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FULL PACKET_2012-11-19
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FULL PACKET_2012-11-19
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4/6/2017 4:32:19 PM
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11/15/2012 6:14:03 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Date
11/19/2012
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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 la <br />action under any present or future solvency law or st <br />filed against the Operator and shall not be dismissed <br />(30) days after the filing thereof. <br />11. By or pursuant to, or under authori <br />resolution or rule of any order or di <br />governmental board, agency or offs <br />receiver, trustee, or liquidator shall <br />or substantially all of the property <br />possession or control shall continue <br />(30) days. <br />12. Cessation or deterioration of,servic <br />opinion of the City, materially and <br />the tibiic service required to be ne <br />13 <br />1 <br />its <br />ilit <br />not <br />Ntirisdictioi <br />,ssion or co <br />rator and su <br />for a period <br />all <br />which in !he . <br />Affects operationof <br />y the Operator i` er <br />because of any act or <br />within thirty,-(30) <br />rt, vacate or <br />-in authorized in the <br />g provisions of this Section, the City shall <br />6rminate acid cancel this Agreement and take <br />ilities within the Parking Facilities, either by <br />its choice, if Parking Facilities should <br />rator being unable for any reason whatsoever, <br />iel necessary to keep the Parking Facilities <br />, but not limited to, delays caused by work <br />the City shall so elect to terminate this Agreement, then the City <br />n the Operator: <br />(a) Any amount necessary to compensate the City for the detriment proximately <br />caused by the Operator's failure to perform its obligations under this <br />Agreement or which in the ordinary course of business would be likely to <br />result there from, including, but not limited to, the cost of recovering <br />possession of the Parking Facilities, including necessary repair, renovation <br />24 <br />25D -54 <br />
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