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