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(a)
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Application for
the hire of suites from the corporate client (the applicant) will be
processed by the Stadium management on a first-come-first-served basis
according to the date of receipt of the application. The commencement of
the hire term shall normally be effected three months after the date of
application.
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(b)
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The completed
application form (see Annex I) together with a covering
letter should be returned to the Stadium management by post or by facsimile.
Date of receipt will be stamped on the application. The date on which the
Stadium management receives the postal applications will be regarded as
the official date of receipt. Acknowledgement of receipt will be issued
to applicants.
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(c)
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Applicant should note and accept the following
conditions for the hire of suites :
- The terms and
conditions contained in the standard Executive Suite Agreement;
- Existing
suite holders who wish to continually hire their current suites upon
the expiry of the agreements will be given priority;
- The term of
hire are for one year, two years or three years respectively;
- Application
with earlier hire commencement date, and / or longer hire period
that can generate the greatest revenue for the Government, will be
given priority;
- Full payment
of the suite hire charge shall be made by the suite holder upon the
signing of Executive Suite Agreement for one-year hire term. Full
payment or annual installment are accepted for two-year and
three-year hire terms. Payment of hire charge by annual installment
should be made at least one month before the commencement of the
next annual term;
- Full payment
of the contract deposit (equivalent to two months’ rental) shall be
made by the suite holder upon the signing of Executive Suite
Agreement;
- The hire of suite
will be made on the existing conditions of the suite, including its
fixtures and fittings; and
- No provision
for renewal of the hire will be provided in the Executive Suite
Agreement.
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(d)
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In case of competing offers are received on the same
date for the hire of the same suite and the same period, an internal
ballot by the Stadium management will be arranged to determine the
successful bidder. The applicants concerned will be invited to witness
the ballot to enhance transparency;
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(e)
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Upon acceptance of the application and after
completion of all the hiring formalities, including the signing of the
Executive Suite Agreement and the full payment of the suite hire charge
as required by the Government, the suite will be handed over to the applicant
on the first day the period of hire commenced; and
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(f)
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The Government is not obliged to accept any
application even if the applicant undertakes to accept all the hire
conditions listed above.
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Note - Long term hire of suites will normally be
accorded higher priority over event day hiring. However, applicants
should note that event hirers of the Stadium would be given priority in
the hire of suites during the event. Depending on the nature of the event,
the allocation of suite to event hirer will normally be completed four to
six months before the event day. Therefore, the suite already allocated
to event hirer will be released for long term hire only after the event.
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