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Home BoB Documents "No-Relocation" Agreement - MLB & the DCSEC

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"No-Relocation" Agreement - MLB & the DCSEC PDF Print E-mail
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Written by "No Relocation" Agreement   
Thursday, 08 December 2005 12:00

"No-Relocation" Agreement between MLB (Baseball Expos, LP) and the DCSEC


An Agreement between MLB (Baseball Expos, LP) and the DCSEC to not relocate the Washington Nationals from the District of Columbia for the duration of the Lease Agreement
Dec . 9, 2005
Format - PDF

NON-RELOCATION AGREEMENT

THIS NON-RELOCATION AGREEMENT is entered into as of __________, 2005, by and between the District of Columbia Sports and Entertainment Commission (the "Commission") and Baseball Expos, L.P. (the "Team").

RECITALS:

WHEREAS, Section 108(b) of the Act requires the RFK License and the Lease to include provisions requiring the Team to maintain its Franchise in the District of Columbia for the respective terms of such agreements and such other provisions and remedies necessary to ensure enforcement of such obligation, including provisions requiring the Team to directly pay, or to finance the reimbursement of the District Government or any other party, for any and all reasonable and verified predevelopment and development costs related to the Baseball Stadium borne by the District Government or any other District Government agency or instrumentality, and for any lost revenue that the District or any other party would have received if the Team had completed the term of the respective agreement; and

WHEREAS, the Team is obligated to maintain its Franchise at the Baseball Stadium in the District of Columbia under each and all of Sections 3.01 and 6.13 of the Baseball Stadium Agreement until the termination of the Baseball Stadium Agreement and Section 3.2 of the RFK License until the termination of the RFK License; and

WHEREAS, Section 6.13 of the Baseball Stadium Agreement requires that the Lease impose an obligation on the Team to maintain its Franchise at the Baseball Stadium in the District of Columbia for the Term of the Lease; and

WHEREAS, the Team and the Commission, as of the date hereof, have entered into the Lease as required under Section 6.01 of the Baseball Stadium Agreement; and

WHEREAS, the Team and the Commission desire to enter into this Agreement to effectuate the requirements of Section 108(b) of the Act and Section 6.13 of the Baseball Stadium Agreement; and

WHEREAS, the Commission was authorized to enter this Agreement by resolution of its governing body adopted on , 2005; and

WHEREAS, the Team was authorized to enter into this Agreement by resolution of the Board of Directors of its general partner adopted on _____, 2005.

NOW, THEREFORE, in consideration of the mutual covenants set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Commission and the Team agree as follows:

 
 
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