Initial Schedule. The Initial Schedule of Rates shall be in effect on the Closing Date. Prior to January 2016 the Concessionaire shall not revise the Schedule of Service Charges from the Initial Schedule of Rates in effect on the Closing Date, without the prior approval of such revisions by the City, which approval shall be at the sole discretion of the City, provided that no City approval shall be required for any revision of the Schedule of Service Charges established by the Concessionaire to fund or finance Major Capital Improvements as permitted by Section 7.1(f).
Appears in 2 contracts
Sources: Concession and Lease Agreement, Concession and Lease Agreement