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<br /> V.J.. ';'v."ij I .i,""1.";';; r.'1..lo. 10<)00<1<1 .'".... .f::.J V.i-" U.i-:l: <br />- .-----. <br />- <br />- <br /> provision for at least 400 temporary seats which are available for use at anyone of the rinks. In <br />-. addirion, the design will provide adequately for equipment, locker rooms, concessions and toilet <br /> areas and all other space and equipment reasonably necessary for rhe operation of the facility. <br />I <br /> Each party shall have at leasr 30 days to review the proposed design. After this 30 day review <br /> period, MASC may demand p~yment of the first part ofrhe DOWN PAYMENT, porrion of the <br />I financing. Payment of the fifS( p:m of the DOWN PAYMENT means that the proposed design is <br /> accepted by that party. Failure to pay within 30 days afrer the demand means tha, me party failing <br /> to pay has withdrawn from this agreement and mi.> agreemenr shall be void as to all parties. <br />I If the required DOWN PAYMENTS are made. MASC will cause the facility to be <br /> COnstrL.lcted substantially in accordance with the proposed design. <br />I After design approval, any substantial modifications nor increasing ,he overall CO" of the <br /> facility by more than $50,000 may be made by a majority vote of the Joint Board_ <br />. After design approval any sub"amial modificarions [Q the design which increases the overall <br /> CO" of the facility by more than $50,000 may be made only after a unanimous vote of the Joint <br /> Board. <br />I V. EXPANSION <br /> MASC shall have the right to e"pand the number of ice sheers on irs property beyond four <br /> provided th.r: <br />I If such expansion is physically connected to this facility all parries shall have pro rata right of <br /> first refusal to purchase additional scheduling and programming rights on sllch <<rIDS and condirions <br />.. as are offered by MASC. <br /> Exception: It is coruemplatod that MASC in connection with financing the construcrion of <br />I this facility, may make certain covenants to Anok. County in connection wirh the operation of <br /> Columbia Ice Arena. In such case, MASC shall be permitted to fulfill its covenants as a priority over <br /> rights granted by this poragr.ph. <br />I VI. DEFAULTS AND FAILURES TO PERFORM <br /> If any party defaults on any of its obligations under this agreement and such default <br /> continues for a period in excess of 30 days aftcr written notice is mailed (Q such party, rhe other <br />I parries shall have right of first refusal on all of the defaulring party's asscts. liabilities, rights and <br /> obligations in conne"rion with the facility and rhis agreement, under sueh terms conditions and <br /> procedure as are derermined by rho agreement, under such terms conditions and procedures as ar" <br />. determined by the Joim Board. If no other party assumes the assets. liabilities, righes and obligations <br /> of the defauhing party, MASC may dispose of them ins such manner as ir sees fiL <br /> If any party except the MASC fails to perform an obligation required under this agreement, <br />. all parties agree that MASC may pursue any appropriare remedies On behalf of all parties including <br /> lirigation in a court of competem jurisdiction. If MASC fails to perform any obligation, the board, <br /> by majority affirmarive vote may pursue appropriare remedics on behalf of all parties. <br />I VII. ADDITIONAL AGREEMENTS <br /> The MANS Subdivisions may emer into agreements among one another nor inconsi.>rent <br /> wi th this agreem"nt. <br />I <br />~ 11 <br />I <br />