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• The VOA may adjust rental, membership, parking sticker and program fee rates <br />annually with the approval of the City, which will not be unreasonably withheld. <br />An Agreed Service Plan may revise, supplement and/or provide additional detail regarding the <br />provisions of this subsection C. <br />D. Third -Party Agreements <br />VOA shall not enter into third -party agreements regarding the Center without the prior <br />written approval of each such agreement by the City Parks Director or designee. <br />V. DEFAULT <br />A. City's Default <br />Any of the following shall constitute an event of default ("Event of Default") by City under <br />this Agreement: <br />1. Failure to pay VOA any compensation due VOA, pursuant to this Agreement, <br />unless such amounts are under legitimate dispute; or <br />2. Breach of City of any material provision of this Agreement. <br />B. Contractor Default <br />Any of following shall constitute an Event of Default by VOA under this Agreement: <br />1. Failure to staff, manage, operate, and maintain the Center in accordance with <br />provisions of this Agreement; <br />2. Breach by VOA of any material provision of this Agreement; or <br />3. VOA makes an assignment for the benefit of its creditors, or becomes a party <br />for more than thirty (30) days, to any voluntary or involuntary insolvency <br />proceedings, bankruptcy proceedings or reorganization. <br />C. Notice of Default <br />When either party to this Agreement believes that the other party (the "Defaulting Party") <br />has committed an Event of Default, it shall give written notice thereof to the Defaulting Party. The <br />Defaulting Party shall have thirty (30) days to cure the default. If VOA is the defaulting party, the <br />City may withhold compensation due to VOA under this Agreement until the default is cured. <br />8 <br />