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paid directly to CONTRACTOR , to a subsidiary or affiliate of CONTRACTOR , or to a third <br /> party. Agency fees or any other fees , whether actually paid by CONTRACTOR or whether <br /> deducted from the amount of revenue received by CONTRACTOR shall not be deducted <br /> from gross advertising revenues . The gross revenues shall include any amount, the <br /> equivalent of which CONTRACTOR , a subsidiary or affiliate of CONTRACTOR , or a third <br /> party may have received from the advertiser in the form of materials , services , or other <br /> benefits , tangible or intangible . All agreements made by CONTRACTOR in connection with <br /> the display of advertising material on or in said buses shall provide that the U . S . <br /> Department of Transportation , the Comptroller General , COUNTY , or SRA shall have <br /> access to the books of account and records of all parties to such agreements for the <br /> purpose of ascertaining the correctness of gross advertising revenues . <br /> 2 . 03 CONTRACTOR agrees to use its best efforts to obtain the fair market value for the <br /> display of all advertising material . <br /> 2 . 04 CONTRACTOR agrees to include in all its contracts for the display of advertising <br /> material a standard provision requiring that should CONTRACTOR be held in default under <br /> this agreement , CONTRACTOR shall assign and transfer to the successor contractor all <br /> applicable contracts for advertising on GoLine/Community Coach items (i . e . , buses- <br /> (internal and external)) , and such contracts shall thereupon become the property of the <br /> successor contractor. <br /> 2 . 05 Compensation shall be sent to COUNTY monthly within fifteen ( 15) days after the end <br /> of the month except in the case of the last payment when compensation shall be paid within <br /> thirty (30) days after the termination , cancellation or expiration of this Contract . Each <br /> payment shall be based on the gross receipts for the month immediately preceding the date <br /> of payment , which will include the percentage of gross advertising revenue plus the <br /> minimum payment as identified in 2 . 01 . <br /> 2 . 06 Payments of compensation made by CONTRACTOR to COUNTY pursuant to the <br /> provisions of this Contract shall not be considered in any manner to be in the nature of a <br /> tax , but shall be in addition to all taxes of whatsoever kind or description which are now or <br /> which may thereafter be required to be paid by any ordinance or local law of Indian River <br /> County or any Municipality or City within COUNTY , or any law of the State of Florida or any <br /> law of the Federal Government of the United States . Payment of compensation shall be in <br /> addition to any permit fees required by law . <br /> 2 . 07 In the event CONTRACTOR fails to pay any of the monies required to be paid under <br /> this contract within thirty (30) days after same shall become due , interest at the rate of 1 . 5% <br /> per month , or eighteen percent ( 18%) per annum , shall accrue against the delinquent <br /> payment(s) from due date until same are paid . Implementation of this provision shall not <br /> preclude COUNTY from terminating this contract for default for nonpayment , or from <br /> enforcing any other provisions contained herein . <br /> 2 . 08 In the event a bus with non-removable exterior advertising is out-of-service for a period <br /> of ten �10) continuous operating days or longer, contractor will be notified in writing before <br /> the 12t day and the monthly fee shall be reduced proportional to the number of service <br /> days in which the bus was not operational . In the event a reduction is due in the last month . <br /> of the contract, COUNTY will issue a refund . <br /> F :\Community Development\Users\MPO\Transit\Advertising\Transit Advertising Contract Final.doc 11 <br />