Common use of NO SUBSEQUENT AGREEMENT Clause in Contracts

NO SUBSEQUENT AGREEMENT. In the event this Agreement expires and City elects not to enter into a subsequent agreement with Contractor for the management of the District for the following fiscal year, Contractor shall deliver to the City: a) all books, data, records, work product, leases, and agreements prepared and/or completed directly in connection with, or related to, Contractor’s performance under this Agreement, as well as any unexpended funds from the advance payment, any unsold parking meter cards and/or reload time (in dollars), any unexpended proceeds from the sale of such cards and/or reload time, any accounts receivable attributable to the use of any funds provided under this Agreement, any vehicles and/or equipment, and any other assets of the District, upon the termination date of this Agreement; and b) the Annual Report, in accordance with Contractor’s specific obligations enumerated herein.

NO SUBSEQUENT AGREEMENT. In the event this Agreement expires and City elects not to enter into a subsequent agreement with Contractor for the management of the District for the following fiscal year, Contractor shall deliver to the City: a) a. all books, data, records, work product, leases, and agreements prepared and/or completed directly in connection with, or related to, Contractor’s performance under this Agreement, as well as any unexpended funds from the advance payment, any unsold parking meter cards and/or reload time (in dollars), any unexpended proceeds from the sale of such cards and/or reload time, any accounts receivable attributable to the use of any funds provided under this Agreement, any vehicles and/or equipment, and any other assets of the District, upon the termination date of this Agreement; and b) b. the Annual Report, in accordance with Contractor’s specific obligations enumerated herein.