NFL Team. Tenant shall cooperate with any request by the City of Los Angeles, County of Los Angeles and/or State of California for use of the Coliseum Property on a temporary basis (no more than four (4) years at any one time) by not more than one NFL football team at any one time. Tenant shall negotiate in good faith with the NFL to structure a sublease or occupancy agreement (“NFL Agreement”) on fair market terms; provided that Tenant shall have the right to require that any NFL Agreement include a contribution by the NFL team to capital improvements at the Coliseum Property, provide that Tenant will not be obligated to incur any additional expense or liability, and include an indemnity in favor of Tenant by such NFL team against liabilities resulting from the NFL Agreement and the use of the Coliseum Property for NFL games, subject to commercially reasonable limitations for liabilities caused by Tenant. Additionally, Tenant shall have the right to refuse to enter into an agreement for occupancy of the Coliseum Property if (i) in Tenant’s reasonable determination, the particular team being proposed poses security or safety concerns for persons or property on Tenant’s adjacent campus, or (ii) such occupancy or activities associated with the NFL team (e.g. reciprocal marketing agreements) would cause violations of NCAA or Pac-12 bylaws, regulations, policies or procedures.
Appears in 3 contracts
Samples: Non Disturbance Agreement and Direct Lease Agreement, Lease and Agreement, Non Disturbance Agreement Direct Lease Agreement
NFL Team. Tenant shall cooperate with any request by the City of Los Angeles, County of Los Angeles and/or State of California for use of the Coliseum Property on a temporary basis (no more than four (4) years at any one time) by not more than one NFL football team at any one time. Tenant shall negotiate in good faith with the NFL to structure a sublease or occupancy agreement (“NFL Agreement”) on fair market terms; provided that Tenant shall have the right to require that any NFL Agreement include a contribution by the NFL team to capital improvements at the Coliseum Property, provide that Tenant will not be obligated to incur any additional expense or liability, and include an indemnity in favor of Tenant by such NFL team against liabilities resulting from the NFL Agreement and the use of the Coliseum Property for NFL games, subject to commercially reasonable limitations for liabilities caused by Tenant. Additionally, Tenant shall have the right to refuse to enter into an agreement for occupancy of the Coliseum Property if (i) in Tenant’s reasonable determination, the particular team being proposed poses security or safety concerns for persons or property on Tenant’s adjacent campus, or (ii) such occupancy or activities associated with the NFL team (e.g. reciprocal marketing agreements) would cause violations of NCAA or Pac-12 Pac- 12 bylaws, regulations, policies or procedures.
Appears in 1 contract
Samples: Lease and Agreement
