5. - 11. ICESR 08-06-2002 - Laserfiche WebLink

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• 5. The City shall retain adequate insurance on all scoreboards. The City agrees to maintain and service the scoreboards for the duration of this Agreement. The arena retains the right to purchase the remaining porton of the scoreboards at anytime during the contract period at the prices indicated on the schedule below. At the end of the seven (7) year period, the $3,000 balance will be forgiven and scoreboards will become the property of the arena if all agreements are met. 1996 $17,000 1997 $15,000 1998 $13,000 1999 $11,000 2000 $ 9,000 2001 $ 7,000 2002 $ 5,000 2003 $ 3,000 6. Bernick agrees to furnish City with: — Two (2) large clocks — Three (3) smaller clocks — $2,500 yearly for advertising 7. Bernick will rebate City $375 per year for using 100% 20 oz. bottles. 8. Price and commissions will be as follows: All Sport 20 oz. $11.80 20 oz. Bottle $14.00 Candy/Snack - 20% Commission Juice $12.00 Klarbrunn Water .5 liter $ 7.65 Premix $10.00 + deposit Pricing is guaranteed until 1999. At that time prices will be tied to the CPI (Consumer Price Index) and will not exceed a 5% increase. 1999 pricing will be in effect for the duration of the contract. 9. City agrees to feature 20 oz. vendors in its soft drink vending placements. 10. This Agreement constitutes the entire agreement between the parties hereto, and shall be binding upon their heirs, executors, administrators, legal representatives, successors, and assigns. This Agreement may not be altered or amended in any manner except in writing signed by both parties. No forbearance to exercise any right or privileges under this Agreement or waiver of any breach of any of its terms shall be construed as a waiver of any such terms, rights or privileges, but the same shall continue and remain full force and act the same as if no such forbearance or waiver had occurred. I I. This agreement shall be interpreted under and governed by the laws of the State of Minnesota. If any provisions hereof or the application of any provision to any person or circumstance is held invalid or unenforceable, the remainder hereof and the application of provision to other persons or circumstances shall remain valid and enforceable.