2017-054 Resolution - Laserfiche WebLink

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C. If the Company fails to submit the required information and/or reports required by this Agreement, the City may terminate or modify this Agreement and deny or modify future grant payments after the date of the Company's breach or default. The City may terminate or modify this Agreement if the Company fails to cure any breach of any term of this Agreement, as determined by the City, within thirty days of receiving written notice of such failure from the City or, if cure of the breach cannot be completed within thirty days, if the Company has not in good faith commenced and diligently pursued the same. D. Nothing in Sections 12(A) through (C) shall permit the City to recapture or otherwise deny the Company the benefit of a grant in respect of any period prior to the date of the termination or modification by the City. E. The City may terminate or modify this Agreement and may also require the repayment of all or part of the grant payments awarded under this Agreement, upon the occurrence of either of the following: (1) The City reasonably determines that the certification as to delinquent taxes required by this Agreement is fraudulent; or, (2) The Company vacates the Site and moves its operations out of the City or terminates its operations at the Site during the term of this Agreement. The City may, absent any legislative action, resolution or court ordered mandate to the contrary, collect any and all grant payments awarded under this Agreement, and the Company shall pay directly to the City or its authorized agent any and all grant payments awarded under this Agreement due on the date the Company vacates the facility or terminates its operations at the Site during the term of this Agreement; or within fourteen days from the date the Company is notified by the City that any tax certification is fraudulent. 13. Notification A. The Company or any successor shall promptly notify the City if any of the following events occur: (1) If control of the Company or substantially all of its assets located at the Site is obtained by another entity or shareholders; or, (2) If the Company merges with another entity; or, (3) If the Company substantially restructures itself through an acquisition or divestiture or otherwise and if any of those events affects the ability of the Company or its successor entity to perform substantially all of the obligations under this Agreement and to meet the payroll projections set forth herein. 14. Annual Fee M