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13. The BOARD agrees to restrict the Catering Services provided at the MGCC to <br />CATERER and a maximum of fourteen (14) other approved food caterers, exclusively <br />for the food catered events held at the MGCC, except for events and Permit Holders <br />exempted by the BOARD, as determined by the MGCC Manager (herein <br />MGCC Manageror designee; <br />14. The BOARD shall set a guideline of requiring clients with bookings of the Banquet <br />Room for any number of people or a Divided Space with greater than 80 people for a <br />single booking to be required to use a food caterer. BOARD reserves the right to evaluate <br />the minimum annually thereafter, to make necessary adjustments to maintain and <br />promote reasonable food service accommodations for the Permit Holder; and. <br />15. BOARD shall have the ability to provide a Permit Holder light refreshments with <br />beverage and/or cake/cookie service to a Permit Holder. <br />SECTION 5 <br />FINANCIAL ARRANGEMENTS <br /> The BOARDCatering Services provided by <br />CATERER shall be based on the following formulas: <br />A. The CATERER shall be required to reimburse the BOARD a percentage of the revenues <br />generated through food service Commissionbased on the following formula <br />(heCommission Rate: <br />1. MGCC will receive 10% of all gross sales for food and non-alcoholic beverage service <br />scheduled Monday through Thursday and daytime rental (8am 5pm) on Fridays; <br />2. MGCC will receive 15% of all gross sales for food and non-alcoholic beverage service for all <br />day events scheduled on Friday evenings (5pm 1am), all day events scheduled on Fridays <br />(8am 1am), Saturdays, Sundays and Holidays <br />CATERER shall calculate the Commission Rate based on the gross sales excluding the sales tax <br />and service charges. <br />B. CATERER shall agree to follow regarding the Commission: <br />1. The collection of deposits and fees for all catering charges are the sole responsibility of <br />CATERER. Non-payment by a client to the CATERER for Catering Services rendered will <br />not negate payment of the Commission Rate revenue to the BOARD. <br />to a Permit Holder shall not show the Commission due to the BOARD. <br />2. The CATERER agrees to pay the BOARD the Commission based upon the final billing for <br />each Catered Event. The CATERER is responsible to provide one copy of the final billing for <br />each Catered Event in a given month to the Rental Coordinator within ten (10) business days <br />6 <br /> <br /> <br />