Common use of Yielding-Up/Dismantling Clause in Contracts

Yielding-Up/Dismantling. 5.1. The Licensee shall be fully responsible for dismantling all fixtures and fittings without damage to the Event Space or to the Station to the satisfaction of the Licensor. This shall be undertaken immediately after the Event and completed within one (1) day as per the hours and conditions stated in Rule 2.2 and Rule 4.4. 5.2. In the event of the Licensee’s failure to comply with Rule 5.1 above, the Licensor shall be entitled and shall be deemed to be authorized by the Licensee to demolish, remove and/or otherwise dispose of all of the Licensee’s structures, installations, furniture, equipment, goods, articles or chattels situated in or within the Event Space or the Station in any manner which the Licensor deems fit and restore and reinstate the Event Space to its original state. Without prejudice to any other rights and remedies of the Licensor arising out the default of the Licensee, all costs and expenses incurred by the Licensor in effecting such demolishment, removal, disposal and/or works shall be due and payable by the Licensee to the Licensor upon demand and in this connection, the invoice of the Licensor as to the amount of costs and expenses incurred shall be conclusive and binding on the Licensee. 5.3. All floor stains and tear-down debris must be removed within the time frame specified in Rule 5.1 failing which the Licensor shall proceed with the removal and the total costs of such removal shall be borne by the Licensee.