Stadium Concessionaire Sample Clauses

Stadium Concessionaire. Notwithstanding anything in Section 8(b) to the contrary herein, in the event that the City shall extend its exclusive concession agreement with Service America, Inc. or enter into an exclusive concession agreement with a successor concessionaire for the operation of Concessions at the Stadium, then any increase in the percentage share of Concession revenue paid by Service America, Inc. or a successor concessionaire as consideration thereunder (or, if the consideration paid by the concessionaire is a fixed dollar amount, any increase in such dollar amount to the extent that such increase constitutes an increase in the percentage of gross Concession revenue paid as consideration by the concessionaire) shall not be included in Net Concession Revenues and shall be deposited into the Stadium Improvement Fund and used by the City solely to finance the first $60,000,000 of Project Costs incurred in connection with the renovation of the Stadium and the construction of the Improvements and/or amortize the debt incurred in connection therewith. Commencing with the 1997 Pre-Season and thereafter throughout the term of this Agreement, the City shall require Service America, Inc. or any successor concessionaire to pay all Net Concession Revenues directly to the Chargers promptly after each Home Game.
Sample 1
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Stadium Concessionaire. Section 11(e) of the Agreement is hereby deleted and replaced with the following: The parties recognize and agree that the City has entered into a revised concession agreement with Service America, Inc. ("Service America") (a copy of which is on file in the office of the City Clerk as Document No. 00- 18227-1) and that the fifteen percent (15%) increase in revenue received by the City from Service America pursuant to that agreement is not included in Net Concession Revenues, but shall be deposited into the City's Stadium Operations Fund to be used to finance the Project Costs incurred in connection with the construction of the Improvements or amortize any debt in connection therewith. Notwithstanding anything in Section 8(b) to the contrary herein, in the event that the City shall either further extend its current exclusive concession agreement with Service America or enter into an exclusive concession agreement with a successor concessionaire for the operation of Concessions at the Stadium, then any increase in the percentage share of Concession revenue paid by Service America or a successor concessionaire as consideration thereunder (or, if the consideration paid by the concessionaire is a fixed dollar amount, any increase in such dollar amount to the extent that such increase constitutes an increase in the percentage of gross Concession revenue paid as consideration by the concessionaire) solely as a result of that revised agreement, and not including the fifteen percent (15%) increase in revenue from Service America referenced above, shall be included in Gross Income. If any such extension or successor agreement results in a decrease in revenue to the City, the parties shall negotiate in good faith regarding the revenue split between them for Net Concession Revenues. Notwithstanding the foregoing, the revenue derived from the club level Concessions and club level lounges shall not be considered to be an increase in the percentage of gross Concession revenue for the purposes of this Section 11(e), but shall be included in Net Concession Revenues. Commencing with the 1997 Pre-Season and thereafter throughout the term of this Agreement, the City shall require Service America or any successor concessionaire to pay all Net Concession Revenues directly to .the Chargers promptly after each Home Game.
Sample 1

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