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2014-060
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Last modified
3/13/2017 11:36:46 AM
Creation date
10/1/2015 6:05:13 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/06/2014
Control Number
2014-060
Agenda Item Number
8.H.
Entity Name
Wal-Mart Stores East, LP
Subject
Go-Line Bus Shelter
Transit Station License Agreement
Area
Walmart Store
Supplemental fields
SmeadsoftID
13131
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METRO Transit Station License Agreement <br />Licensor is required by federal, state, or local law ordinance, order etc to make any improvements, <br />changes or alterations ("Improvements") to the property on which Store/Club #931 is located, in <br />order to comply with such laws, such collateral Improvements shall be the responsibility of Licensee <br />All costs associated with such collateral Improvements shall be borne by Licensee. <br />Section 3 - Term. This Agreement shall commence on the date included in the introductory <br />paragraph of this Agreement (the "Date of Commencement") and, unless extended by the <br />undersigned, shall terminate on the earlier of: (i) three (3) years from the Date of commencement or <br />(ii) thirty (30) days after notice is given by either party of the desire to terminate the Agreement. At <br />the time this Agreement is terminated, Licensee shall remove the Transit Station and all of the <br />Licensee equipment at the Transit Site and upon removal of the Transit Station, Licensee shall <br />return the Transit Site to substantially the condition existing prior to the installation of the Transit <br />Station. <br />,Section 4 - Effective Date. This Agreement shall become effective upon being executed by <br />the parties hereto and shall remain in full force and effect until such time as either party terminates <br />this Agreement as provided in Section 3 hereof. <br />,Section 5 - Damage to the Transit Station. Licensee shall be responsible for day-to-day <br />normal and customary maintenance of the Transit Site and the Transit Station, and every part thereof, <br />including, but not limited to, washing the Transit Station from time to time and picking up trash on <br />the Transit Station on a regular basis. Licensee shall be responsible for heavy maintenance, <br />including, but not limited to painting, removal of graffiti and concrete repair, as well as the repair of <br />any damage to the Transit Station caused by Licensee and its agents. Such repair will be commenced <br />within three (3) days after Licensee is notified by WAL-MART, in writing, of such damage. If <br />Licensee shall fail to maintain the Transit Station in a clean manner, Wal-Mart shall have the right to <br />clean the Transit Station after three (3) days written notice to Licensee. Licensor shall then be <br />permitted to invoice Licensee for all costs incurred and to add a 15% administrative fee to such costs. <br />Section 6 - Advertising. Licensee may place or permit placement of any advertising <br />materials or public notices similar to those customarily placed on or in transit stations within the <br />Licensee system on the exterior or interior of the Transit Station or on the Transit Site. Licensee <br />shall have the right to retain all amounts generated by such advertising. Licensee shall not place or <br />allow advertising of any nature, including signage in or around the Station which would either (i) <br />promote or encourage the use of products legally prohibited to minors, such as tobacco products, <br />alcohol or adult entertainment of any type, or (ii) promote or encourage major competitors to Wal- <br />Mart. Wal-Mart retains the right to demand that Licensee remove any advertisement for any reason <br />without liability for contractual obligations of the Licensee that are related to the advertisement. <br />Such demand may be written or verbal and may be made with 24 hours notice. <br />Section 7 - Security. WAL-MART shall not be responsible for providing security for the <br />Transit Site or for any persons using the Transit Station <br />Section 8 - No Partnershiq. Nothing contained herein shall be deemed or construed by the <br />parties hereto, nor by any third party, as creating the relationship of principal and agent or of <br />Page 2 of 5 <br />
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