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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 :
- Current
vacancies and hire charges for respective suites as shown in Annex II, may be revised at any
time by the Government;
- 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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