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<br /> <br />2 <br />rate agreement letter for calendar year 2026. If a new rate agreement letter is not <br />signed by the parties before January 1, then the previous calendar year’s rate agreement <br />letter remains in effect until a new rate agreement letter is signed by the parties. <br />C. Global shall pay the City for services rendered no more than thirty (30) days following <br />billing by the City. <br />D. If the City and Global have agreed that the City will provide services at an event and <br />Global for any reason decides to cancel, then Global must provide notice of cancellation <br />to the City no later than twenty-four hours before the event. If this twenty-four hour <br />notice is not provided, then Global will pay the City as a cancellation fee an amount equal <br />to two hours pay for each employee scheduled for the event. If the twenty-four hour <br />notice is provided, then there is no cancellation fee. <br />5. Termination of Contract. Both parties reserve the right to terminate this Agreement at any <br />time by sending written notice of termination to the other (“Notice”). The Notice shall specify a <br />termination date (“Termination Date”) at least sixty (60) days after the date the Notice is issued. <br />The Notice shall be effective (“Notice Date”) upon the earlier of either actual receipt (whether by <br />email, mail, delivery or other method reasonably calculated to be received by the other in a <br />reasonably prompt manner) or three calendar days after issuance of the Notice. Upon the Notice <br />Date, the City shall immediately commence to end the Work in a reasonable and orderly manner. <br />Unless terminated for City’s material breach, the City shall be paid or reimbursed for: (a) all hours <br />worked up to the Notice Date, less all payments previously made; and (b) those hours worked <br />after the Notice Date, but prior to the Termination Date, that were reasonably necessary to <br />terminate the Work in an orderly manner. The Notice shall be sent by the United States Mail to <br />the address provided herein, postage prepaid, certified or registered mail, return receipt <br />requested, or by delivery. In addition, the Notice may also be sent by any other method <br />reasonably believed to provide actual notice in a timely manner, such as electronic mail to the <br />parties identified in Section 16. By this section, neither party waives, releases or foregoes any <br />legal remedy for any violation, breach or non-performance of any of the provision of this <br />Agreement. <br />6. Changes. Any time there is a change in the scope of the services of the City to be performed <br />hereunder, any such change, including any increase or decrease in the scope of work (and <br />resulting increase or decrease in compensation), shall: (a) be made only in writ ing and signed by <br />an authorized City representative and authorized representative of Global, (b) be explicitly <br />identified as a Change Order/Addendum; and (c) become a part of this Agreement. <br />7. Subletting/Assignment of Contracts. This Agreement shall not be sublet or assigned in any <br />manner without the prior written consent of the other party, except that this Agreement may be <br />assumed directly by Everett Public Facilities District, the disclosed principal, or upon written <br />notice to City, Global may assign this Agreement to any subsequent manager of the Arena so long <br />as such assignee agrees to assume all obligations of Global hereunder.