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5.4. SR 01-08-2001
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5.4. SR 01-08-2001
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1/21/2008 8:32:05 AM
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1/8/2001
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this Agreement) no transfer of, or change with respect to, <br />ownership or any part thereof, or any interest therein, <br />however consummated or occurring, whether voluntary or <br />involuntary, shall operate, legally or practically, to deprive <br />or limit the City of or with respect to any rights or remedies <br />or controls provided in or resulting from this Agreement; <br />and <br /> <br />4) <br /> <br />There shall be submitted to the City for review all <br />instruments and other legal documents involved in effecting <br />such transfer, and if approved by the City, its approval shall <br />be indicated to the Contractor in writing. The proposed <br />transferee shall submit to the City for review all bonds, <br />insurance policies, and any and all other documents <br />required by this Agreement, and if approved by the City, its <br />approval shall be indicated to the proposed transferee in <br />writing. <br /> <br />9. Payment of Subcontractors and Employees. <br /> <br /> The Contractor shall promptly pay all persons doing work or furnishing <br /> skills, tools, machinery, or materials or insurance premiums or equipment <br />_ _ or supplies and all.just claims for such work, material, equipment, <br /> insurance, and supplies in and above the performance of this Agreement. <br /> <br />10. Termination. <br /> <br />(a) <br /> <br />(b) <br /> <br />If the City determines that the Contractor is in violation of the <br />terms of this Agreement, a written notice will be sent to the <br />Contractor allowing ten (10) days to comply. Failure by the <br />Contractor to comply with the Agreement by the end of the 1 O-day <br />period will result in cause for the City to terminate this Agreement <br />by written notice to the Contractor. <br /> <br />Upon failure of the Contractor to fulfill any of the provisions of <br />this Agreement, the City Administrator shall be authorized to hire <br />such personnel equitSment, or assign City employees and <br />equipment, as may be necessary to do such work and the cost of <br />such expenses thereof may be charged and deducted from any <br />monies due the Contractor, collected from the Contractor, or <br />collected by recourse to the Contractor's bond or financial <br />guarantee instrument submitted subject to Section IV.E. 10.(a). <br /> <br />-16- <br /> <br /> <br />
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