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01-10-13
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ARTICLE IX-TERMINATION <br /> This Agreement may be terminated prior to the expiration of the initial term or of any renewal term,as the case <br /> may be,on the following terms and conditions, it being understood and agreed,however,that termination shall <br /> relieve neither City nor Manager from liabilities or claims accruing and arising up to and including the date of <br /> termination: <br /> (a) City shall have the right to terminate this Agreement in the event that Manager fails to keep, <br /> observe or perform any covenant,agreement,term or provision of this Agreement,to be kept, <br /> observed,or performed by Manager,and such failure continues for a period of thirty(30)days after <br /> written notice thereof by City to Manager. <br /> (b) In the event that the Property is leased or sold to a party which is not affiliated with City,City <br /> shall have the right to terminate this Agreement as it applies to the Property so sold with thirty(30) <br /> days' prior written notice to Manager. <br /> (c) City shall have the right to terminate this Agreement if a petition for bankruptcy,reorganization <br /> or rearrangement is filed under any federal or state bankruptcy or insolvency laws by Manager,or <br /> if any such petition is filed against Manager and not removed or discharged within sixty(60)days <br /> thereafter. <br /> (d) Manager shall have the right to terminate this Agreement in the event City fails to keep observe <br /> or perform any covenant,agreement,term or provision of this Agreement to be kept observed,or <br /> performed by City and such failure continues for a period of thirty(30)days after written notice <br /> thereof by Manager to City,or if City materially fails to comply with any law,regulation or <br /> ordinance relating to or affecting City's ownership of the Property. <br /> (e) If any building on the Property is destroyed and City, for any reason,elects not to rebuild the <br /> building,then this Agreement shall terminate as to such building as of the date of notice to <br /> Manager that City has elected not to rebuild the building after such destruction. <br /> (f) In the event there is a condemnation of all or any substantial part of any Property,then this <br /> Agreement shall automatically terminate as to such Property as of the date of such taking. <br /> (g) This Agreement may be terminated with thirty(30)days advance written notice by either party. <br /> ARTICLE X-MISCELLANEOUS <br /> 10.1 Status of Manager. It is the intention of the parties to create a relationship wherein Manager is an <br /> independent contractor in the management, operation and maintenance of the Property. Nothing herein <br /> contained shall be construed as creating the relationship of employer-employee or establishing any <br /> partnership or joint venture arrangement between City and Manager. <br /> 10.2 Notices. Any statement,notice,recommendation,request,demand, consent or approval under this <br /> Agreement must be in writing and personally delivered or sent by overnight courier service,or sent by <br /> United States registered or certified mail,postage prepaid,return receipt requested,and shall be deemed to <br /> have been given upon the date of personal delivery or the next business day following deposit with an <br /> overnight courier or five days after deposit in the United States mail,provided that in the case of <br /> communications sent by overnight courier service or United States registered or certified mail,the <br /> communication is addressed as set forth in Section 1.4 if sent to the City and as set forth in Section 1.5 if <br /> sent to Manager. Either party may,by written notice,designate a different address. <br /> Page 6 of 8 <br />
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