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APPROVED 17!05/05 <br />"Capital Equipment" -any and all furniture, fixtures, machinery or equipment, <br />either additional or replacement, having a per item original cost of $5,000 or more and an <br />expected useful life or mare than one year. <br />"Capital Improvements" -any and all building additions, alterations, renovations, <br />repairs or improvements that have an initial dollar cost of not less than $20,000 per project. <br />"County" - as defined in the first paragraph of this Agreement. <br />"Contract Administrator" -the designated administrative official of County (as of <br />the date hereof, the County Manager) as from time to rime appointed by County, or such <br />individual person(s) as may from time to time be authorized in writing by such administrative <br />official to act for him/her with respect to any or all matters pertaining to this Agreement. <br />"Employment Period" -for the Employees (as defined in Section 7.2), the period <br />beginning on the closing date and ending three months thereafter. <br />"Event Expenses" -any and all expenses incurred or payments made by RFP in <br />connection with the occurrence of events at the Facility, including but not limited to costs for <br />event staffing including ushers, ticket takers, security and other event staff, and costs relating to <br />setup and cleanup. <br />"Facility" - as defined in the first paragraph of the Background section of this <br />Agreement: <br />"Facility Policy Manual" -the policy manual provided by RFP to the County, and <br />updated from time to rime, containing certain operating and employment policies customarily <br />utilized by RFP in connection with the management of a public assembly facility such as the <br />Facility. <br />"Fiscal Year" - a one year period beginning July 1 and ending June 30. <br />"Laws" -all federal, state, local and municipal regulations, ordinances, statutes, <br />rules, laws and constitutional provisions. <br />"Losses" -any and all losses, liabilities, claims, damages and expenses {including <br />reasonable attorneys fees and costs). <br />"Management Term" - as defined in Section 3.2 hereof. <br />"Net Operating LosslProfit" -with respect to a Fiscal Year, the excess, if any, of <br />Operating Expenses for such Fiscal Year over Operating Revenues to such Fiscal Year, in the <br />case of a ]oss, and the excess, if any, of Operating Revenues for such Fiscal Year over Operating <br />Expenses for such Fiscal Year, in the case of a profit. <br />