Common use of Damage to the Seat(s) Clause in Contracts

Damage to the Seat(s). In the event of any damage to or destruction of the Seat(s) due to an act of God, natural disaster, contamination, act of terrorism or other force majeure that renders the Seat(s) unusable, and StadCo is unable or elects not to repair or replace the Seat(s) in a reasonable period of time, the PSL Agent shall endeavor to provide Licensee a Comparable Seat(s) until the Seat(s) is repaired or replaced. If the PSL Agent notifies the Licensee that there is no Comparable Seat(s) or that the Seat(s) cannot be repaired or replaced, then this License Agreement shall terminate as of the date of such damage or destruction, no portion of the License Fee will be returned to Licensee, and the Authority and the PSL Agent shall have no further liability under this License Agreement.

Appears in 5 contracts

Samples: License Agreement, License Agreement, License Agreement

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