Term and the Transition of Management and Control to the Manager Sample Clauses

Term and the Transition of Management and Control to the Manager. This Agreement shall take effect upon the date that it is fully executed by the County and the Manager (“Effective Date”). It is recognized and understood by the Parties that in order to allow the Parties to address various issues, including but not limited to, clean up, repairs and reconstruction due to Hurricane Xxxxx, development of implementation schedules for improvements, and examination of the existing infrastructure and equipment, that it will be necessary to provide a period of time for the Parties to take necessary steps to implement a smooth transition of Playland from the County to the Manager (“Transition Period”). The Parties intend that commencing October 1, 2013 (“Commencement Date”), the Manager shall commence to manage, operate, repair, maintain, make improvements to and have financial responsibility for all costs and liabilities for all of Playland Park in accordance with the terms and conditions of this Agreement (“Park Management”), including, but not limited to, payments to the County of the amounts set forth in Section 4(C) below for a ten (10) year term. Notwithstanding the foregoing, the Parties agree that the Commencement Date may be delayed until such date that the Amusement Zone, the Beach/Aqua Zone which will include the water deck (“Water Deck”), and the Field Zone which will include the field house (“Field House”), (the Park zones are further defined in Section 7 below) have any and all required approvals and permits in place that are necessary to commence the improvements proposed by the Manager in accordance with Section 8 below. Such approvals and permits shall include, but are not limited to, the approvals and permits that can be issued by departments of the County under the administrative jurisdiction of the County Executive and the approval required by the Westchester County Board of Legislators (“BOL”) pursuant to Section 8 of this Agreement. Upon the Commencement Date, this Agreement shall run for a period of ten (10) years (“Term”), with a mutual option to renew the Agreement for an additional ten (10) years upon the agreement of the Parties. The last day of this Term shall be the expiration date of this Agreement (“Expiration Date”). Assuming satisfactory performance of the Agreement during the Term, it is the expectation of the Parties that the Agreement will be renewed for the additional ten (10) year term, subject to necessary legal approvals. It is understood and agreed that the Manager will not have the Park zo...
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