Event-Day Parking Within the Convention Center Parking Area Sample Clauses

Event-Day Parking Within the Convention Center Parking Area. BRE agrees that the City shall have the right and option to manage, staff and operate, at the City’s expense, all parking spaces within the Convention Center Parking Area for the parking of motor vehicles and related convention activities on Event Days. If the City elects not to exercise such right and option, the BRE Parties shall have the right to use such parking spaces within the Convention Center Parking Area for the parking of motor vehicles on Event Days that are not also Convention Days. The City shall set the parking rates on the Convention Center Parking Area on Event Days (which rates must be reasonable market rates) and collect the parking fees for Event-Day use of the Convention Center Parking Area. The City shall be required to pay all expenses incurred in connection with its management, staffing and operation of the Convention Center Parking Area on Event Days and shall be entitled to retain all the parking fees collected on the parking spaces within the Convention Center Parking Area while it is operated by the City.
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