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.?1. . :.?.a. <br /> <br />Payment Schedule <br />3.02 The Vendor shall make compensation payments to the Ciry in weekly installments. <br />Each weekly payment shall be due and payable on Monday no later than by 4:00 p.m., for all <br />sales made during the immediately preceding one week (Monday through Sunday) period. If <br />Vendor fails to make a timely compensation payment to the City, the City shall be entitled to <br />chazge Vendor a late fee of five percent (5 %) of the payment due the City. <br />Auditing and Reporting Procedures <br />3.03 The City reserves the right to conduct random audits of sales receipts and reporting <br />procedures to ensure that Vendor utilizes appropriate bookkeeping and accounting practices, <br />and that compensation payments accurately reflect sales made. Vendor shall report and <br />receipt all sales upon forms which have been approved by the Parks and Recreation <br />Commissioner. <br />ARTICLE FOUR. ADDITIONAL OBLIGATIONS <br />Use of Premises <br />4.01 The Vendor shall use and occupy the City's premises in a safe and lawful manner, shall <br />comply with all laws, ordinances, and rules and regulations in force within the City of North <br />Olmsted, Ohio, and all special rules and regulations relating to the use of the premises, and <br />shall use, or permit the use of, the premises only for the purposes herein provided. <br />4.02 The Vendor shall not do any act or suffer any act to be done, during the term of use <br />under this contract, which will in any way mar, deface, injure, or damage any part of the <br />premises; and upon termination of this agreement Vendor shall deliver up to Owner all of the <br />premises in as good condition and repair as the same shall have been at the beginning of said <br />Agreement, ordinary wear and tear excepted. Damages caused to the premises, facilities <br />and/or equipment therein as determined by the Parks and Recreation Commissioner shall be <br />paid in full by the Vendor. <br />Indemnification <br />4.03 Vendor shall indemnify and save the City harmless from any and all damages, loss or <br />liability of any kind whatsoever occasioned upon the premises, or premises adjacent thereto, <br />by reason of any injury to person or property occasioned by any act or omission, neglect or <br />3