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2016.05.16 CC Packet
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2016.05.16 CC Packet
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City Council
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Agenda/Packets
Meeting Date
5/16/2016
Meeting Type
Regular
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operation at Capacity within twelve (12) months following an event of Force Majeure causing <br />damage to the Facility, Subscriber shall have the right to terminate this Agreement by giving <br />ANCSGI at least sixty (50) days prior notice of its intent to terminate based on such failure(s). <br />Any such notice of termination shall be given within three (3) months of such failure(s). In the <br />event of termination pursuant to this Section 11(b), ANCSGI shall pay to Subscriber, as <br />liquidated damages, one cent ($.01) for each Credit expected to have been allocated to <br />Subscriber for the six month period following the expiration of such twelve (12) month period. <br />C. In the event (i) the CSG Contract is terminated based on ANCSGI's <br />breach thereof or (ii) ANCSGI materially breaches its obligations of performance in this <br />Agreement and such breach is not cured within thirty (30) days after ANCSGI receives written <br />notice of such breach from Subscriber (provided, however, that if such breach is not capable of <br />being cured within such thirty -day period and ANCSGI has commenced and diligently <br />continued actions to cure such breach within such thirty -day period, the cure period shall be <br />extended to 180 days, so long as ANCSGI is making diligent efforts to do so), then Subscriber <br />may terminate this Agreement as provided in this Section 11. In the event of a termination by <br />Subscriber described in the preceding sentence, ANCSGI shall pay to Subscriber, as liquidated <br />damages, one cent ($.01) for each Credit expected to have been allocated to Subscriber for the <br />calendar year following termination according to the Schedule of Expected Deliveries, Exhibit B. <br />d. The Parties agree that actual damages in the event of termination of this <br />Agreement as specified in Sections 11(b) and 11(c), would be difficult to calculate and that the <br />liquidated damages specified herein are a reasonable approximation of such actual damages. <br />12. Assignment. No Party shall assign or in any manner transfer this Agreement or <br />any part thereof except in connection with (a) Subscriber's assignment to a party approved in <br />advance by ANCSGI, with such approval not unreasonably withheld, on the bases of (i) <br />creditworthiness, (ii) the party's eligibility under the Solar Rewards Community Program, (iii) <br />Subscriber's payment to ANCSGI of seven hundred fifty dollars ($750) to cover ANCSGI's <br />administrative expenses associated with the transfer (the "Transfer Fee") and (iv) other factors <br />evidencing an increase in a material risk of a breach of this Agreement, (b) ANCSGI's <br />assignment of this Agreement to any Affiliate that owns or, by long-term lease, controls the <br />Facility, provided that such Affiliate has the same or better credit strength and has agreed in <br />writing to recognize Subscriber's rights under this Agreement and to not disturb any of <br />Subscriber's rights hereunder; (c) ANCSGI's collateral assignment of this Agreement to any <br />financial institution that provides financing for the Facility (including a financial institution that <br />enters into a sale/leaseback transaction with respect to the Facility) that has agreed in writing to <br />recognize Subscriber's rights under this Agreement and to not disturb any of Subscriber's rights <br />hereunder upon the foreclosure or conveyance in lieu thereof, and, in connection with any <br />collateral assignment of this Agreement, Subscriber agrees to comply with the lender <br />accommodations set forth in Exhibit C to this Agreement; (d) ANCSGI's assignment of this <br />Agreement, prior to the Commencement of Operations Date, to another operator/owner of a <br />community garden facility, in the same County and qualified under the Solar Rewards <br />Community Program which has sufficient capacity to accept Subscriber's Allocation, has the <br />same or better credit strength, and agrees in writing to recognize Subscriber's rights under this <br />Agreement and to not disturb any of Subscriber's rights hereunder; or (e) Subscriber's <br />assignment of this Agreement to any of its Affiliates or successor entity if the Minnesota <br />7 <br />
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