment due no later than the last day of that month. All payments shall be made to City at the following address: Public Works Department, City of Minot, PO Box 5006, Minot, ND 58702 and shall specify by reference that said payment is applicable to the Transit Department. The obligation of Contractor to make payments shall be absolute and unconditional in all events notwithstanding any dispute between City and Contractor or between Contractor and any other person or entity. Contractor shall make all payments required hereunder when due and shall not withhold any payment pending final resolution of such dispute nor shall Contractor assert any right of set off or counterclaim against its obligation to make such payments.

Advertising Fee. City and Contractor agree that the fee for Contractor advertising on the City’s transit vehicles shall be determined in accordance with the following. Subsection A - Fee The Contractor agrees to pay to the City $650780.00/month/Bus for the thirty six12-month term of the contract, for advertising utilized on both sides and the rear panel of one transit bus in the City of Minot, based on the fee structure outlined in Appendix #2 and based upon the fleet inventory, as the same may change from time to time. The current fleet inventory as of the effective date of this agreement is attached as Appendix #3. Payments shall be made monthly. The City shall provide an invoice by the 15th of each month with payment due no later than the last day of that month. Payments more than 60 days overdue may be subject to a 1.75% late fee. All payments shall be made to City at the following address: Public Works Department, City of Minot, PO Box 5006XX Xxx 0000, MinotXxxxx, ND 58702 XX 00000 and shall specify by reference that said payment is applicable to the Transit Department. The obligation of Contractor to make payments shall be absolute and unconditional in all events notwithstanding any dispute between City and Contractor or between Contractor and any other person or entity. Contractor shall make all payments required hereunder when due and shall not withhold any payment pending final resolution of such dispute nor shall Contractor assert any right of set off or counterclaim against its obligation to make such payments.

Advertising Fee. City and Contractor agree that the fee for Contractor advertising on the City’s transit vehicles shall be determined in accordance with the following. . Subsection A - Fee The Contractor agrees to pay to the City $650455/month/Bus month for the thirty six-six- month term of the contract, for advertising utilized on both sides the rear of one four transit bus buses in the City of Minot, based on the fee structure outlined in Appendix #2 and based upon the fleet inventory, as the same may change from time to time. The current fleet inventory as of the effective date of this agreement is attached as Appendix #3. Payments shall be made monthly. The City shall provide an invoice by the 15th of each month with payment due no later than the last day of that month. All payments shall be made to City at the following address: Public Works Department, City of Minot, PO Box 5006XX Xxx 0000, MinotXxxxx, ND 58702 XX 00000 and shall specify by reference that said payment is applicable to the Transit Department. The obligation of Contractor to make payments shall be absolute and unconditional in all events notwithstanding any dispute between City and Contractor or between Contractor and any other person or entity. Contractor shall make all payments required hereunder when due and shall not withhold any payment pending final resolution of such dispute nor shall Contractor assert any right of set off or counterclaim against its obligation to make such payments.