DESIGNATION OF XXXXXX ADVERTISING SLOT Sample Clauses

DESIGNATION OF XXXXXX ADVERTISING SLOT. Subject to the provisions of this Agreement, City hereby declares, grants, and conveys unto Xxxxxx its successors and/or assigns, a perpetual, exclusive right to have one permanent designated slot on the Sign (the “Xxxxxx Slot”). The Xxxxxx Slot shall be constituted of not less than one half (1/2) of the panel space on both the north and south face of the Sign per full rotation. Xxxxxx shall not be required to pay any amount to the City for the Xxxxxx Slot and Xxxxxx may provide City with updated advertising material for the Xxxxxx Slot as it becomes available.
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