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02-25-1998 Council Agenda
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02-25-1998 Council Agenda
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(b) The LCHS shall be dissolved, liquidated, wound up or otherwise discontinue its <br />operation; or <br />(c) The LCHS shall no longer need the space afforded it by the addition to the City <br />Center; or <br />(d) The LCHS shall fail to comply with or perform any of the terms, conditions, or <br />covenants of this Agreement or the Lease contemplated by this Agreement. <br />9. If an Event of Default, as defined in this Agreement, shall occur, the City, in addition <br />to any other remedies to which it might by law be entitled, shall have the right: <br />(a) To take possession of the space leased to the LCHS and use it in a manner <br />deemed most appropriate by the City; and <br />(b) To cancel this Agreement; and <br />(c) To perform such other acts or deeds which may be necessary to cure any default <br />existing under this Agreement; and <br />(d) To bring appropriate action to enforce such performance and the correction of <br />such failure, default, or Event of Default. <br />After the occurrence of an Event of Default, as defined herein, no reimbursement or payment <br />shall be made by the City to the LCHS: (a) for the addition to the City Center, or; (b) to repay <br />reimbursements made by the LCHS to the City, or (c) to repay any third party who has made <br />any payment or donation on behalf of the LCHS to the City. <br />10. This Agreement may not be assigned by the LCHS without the prior written consent <br />of the City. <br />11. The recital paragraphs herein are fully incorporated into the terms and conditions of <br />this Agreement. <br />4 Page 76 <br />
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