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O ENTERTAINMENT, INC. 2
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O ENTERTAINMENT, INC. 2
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Entry Properties
Last modified
8/23/2021 2:28:08 PM
Creation date
9/29/2005 5:05:20 PM
Metadata
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Contracts
Company Name
O Entertainment
Contract #
A-2005-015
Agency
Parks, Recreation, & Community Services
Council Approval Date
1/18/2005
Expiration Date
2/1/2006
Insurance Exp Date
5/25/2008
Destruction Year
2009
Notes
Amended by A-2005-015-01, -02
Document Relationships
O ENTERTAINMENT, INC. 2A
(Amended By)
Path:
\Contracts / Agreements\ INACTIVE CONTRACTS (Originals Destroyed)\O (INACTIVE)
O ENTERTAINMENT, INC. 2B
(Amended By)
Path:
\Contracts / Agreements\ INACTIVE CONTRACTS (Originals Destroyed)\O (INACTIVE)
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(b) In the event of condemnation, unless Licensee is allowed by the condemning <br />authority to continue its operations in the License Area, this Agreement shall <br />terminate as of the date title to the Property vests in the condemning <br />authority or Licensee is required to cease its operations, whichever is earlier. <br />If any property described herein or hereinafter added hereto is taken in <br />eminent domain, the entire award shall be paid to Licensor. <br />Section 5.02 Termination <br />This Agreement may be terminated on thirty (30) days prior written notice as <br />follows: (1) by either party upon a default of any covenant or term hereof <br />by the other party, which default is not cured within sixty (60) days of <br />receipt of written notice of default, provided that the grace period for any <br />monetary default is ten (10) days from receipt of notice, or (2) by Licensee <br />if Licensee is unable to occupy and utilize the License Area due to a <br />failure to obtain and/or ,maintain any federal, state county or city licensing <br />requirement(s). <br />ARTICLE 6 — ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY <br />Section 6.01 Assignment <br />Licensee may not assign this Agreement. This Agreement is personal to Licensee, and <br />Licensee will not assign, transfer or sell this Agreement or any privilege hereunder in <br />whole or in part, and any attempt to do so will be void and confer no right upon any third <br />party. <br />Section 6.02 Abandonment by Licensee <br />Should Licensee breach this Agreement and abandon the License Area prior to the <br />expiration of the Term or Renewal Term, Licensor may: <br />(a) Continue this License in effect by not terminating Licensee's right to the <br />License Area, in which event Licensor shall be entitled to enforce all of its <br />rights and remedies under this Agreement, including the right to recover <br />the compensation/consideration specified in this Agreement as it becomes <br />due under this Agreement; or <br />(b) Terminate this Agreement and recover from Licensee: <br />The worth at the time of award of the unpaid compensation which has <br />been earned or the sum of one (1) year's compensation, whichever is <br />greater, at the time of termination of the Agreement; or <br />2. The worth at the time of award of the amount by which the unpaid <br />compensation which would have been earned after termination of the <br />Agreement until the time of award exceeds the amount of <br />compensation loss that Licensee proves could have been reasonably <br />avoided; or <br />
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