Common use of Financial Interest Clause in Contracts

Financial Interest. A. No contracted towing service or applicant shall be directly involved in the towing related business of any other contracted towing service or applicant within the City of Anaheim. Directly involved shall mean anything in common between contracted towing companies or applicants with regards to any of the following: 1. Business license 2. Insurance 3. Tow truck or equipment ownership 4. Employees B. A towing service that contracts with the City shall only be approved to share its storage facilities with another towing service if the space being sub-let does not encroach on the space designated to meet the City’s storage requirements. C. Storage facilities sharing property with other businesses or services must be separated by conditions or barriers meeting with the approval of the Anaheim Police Department Tow Board. D. No Tow Company may transfer or assign its Agreement with the City without the express written consent of the City.

Appears in 7 contracts

Samples: Towing Services Agreement, Towing Services Agreement, Towing Services Agreement

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