1983-08-10 Workshop Meeting - Laserfiche WebLink

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• • -3- 7. Chamber does further agree to hold City harmless from any and all claims by third parties for any injuries, damage or liability occasioned by Chamber in connection with this agreement. 8. In is understood and agreed that this contract shall be ter- minated upon occurrence of any of the following events: (a) The giving of written notice by either party to the othe r party at least ninety (90) days prior to the date of termination; (b) The termination of the corporate existence of Chamber; (c) The insolvency of Chamber, the filing of a petition in bankruptcy, either by or against Chamber, or an assignment by Chamber for the benefit of creditors; (d) The breach by Chamber of any of the terms and conditions of this agreement and the continuation of such breach for a period of ten (10) days after written notice is given by City to Chamber of such breach; 9. In the event of the termination of this agreement as provided in Paragraph 8 hereof , Chamber shall submit to City a statement showing any expenses incurred by it for the present year in which said termi- nation takes place and City agrees to reimburse Chamber, to the extent that said monies are collected from the Hotel Occupancy Tax during that year, an amount equal to the lesser of the expenses incurred by the Chamber during that year or the amount of tax collected for that year. City also realizes that Chamber may have committed themselves to pay expenses for conventions that will occur after the termination of this agreement, and City agrees to reimburse the Chamber for such expenses up to the cumulative sum of $1, 000.00 from the Hotel Occupancy Tax. 10. Chamber shall not assign this contract without the written consent of City first obtained in writing.