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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 />