Common use of Stadium Alterations Clause in Contracts

Stadium Alterations. The right to improve, alter, restore, reduce, expand, or enlarge the Stadium, any amenity area, any seating area or any other portion of the Stadium, as determined in the Authority’s (and StadCo’s) sole discretion. If, in connection with any such action, the Stadium seating is relocated or reconfigured, the PSL Agent (as agent of the Authority) reserves the right to re-designate the specific locations of seats and to modify the assignment of specific seats to PSLs. If the Authority (and StadCo) determine that any such modification is necessary, the PSL Agent will endeavor to assign to an affected PSL a seat that is reasonably comparable to, in terms of field vantage point and access to amenities, the seat that was assigned to the PSL prior to the relocation or reconfiguration, all as determined by the PSL Agent in its sole discretion and without regard to the original License Fee amount (each such Seat, a “Comparable Seat”). In the event the PSL Agent notifies the Licensee that there is no Comparable Seat(s), then the Licensee shall have the right to terminate this License Agreement upon notice to the PSL Agent, in which event the PSL Agent shall, except as provided in and subject to Section 9 and Section 11 of this Exhibit C, within sixty (60) days following such notice of termination, refund to the Licensee the License Fee Refund Amount.

Appears in 5 contracts

Samples: Personal Seat License Agreement, Personal Seat License Agreement, Personal Seat License Agreement

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