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03-05-91 CCM
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03-05-91 CCM
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7. a) The Contractor will not make or create, or suffer to <br />be made or created, any total or partial sale, assign- <br />ment, conveyance, or lease, or any trust or power, or \. <br />transfer in any other mode or form of or with respect <br />to this Agreement or any part thereof or any interest <br />therein, or any contract or agreement to do any of the <br />same, without the prior written approval of the City, <br />which approval will not be unreasonably withheld. <br />b) The City shall be entitled to require, except as <br />otherwise provided in this Agreement, as conditions <br />to any such approval that: <br />1) Any proposed transferee shall have the qualifica- <br />tions and financial responsibility, as reasonably <br />determined by the City, necessary and adequate to <br />fulfill the obligations undertaken in this Agreement <br />by Contractor; and <br />2) The Transfer does not create an anti-trust situ- <br />ation in the local refuse hauling industry that is <br />contrary to the public interest of the residents of <br />Lake Elmo; and <br />3) Any proposed transferee, by instrument in writing <br />satifactory to the City for itself and their <br />successors and assigns, and expressly for the benefit <br />of the City, have expressly assumed all of the obliga- <br />tions of service under this Agreement and agreed to <br />be subject to all the conditions and restrictions to <br />which service is subject. It is the intent of this I <br />Section IV.E.8, together with other provisions of this <br />Agreement, that (to the fullest extent permitted by <br />law and equity and excepting only in the manner and <br />--to the -extent specifically provided -otherwise -in- this -- <br />Agreement) no transfer of, or change with respect to, <br />ownership or any part thereof, or any interest there- <br />in, however, consummated or occurring, whether volun- <br />tary or involuntary, shall operate, legally or prac- <br />tically, to deprive or limit the City of or with <br />repect to any rights or remedies or controls provided <br />in or resulting from this Agreement; and <br />4) There shall be submitted to the City for review <br />all instruments and other legal documents involved in <br />affecting such transfer, and if approved by the City, <br />its approval shall be indicated to the Contractor in <br />writing. The proposed transferee shall submit to the <br />City for review all bonds, insurance policies and any <br />and all other documents required by this Agreement, <br />and if approved by the City, its approval shall be <br />indicated to the proposed transferee in writing. <br />
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