Common use of Relocation, Expansion, Contraction Clause in Contracts

Relocation, Expansion, Contraction. (a) At any time during the Term of this Permit, the Port may require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 90 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than 90 days prior to the Target Effective Date. The “Maximum Reimbursement Amount” shall be an amount equal to the unamortized costs of Permittee’s improvements to the original Assigned Space. The basis of the amortization shall be straight-line depreciation over the lesser of the useful life of such improvements or the Term of the Permit (without taking into account any extensions) or the depreciation method then currently in use by Permittee, whichever results in the lesser unamortized amount. The foregoing notwithstanding, Permittee acknowledges that if it uses an automated machine to provide the permitted services, the Port shall have the right to request that said machine(s) be relocated at Permittee’s expense upon 30 days’ notice.

Relocation, Expansion, Contraction. (a) At any time during On the Term of terms set forth in this PermitParagraph H.1, the Port may at any time, require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 90 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and the “Maximum Reimbursement Amount,” if anyany (as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand ($100,000) Dollars or less, or if more, by the Board in its sole discretion and set forth in a resolution duly adopted by the Board), for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than 90 days three (3) months prior to the Target Effective Date. The “Maximum Reimbursement Amount” is the amount as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand ($100,000) Dollars or less, or if more, by the Board in its sole discretion and set forth in a resolution or ordinance duly adopted by the Board for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work. In addition to the Maximum Reimbursement Amount (if any), in the event of a Required Relocation, and upon approval to pay such costs as evidenced by a resolution or ordinance duly adopted by the Board, the Port shall be an amount equal pay to Permittee the unamortized costs of Permittee’s improvements to the original Assigned Space. The basis of the amortization shall be straight-line depreciation over the lesser of the useful life of such improvements or the Term of the Permit (without taking into account any extensions) or the depreciation method then currently in use by Permittee, whichever results in the lesser unamortized amount. The foregoing notwithstanding, Permittee acknowledges that if it uses an automated machine to provide the permitted services, the Port shall have the right to request that said machine(s) be relocated at Permittee’s expense upon 30 days’ notice.

Relocation, Expansion, Contraction. (a) At any time during On the Term of terms set forth in this PermitParagraph H.1, the Port may at any time, require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 90 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), and the “Maximum Reimbursement Amount,” if anyany (as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand Dollars ($100,000) or less, or if more, by the Board in its sole discretion and set forth in a resolution duly adopted by the Board), for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work, and with respect to a Required Relocation, the location of the on-on- Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than 90 days three (3) months prior to the Target Effective Date. The “Maximum Reimbursement Amount” shall be an amount equal to the unamortized costs of Permittee’s improvements to the original Assigned Space. The basis of the amortization shall be straight-line depreciation over the lesser of the useful life of such improvements or the Term of the Permit (without taking into account any extensions) or the depreciation method then currently in use by Permittee, whichever results in the lesser unamortized amount. The foregoing notwithstanding, Permittee acknowledges that if it uses an automated machine to provide the permitted services, the Port shall have the right to request that said machine(s) be relocated at Permittee’s expense upon 30 days’ notice.

Relocation, Expansion, Contraction. (a) At any time during the Term of this Permit, the Port may require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 180 90 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than 90 three (3) months90 days prior to the Target Effective Date. The “Maximum Reimbursement Amount” shall be an amount equal to the unamortized costs of Permittee’s improvements to the original Assigned Space. The basis of the amortization shall be straight-line depreciation over the lesser of the useful life of such improvements or the Term of the Permit (without taking into account any extensions) or the depreciation method then currently in use by Permittee, whichever results in the lesser unamortized amount. The foregoing notwithstanding, Permittee acknowledges that if it uses an automated machine to provide the permitted services, the Port shall have the right to request that said machine(s) be relocated at Permittee’s expense upon 30 days’ notice.

Relocation, Expansion, Contraction. (a) At any time during On the Term of terms set forth in this PermitParagraph H.1, the Port may at any time, require that (i) Permittee relocate and surrender all or part of the Assigned Space (such change to the Assigned Space is hereafter referred to as a “Required Relocation”), and/or (ii) the Assigned Space be contracted or expanded (such change to the Assigned Space is hereafter referred to as an “Assigned Space Change”). Port shall give Permittee at least 90 180 days prior written notice (the “Change Notice”) setting forth a description of the Required Relocation or the Assigned Space Change, as applicable, the approximate effective date thereof (the “Target Effective Date”), the “Maximum Reimbursement Amount,” if any, and with respect to a Required Relocation, the location of the on-Airport replacement Assigned Space, as conclusively determined by the Port. The Change Notice shall be given no less than 90 days three (3) months prior to the Target Effective Date. The “Maximum Reimbursement Amount” is the amount as may be authorized in writing by the Director in his or her sole discretion, if One Hundred Thousand ($100,000) Dollars or less, or if more, by the Board in its sole discretion and set forth in a resolution or ordinance duly adopted by the Board for Permittee’s remodeling of the replacement Assigned Space or for Permittee’s expansion/contraction work. In addition to the Maximum Reimbursement Amount (if any), in the event of a Required Relocation, and upon approval to pay such costs as evidenced by a resolution or ordinance duly adopted by the Board, the Port shall be an amount equal pay to Permittee the unamortized costs of Permittee’s improvements to the original Assigned Space. The basis of the amortization shall be straight-line depreciation over the lesser of the useful life of such improvements or the Term of the Permit (without taking into account any extensions) or the depreciation method then currently in use by Permittee, whichever results in the lesser unamortized amount. The foregoing notwithstanding, Permittee acknowledges that if it uses an automated machine to provide the permitted services, the Port shall have the right to request that said machine(s) be relocated at Permittee’s expense upon 30 days’ notice.