Metered Parking System Contracts. The Metered Parking System Contracts are listed on Schedule 1. At least 30 Days prior to the Closing Date, the Concessionaire shall designate any such Metered Parking System Contracts as Metered Parking System Contracts to be assigned to the Concessionaire by the City on the Closing Date. Following the Concessionaire’s designation, the City shall designate any remaining Metered Parking System Contracts that are not to be assigned to the Concessionaire as Metered Parking System Contracts to be retained by the City following the Closing Date (so long as such retained Metered Parking System Contracts do not adversely affect the Concessionaire or the Metered Parking System or otherwise interfere with the operation of the Metered Parking System (or any of the rights or remedies of the Concessionaire hereunder and should not bind the Concessionaire or the Metered Parking System to any obligations)). All other Metered Parking System Contracts shall be terminated by the City, effective at the Time of Closing. Any liability under or related to any Metered Parking System Contract retained by the City following the Closing Date or terminated by the City on the Closing Date (including any liability resulting from the termination thereof), and any liability under or related to any Metered Parking System Contract that is assigned to the Concessionaire on the Closing Date attributable to periods prior to the effectiveness of the assignment thereof to the Concessionaire, shall be solely for the account of the City.
Metered Parking System Contracts. Each Metered Parking System Contract is in full force and effect, has been made available for review by the Concessionaire and subject to Section 2.5(e) shall be terminated at the Time of Closing in accordance with Section 2.5(e) without liability or obligation to the Concessionaire. The City is not in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred which, with notice or lapse of time, or both, would constitute a material breach thereof, and to the knowledge of the City no other party to any Metered Parking System Contract is in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred with respect to any such party, which with notice or lapse of time, or both, would or is reasonably be expected to constitute a material breach thereof. The Metered Parking System Contracts are all of the material contracts and agreements (i) to which the City is a party that relate to the Metered Parking System Operations or (ii) that bind the Metered Parking System in any material respect.
Metered Parking System Contracts. Each Metered Parking System Contract is in full force and effect, has been made available for review by the Concessionaire and shall be terminated at the Time of Closing in accordance with Section 2.5(e). The Authority is not in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred which, with notice or lapse of time, or both, would constitute a material breach thereof, and to the knowledge of the Authority no other party to any Metered Parking System Contract is in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred with respect to any such party, which with notice or lapse of time, or both, would or is reasonably be expected to constitute a material breach thereof. The Metered Parking System Contracts are all of the material contracts and agreements (i) to which the Authority is a party that relate to the Metered Parking System Operations or (ii) that bind the Metered Parking System in any material respect.
Metered Parking System Contracts. Each Metered Parking System Contract was in full force and effect prior to the Closing Date, was made available for review by the Concessionaire and subject to Section 2.5(e) was terminated at the Time of Closing in accordance with Section 2.5(e) without liability or obligation to the Concessionaire. As of the date of termination of each Metered Parking System Contract, the City was not in material breach of its obligations under any such Metered Parking System Contract, and no act or event had occurred which, with notice or lapse of time, or both, would have constituted a material breach thereof, and to the knowledge of the City no other party to any Metered Parking System Contract was in material breach of its obligations under any Metered Parking System Contract, and no act or event had occurred with respect to any such party, which with notice or lapse of time, or both, would have constituted or would have reasonably been expected to constitute a material breach thereof. As of the Closing Date, the Metered Parking System Contracts were all of the material contracts and agreements (i) to which the City was a party that related to the Metered Parking System Operations or (ii) that bound the Metered Parking System in any material respect.
Metered Parking System Contracts. Each Metered Parking System Contract is in full force and effect, has been made available for review by Parking Company and subject to Section 2.6(e) that was not selected to be assumed by Parking Company shall be terminated at the Time of Closing in accordance with Section 2.6(e) without liability or obligation to Parking Company. Metro is not in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred which, with notice or lapse of time, or both, would constitute a material breach thereof, and to the knowledge of Metro no other party to any Metered Parking System Contract is in material breach of its obligations under any Metered Parking System Contract, and no act or event has occurred with respect to any such party, which with notice or lapse of time, or both, would or is reasonably be expected to constitute a material breach thereof. The Metered Parking System Contracts are all of the material contracts and agreements (i) to which Metro is a party that relate to the Metered Parking System Operations or (ii) that bind the Metered Parking System in any material respect.
Metered Parking System Contracts. The Metered Parking System Contracts are listed on Schedule 1. Prior to the Closing Date, Parking Company shall designate any Metered Parking System Contracts that Parking Company intends to administer on behalf of Metro from and after the Closing Date (the “Surviving Contracts”). Following Parking Company’s designation, Metro shall designate any remaining Metered Parking System Contracts as Metered Parking System Contracts to be administered solely by Metro following the Closing Date (so long as such retained Metered Parking System Contracts do not adversely affect Parking Company or the Metered Parking System or otherwise interfere with the operation of the Metered Parking System (or any of the rights or remedies of Parking Company hereunder and should not bind Parking Company or the Metered Parking System to any obligations)). All other Metered Parking System Contracts shall be terminated by Metro, effective at the Time of Closing or as soon thereafter as permitted under the terms of the Metered Parking System Contract. Parking Company will not assume any liability relating to any Metered Parking System Contract retained by Metro following the Closing Date or terminated by Metro on the Closing Date (including any liability resulting from the termination thereof). Parking Company will not assume any liability under the Surviving Contracts attributable to (i) periods prior to the Closing (including any liability under any Surviving Contract that arises before or after the Closing that relates to any pre-Closing breach, default or violation of the Surviving Contract by Metro), (ii) any assignment of Metro’s post-Closing rights under any Surviving Contract to Parking Company, or (iii) any delegation of Metro’s duties or obligations under any Surviving Contract (including the duty and obligation to administer the Surviving Contract) to Parking Company; Metro will retain such liability and pay such liability as and when they become due and payable. On or before the Closing, Metro will advise each counterparty to a Surviving Contract that Metro has designated Parking Company as Metro’s agent and that after Closing each such counterparty will take direction from Parking Company but that such counterparty should look solely to Metro for the payment of the liabilities not assumed by Parking Company. From and after Closing, each counterparty to a Surviving Contract will be a Contractor of Parking Company for all purposes hereunder. From and after the Closing, Park...
Metered Parking System Contracts. The Metered Parking System Contracts are listed on Schedule 1. Prior to the Effective Date, Metro shall designate any Metered Parking System Contracts that Parking Company shall administer on behalf of Metro from and after the Effective Date (the “Surviving Contracts”). Parking Company shall not assume any liability prior to the Effective Date for the Surviving Contracts. All other Metered Parking System Contracts shall be terminated by Metro, effective at the Effective Date or as soon thereafter as permitted under the terms of the Metered Parking System Contract. Parking Company will not assume any liability relating to any Metered Parking System Contract terminated by Metro on the Effective Date (including any liability resulting from the termination thereof).
