CCP 09-24-2013 - Laserfiche WebLink

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b. Agent is adjudged a bankrupt or Agent makes an assignment for the benefit of its creditors under any insolvency act. c. Upon either party failing to perform its obligations under the agreement, a party may give notice of the non-performance to the other party, and upon the receipt such notice this Agreement shall terminate. d. Mutual agreement of City and Agent expressed in writing. e. Expiration of the term of the Agreement without written extension or renewal agreement signed by City and Agent. f. Thirty (30) days after written notice to terminate this Agreement is given by either party to the other party; provided, however, that notice under this subparagraph shall not be given earlier than 6 months from the date of this Agreement. 11. Monthly Reports. On or before the tenth day of each calendar month during the term of this Agreement, Agent shall furnish to City a written report describing the current status of the selling efforts for the Property and setting forth in detail the following information: a. A description of all calls made by the Agent on prospective purchasers during the previous calendar month and the disposition or result of each such call. b. A registration of prospective purchasers as described in paragraph 8, a list of the prospective purchasers who constitute current prospects, and a description of the status of negotiations with each such prospective purchaser. c. Such other information that City may from time to time request. 12. Post-Termination Rights of Agent. Subject to paragraph 11 hereof, after the termination of this Agreement, Agent shall have the right to a commission on the closing of any sale of the Property made by City and with a prospective purchaser registered with City in accordance with this paragraph 7, provided that such registered prospective purchaser actually closes the purchase of the Property from City within six (6) months after the date of termination of this Agreement. Provided, however, that a commission post-termination shall be paid only if within five (5) days after the termination of this Agreement, Agent shall submit City a written list of registered prospective purchasers who Agent has taken to meet with City prior to the termination of this Agreement for discussions of the terms and conditions of a proposed purchase of the Property and whom the Agent wishes to assert a claim for post-termination compensation. Such written list must be reasonably acceptable to City. Except as provided in this paragraph, the Agent shall have no entitlement to any commission or compensation following termination of this Agreement. 6