Food Preparation Area definition
Examples of Food Preparation Area in a sentence
Thereafter, in the event that the Owner’s Expenses exceed the total amount of Concession Operations Fee and the Food Preparation Area Operating Fee by ten percent (10%) or more in any year after the initial year of the Term, the City may initiate renegotiation of the financial provisions of this Article by providing 90 days’ written notice to the other Parties.
In the event that the Concession Operations Fee and the Food Preparation Area Operating Fee in any year exceeds the total of (i) the Owner’s Expenses in that year and (ii) any unreimbursed Owner’s Expenses from previous years, the amount of such excess shall not be paid to the City, or if paid, shall be refunded by the City to Concessionaire at the latest time specified in Section 7.5 herein.
The Concessionaire shall pay to the City (a) the Concession Operations Fee, (b) the Food Preparation Area Operating Fee, and (c) any other sums and charges expressly required to be paid to the City by the Concessionaire pursuant to the terms of this Agreement.
In no event shall the Concession Operations Fee and the Food Preparation Area Operating Fee continue to be paid or applied past the expiration of the Term or any Renewal Term.