Operating Agreements and Plans definition

Operating Agreements and Plans has the meaning ascribed thereto in Section 3.14.

Operating Agreements and Plans is defined in Section 3.11.

Operating Agreements and Plans has the meaning ascribed thereto in Section 3.14. “Operating Standards” means the standards, specifications, policies, procedures, and processes that apply to the operation, maintenance, rehabilitation, and capital improvements to, the Parking Garage System set forth on Schedule 3, including any plans submitted by the Concessionaire to the Authority as required therein. To the extent that any term or provision set forth in Schedule 3 or incorporated by reference in Schedule 3 conflicts with any term or provision specified in this Agreement, then such term or provision of this Agreement shall govern and shall supersede any such conflicting term or provision.

Examples of Operating Agreements and Plans in a sentence

• The Concessionaire shall promptly deliver to the Authority, at the sole cost and expense of the Concessionaire, forthwith after completion or execution and delivery, a copy of each item of the Operating Agreements and Plans.

• The Concessionaire shall promptly deliver to the City, at the sole cost and expense of the Concessionaire, forthwith after completion or execution and delivery, a copy of each item of the Operating Agreements and Plans.

• The Concessionaire covenants that it shall cause all of the right, title and interest of the Concessionaire in, to and under all Operating Agreements and Plans entered into or created after the Time of Closing to be collaterally assignable to the Government Parties for the purposes of this Section 3.14.

• The Government Parties acknowledges that the Operating Agreements and Plans may also be assigned as security to a Collateral Assignee and that each of the Government Parties and such Collateral Assignee shall be entitled to use the Operating Agreements and Plans in enforcing their respective security as hereinafter provided.

• The Authority acknowledges that the Operating Agreements and Plans may also be assigned as security to a Leasehold Mortgagee and that each of the Authority and such Leasehold Mortgagee shall be entitled to use the Operating Agreements and Plans in enforcing their respective security as hereinafter provided.

• The City acknowledges that the Operating Agreements and Plans may also be assigned as security to a Leasehold Mortgagee and that each of the City and such Leasehold Mortgagee shall be entitled to use the Operating Agreements and Plans in enforcing their respective security as hereinafter provided.

• The Concessionaire covenants that it shall use all reasonable efforts to cause all of the right, title and interest of the Concessionaire in, to and under all Operating Agreements and Plans entered into or created after the Time of Closing to be collaterally assignable to the City for the purposes of this Section 3.14.

• The City acknowledges that the Operating Agreements and Plans may also be assigned as security to a Collateral Assignee and that each of the City and such Collateral Assignee shall be entitled to use the Operating Agreements and Plans in enforcing their respective security as hereinafter provided.

• Parking Company shall promptly deliver to Metro, at the sole cost and expense of Parking Company, forthwith after completion or execution and delivery, a copy of each item of the Operating Agreements and Plans.

• The Operating Agreements and Plans to be assigned can also be assigned as security to a Leasehold Mortgage, provided that if the Leasehold Mortgagee is enforcing its security interest, the University shall not be entitled to use the Operating Agreements and Plans in enforcing its security.

More Definitions of Operating Agreements and Plans

Operating Agreements and Plans has the meaning ascribed thereto in Section 3.14. “Operating Expenses” means any and all operating expenses of the Metered Parking System Operations determined in accordance with generally accepted accounting principles, including: supplies, material and parts costs, employee salaries, employee benefits, costs of any interns and independent contractors, advertising, marketing and public relations costs and commissions, janitorial and cleaning expenses, data processing costs, the incremental costs of procuring, administering and maintaining the insurance required hereunder directly attributable to the Metered Parking System (including the costs of premiums and deductibles), amounts expended to procure and maintain permits and licenses, charges, Taxes to the extent required to be paid by the Concessionaire, excises, professional fees, printing and stationary costs, postage and freight costs, equipment rental costs, computer equipment leases and line charges, repair and maintenance costs, security expenses, snow and ice removal, the cost of employee uniforms, safety and medical expenses, exterminator and waste disposal costs, costs related to the maintenance of signage, inventory and systems, costs related to compliance with Laws and costs incurred under agreements, commitments, licenses and contracts executed in the Concessionaire’s name; provided that Operating Expenses shall not include (i) costs of compliance with the M./W.B.E. requirements imposed under this Agreement, (ii) expenses related to Concessionaire or Operator personnel based outside the City of Chicago, (iii) severance for Concessionaire or Operator employees, (iv) relocation expenses of Concessionaire or Operator employees, (v) Construction Contracts and (vi) any costs or expenses required to be paid by the City under the terms of this Agreement.