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<br />e <br /> <br />e <br /> <br />The insolvency of Chamber, the fuing of a petition in bankruptcy, <br />either by or against Chamber, or an assignment by Chamber for the <br />benefit of creditors; <br />(d) The breach by Chamber of any of the terms and conditions of this <br />agreement and the continuation of such breach for a period of ten (10) <br />days after written notice is given by City to Chamber of such breach; <br /> <br />SECTION XIII. <br /> <br />In the event of the termination of this agreement as provided in Section XII hereof, <br />Chamber shall submit to City a statement showing any expenses incurred by it for the <br />present year in which said termination takes place and City agrees to reimburse <br />Chamber, to the extent that said monies are collected from the Hotel Occupancy Tax <br />during that year, an amount equal to the lesser of the expenses incurred by the <br />Chamber during that year or the amount of tax collected for that year. City also <br />realizes that Chamber may have committed themselves to pay expenses for <br />conventions that will occur after the termination of this agreement, and City agrees <br />to reimburse the Chamber for such expenses up to the cwnulative sum of $1,000.00 <br />from the Hotel Occupancy Tax. <br /> <br />SECTION XIV. <br /> <br />This contract is not assignable. <br /> <br />SECTION XV. <br /> <br />Any notice required to be given under the tenns and provisions of this agreement shall <br />be effective if and when given in writing and deposited in the United States Mail, <br />certified or registered mail, return receipt requested, on the date so deposited and <br />addressed to the respective parties as follows: <br /> <br />City Manager <br />City of La Porte <br />P.O. Box 1115 <br />La Porte, Texas 77572-1115 <br /> <br />Executive Vice-President <br />La Porte - Bayshore Chamber of Commerce <br />P.O. Box 996 <br />La Porte, Texas 77572-0996 <br /> <br />- 4 - <br />