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ACOSTA ASSOCIATES 2 - 2005
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ACOSTA ASSOCIATES 2 - 2005
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Last modified
10/13/2015 2:36:50 PM
Creation date
4/4/2006 2:31:00 PM
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Contracts
Company Name
Acosta Associates
Contract #
A-2005-013
Agency
Parks, Recreation, & Community Services
Council Approval Date
1/18/2005
Expiration Date
8/20/2006
Insurance Exp Date
2/11/2007
Destruction Year
2012
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reasonably be completed within sixty (60) days from the date of the damage, destruction or <br />condemnation. This License Agreement will become null and void. <br />(b) In the event of condemnation, unless Licensee is allowed by the condemning authority to <br />continue its operations in the License Area, this Agreement shall terminate as of the date <br />title to the Property vests in the condemning authority or Licensee is required to cease its <br />operations, whichever is earlier. If any property described herein or hereinafter added <br />hereto is taken in eminent domain, the entire award shall be paid to Licensor. <br />Section 5.02 Termination <br />(a) This Agreement may be terminated on thirty (30) days prior written notice as follows: <br />(1) by either party upon a default of any covenant or term hereof by the other party, <br />which default is not cured within sixty (60) days of receipt of written notice of default, <br />provided that the grace period for any monetary default is ten (10) days from receipt of <br />notice, or (2) by Licensee if Licensee is unable to occupy and utilize the License Area <br />due to any action of thehiterstate Commerce Commission or the Department of <br />Transportation. <br />(b) Licensor shall have at its sole discretion the option of terminating this Agreement if <br />Licensee loses its license to provide Bus transportation services for any reason, <br />including, but not limited to, nonrenewal, cancellation, or expiration of its license. <br />Consultant shall notify the City immediately and in writing of her inability to obtain or <br />maintain such permits, licenses, approvals, waivers, and exemptions. Said inability <br />shall be cause for termination of this Agreement. <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 Licensee will <br />not assign, transfer or sell this Agreement or any privilege hereunder in whole or in part, and any <br />attempt to do so will be void and confer no right upon any third party. <br />Section 6.02 Abandonment by Licensee <br />Should Licensee breach this Agreement and abandon the License Area prior to the expiration of the <br />Term or Renewal Term, Licensor may: <br />(a) Continue this License in effect by not terminating Licensee's right to the License Area, <br />in which event Licensor shall be entitled to enforce all of its rights and remedies under <br />this Agreement, including the right to recover the compensation /consideration specified <br />in this Agreement as it becomes due under this Agreement; or <br />(b) Terminate this Agreement and recover from Licensee: <br />25 <br />
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