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If this Agreement is terminated before Operator receives reimbursement in full for any Operating Expenses actually paid by Operator, Owner will reimburse Operator for such approved Operating Expenses as a condition of termination. D. The total amount of compensation paid by Ownerto Operator during the Term of the Agreement, including any possible Management Fee Adjustments or Operating Expenses Reimbursements as detailed herein, shall not exceed Thirteen Million Three Hundred and Twenty -Six Thousand and Seven Hundred and Eighty Five Dollars ($13,326,785.00). E. On a monthly basis, Operator shall use the parking revenue generated to collect its Management Fee and Operating Expenses Reimbursements. Operator shall then submit payments to Owner for the remaining net income generated on a monthly basis. Operator shall also provide monthly reports and supporting documentation to Owner reflecting gross revenues collected by Operator and total operating expenses incurred by Operator. F. If Operator's expenses exceed the income generated for any given month, Operator shall submit an invoice to Owner for the difference. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. Payment need not be made for that which fails to meet the standards of performance that may be reasonably expected by City. VII EMPLOYEES. AGENTS, AND SUBCONTRACTORS OF OPERATOR A. Parking Facilities Personnel and Hourly Rates. 1. Owner will compensate Operator for key personnel and staff initially based on the fully burdened hourly rates included in Form C (Staffing Schedule) during the first twelve months of the Base Period, subject to reasonable and mutually agreed upon cost -of -living increases over the remaining course of the agreement as approved, in writing, by Owner. 2. Hourly rates for staff represent an averagerate. B. Operator will provide in each Monthly Statement a schedule of employee positions to be employed on -site in the direct management of the Parking Facilities. The staffing schedule will include the employee's name, lot/position scheduled at, days/hours scheduled, job titles, hourly wage rates, and salaries. C. Any employee hired by Operator will be subject to and must pass a background check administered by Operator. D. Operator will at all times be solely responsible for the acts and omissions of all employees, agents, and other persons under its control performing any of the Parking Services. Operator will at all times maintain strict discipline among its employees and will not employ any person lacking the requisite skills for the particular assignment. Page 9