Common use of Static Advertisement Panels Clause in Contracts

Static Advertisement Panels. At present, total 12 static advertisement panels of approximately size (54.5 X 38) cm are available per coach for full screen advertisement by licensee. The maintenance of the static advertisement panels is to be done by the Licensee. Out of 12 panels, 6 static advertisement panels can be converted to digital advertisement screens by DMRC on the request of Licensee. The cost of conversion of static panels to digital advertisement screens shall be borne by the licensee. The maintenance of the digital panels being used by the licensee shall be done by DMRC at the cost of licensee, the lump sum cost of which has been included in the maintenance/ service charges provided in the tender document i.e. Rs. 3.00 Lakh per depot per quarter+GST, to be increased and escalated @ 5% after completion of every 01 year of the License Period on compounding basis.

Appears in 2 contracts

Samples: Draft License Agreement, Draft License Agreement

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Static Advertisement Panels. At present, total 12 static advertisement panels of approximately size (54.5 X 38) cm are available per coach for full screen advertisement by licensee. The maintenance of the static advertisement panels is to be done by the Licensee. Out of 12 panels, 6 static advertisement panels can be converted to digital advertisement screens by DMRC on the request of Licensee. The cost of conversion of static panels to digital advertisement screens shall be borne by the licensee. The maintenance of the digital panels being used by the licensee shall be done by DMRC at the cost of licensee, the lump sum cost of which has been included in the maintenance/ service charges provided in the tender document i.e. Rs. 3.00 Lakh per depot per quarter+GST, to be increased and escalated @ 520% after completion of every 01 3 year of the License Period on compounding basis.

Appears in 2 contracts

Samples: Draft License Agreement, Draft License Agreement

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