Host Committee definition
Examples of Host Committee in a sentence
For a period of six (6) months from the Effective Date, the Host Committee and the RNC shall negotiate in good faith to reach agreement on the additional non-financial obligations of the Host Committee to the RNC, including such provisions as the RNC shall require for the provision of office space; administration; parking; access to key venues; security; transportation; and other matters necessary or appropriate to host the Convention.
Irrespective of any other term of this Agreement, should City fail to be awarded a federal security grant sufficient to cover the costs of all of City’s security obligations under the Security Plan, Agency shall have no obligation to provide the services described in this Agreement and City shall not be obligated to remit the funds described in this Agreement to Agency unless reimbursed for such costs by the Host Committee, the DNC or any other entity.
During such six (6) month period, the Host Committee shall also work to obtain such other contracts and instruments as may be requested by the RNC, as well as such other venues as the RNC may request.
The Host Committee is responsible to pay any and all deductibles and/or self-insured retentions that may apply to the required insurance.
The Host Committee shall provide a letter of credit in the amount of $5,000,000 to Metro within six months after the Effective Date guarantying the Host Committee’s financial obligations under this Agreement.
Solely to the extent that any Excess Security Costs are not funded or reimbursed through the grants and in-kind provision of services and personnel contemplated in this Section 3.16, the Host Committee shall be obligated to either directly pay for, or reimburse the City for, those Excess Security Costs.
With the exception of the Security Grant, the Host Committee shall be solely responsible for raising the sum of all necessary funds (the “Convention Funds”) to account for all costs and expenses it incurs in hosting the Convention, all pursuant to a budget (and schedule) to be further discussed and agreed between the RNC and the Host Committee.
Except for workers’ compensation, each of the Insurance Coverages shall name the RNC, the Host Committee and Metro as additional insureds or loss payees (collectively, the “Insured Parties”).
Metro agrees that it will not enter into any agreement with any third party following the Effective Date that would negatively impact the ability of the RNC and Host Committee to conduct the Convention contemplated by this Agreement.
The obligation to procure and maintain any insurance required is a separate responsibility of the Host Committee and independent of the duty to furnish a copy or certificate of such insurance policies.