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PARKING CONCEPTS INC. OF LOS ANGELES 1 - 2007
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PARKING CONCEPTS INC. OF LOS ANGELES 1 - 2007
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Last modified
7/7/2016 1:00:19 PM
Creation date
1/28/2008 9:11:12 AM
Metadata
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Template:
Contracts
Company Name
PARKING CONCEPTS INC. OF LOS ANGELES
Contract #
A-2007-253
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
12/3/2007
Expiration Date
1/1/2010
Insurance Exp Date
6/1/2008
Destruction Year
2018
Notes
Amended by A-2007-253-001, A-2010-226, -01, A-2011-259, A-2012-227, N-2013-027
Document Relationships
PARKING CONCEPTS INC. OF LOS ANGELES 1A - 2009
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
PARKING CONCEPTS INC. OF LOS ANGELES 1B - 2010
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
PARKING CONCEPTS INC. OF LOS ANGELES 1C - 2010
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
PARKING CONCEPTS INC. OF LOS ANGELES 1D - 2011
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
PARKING CONCEPTS INC. OF LOS ANGELES 1E - 2012
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
PARKING CONCEPTS INC. OF LOS ANGELES 1F - 2013
(Amended By)
Path:
\Contracts / Agreements\_PENDING FOLDER\READY TO DESTROY IN 2018
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other process of such court is not vacated, dismissed, or set aside <br />within a period of thirty (30) days. <br />8. The Operator shall become insolvent, or shall take the benefit of <br />any present or future insolvency statute, or shall make a general <br />assignment for the benefit of creditors, or file a voluntary petition <br />in bankruptcy, or a petition or answer seeking an arrangement for <br />its reorganization, or the readjustment of its indebtedness under the <br />federal bankruptcy laws or under any other laws or statute of the <br />United States, or of any state law, or consent to the appointment of <br />a receiver, trustee or liquidator of all or substantially all of its <br />property. <br />9. By order or decree of a court the Operator shall be adjudged <br />bankrupt, or an order shall be made approving a petition filed by <br />any of the creditors, or by any of the stockholders of the Operator <br />seeking its reorganization or the readjustments of its indebtedness <br />under the federal bankruptcy laws, or under law or statute of the <br />United States, or any state thereof. <br />10. A petition under any part of the federal bankruptcy laws, or an <br />action under any present or future solvency law or statute shall be <br />filed against the Operator and shall not be dismissed within thirty <br />(30) days after the filing thereof. <br />11. By or pursuant to, or under authority of any legislative act, <br />resolution or rule of any order or decree of any court, <br />governmental board, agency or officer having jurisdiction, a <br />receiver, trustee, or liquidator shall take possession or control of all <br />or substantially all of the property of the Operator and such <br />possession or control shall continue in effect for a period of thirty <br />(30) days. <br />12. Cessation or deterioration of service for a period, which in the <br />opinion of the City, materially and adversely affects operation of <br />the public service required to be performed by the Operator under <br />this Agreement. <br />13. Any lien is filed against the Parking Facilities because of any act or <br />omission of the Operator and is not removed within thirty (30) <br />days. <br />14. The Operator shall voluntarily abandon, desert, vacate or <br />discontinue its operations of the business herein authorized in the <br />Parking Facilities. <br />25 <br />
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