Needs of Each Party Sample Clauses

Needs of Each Party. Los Angeles sees this venture as being a potential xxxxxxxxxx for the City and the profits generated from the facility will go into a fund to supplement education costs in the Los Angeles Public School system. In order to reach a deal with the Vikings, the City will have to be able to pay back the bonds issued to pay for construction costs, cover the maintenance of the facility, and make a substantial profit on its investment that will go to the public education fund. The City wants to strike a deal that makes business sense (e.g., generates returns commensurate with its investment). A skeptical city council and taxpayers believe the city is in dire financial straits and do not comprehend why the City would use scarce public funds to build a stadium, especially when it benefits a billionaire sports owner. Right now, the City is unable to find necessary funds to fix potholes, provide health care to the indigent, or adequately fund its schools. The Vikings also require certain assurances to relocate to Los Angeles. The Vikings need a deal that increases the value of the franchise, guarantees them a home in a top-notch facility for years to come, and increases revenue on an annual basis. For the Vikings, the deal needs to be more lucrative than other cities in the mix.
Sample 1
AutoNDA by SimpleDocs
Needs of Each Party. Overall recognition of the need of District 625 for education facilities and programs and the need of the YMCA to be able to provide a marketable program to fund the operation of the facility should be considered in all scheduling and operational decisions with respect to the Joint Use Area.
Sample 1

Related to Needs of Each Party

  • The Contractor must 16.1.1. treat all Authority Protected Information as confidential and safeguard it accordingly, implementing appropriate technical and organisational measures to protect Authority Protected Information against disclosure;

  • Payroll Records Contractors and Subcontractors must keep original payrolls or transcripts subscribed and affirmed as true under the penalties of perjury as required by law. For public works contracts over $25,000 where the Contractor maintains no regular place of business in New York State, such records must be kept at the work site. For building services contracts, such records must be kept at the work site while work is being performed.

  • Contractor’s Project Manager 7.2.1 The Contractor’s Project Manager is designated in Exhibit F (Contractor’s Administration). The Contractor shall notify the County in writing of any change in the name or address of the Contractor’s Project Manager.

  • The Contractor Agrees (a) To be bound to the Subordinate Contractor by all the obligations that the Owner owes to the Contractor under the Contract Documents.

  • Contractor Project Manager The Contractor Project Manager shall serve, from the Effective Date, as the Contractor project manager and primary Contractor representative under this Agreement. The Contractor Project Manager shall (i) have overall responsibility for managing and coordinating the performance of Contractor’s obligations under this Agreement, including the performance of all Subcontractors; and (ii) be authorized to act for and bind Contractor and Subcontractors in connection with all aspects of this Agreement. The Contractor Project Manager shall respond promptly and fully to all inquiries from the JBE Project Manager.

  • THE CITY’S AND CONTRACTOR S ACTUAL OR ALLEGED STRICT PRODUCTS LIABILITY OR STRICT STATUTORY LIABILITY, WHETHER CONTRACTOR IS IMMUNE FROM LIABILITY OR NOT.

  • HHSC and Contractor Agreements HHSC and Contractor hereby agree:

  • Subcontractor Insurance In accord with Good Utility Practice, each Interconnected Entity shall require each of its subcontractors to maintain and provide evidence of insurance coverage of types, and in amounts, commensurate with the risks associated with the services provided by the subcontractor. Bonding of contractors or subcontractors shall be at the hiring Interconnected Entity’s discretion, but regardless of bonding, the hiring principal shall be responsible for the performance or non- performance of any contractor or subcontractor it hires.

  • POTENTIAL SUBCONTRACTORS Nothing contained in this Agreement or otherwise, shall create any contractual relation between the STATE and any subcontractors, and no subcontract shall relieve the PURCHASER of his responsibilities and obligations hereunder. The PURCHASER agrees to be as fully responsible to the State for the acts and omissions of its subcontractors and of persons either directly or indirectly employed by any of them as it is for the acts and omissions of persons directly employed by the PURCHASER. The PURCHASER’S obligation to pay its subcontractors is an independent obligation from the STATE’S obligation to make payments to the Contractor. As a result, the STATE shall have no obligation to pay or to enforce the payment of any moneys to any subcontractor.

  • Contract Liaisons All project management and coordination shall be performed by the Department's point of contact designated below. Contractor shall designate a liaison that will provide project management and coordination of Contractor's work. All work performed under this Contract must be coordinated between the Department's Liaison and Contractor's Liaison. Xxx Xxxxxxxxx is the Department's Liaison. 0 X Xxxx Xxxxxx Xxxxx Xxxxxx XX 00000-0000 Telephone: (000) 000-0000 E-mail: Xxx.Xxxxxxxxx@xx.xxx Xxxx Xxxxxxxx is Contractor's Liaison. 000 Xxxx Xxxxxxx Xxxxxx Xxxxx XX 00000 Telephone: (000) 000-0000 E-mail: xxxxxxxxxxx@xxxxxxxx.xxx

Time is Money Join Law Insider Premium to draft better contracts faster.