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Agreements or Letter Agreements that have deadlines, time will be of the essence unless <br />stared othenvise_ The C'nnsnitsnt shall he compensated for the service at the rate in effect <br />when this extension clause is invoked by the City, <br />SECTION 5 TERMINATION <br />5.1 Termination for Convenience; This Agreement may be terminated by the City for <br />convenience upon ten (10) calendar days' written notice to the Consultant. In the event of <br />such termination, any Services performed by the Consultant under this Agreement shall, at <br />the option of the City, become the City's property, and the Consoltant shall be entitled to <br />receive compensation for any Services completed pursuant to this Agreement to the <br />satisfaction of the City up to and through the date of termination. Under no circumstances <br />shall City make payment for services that have not been performed. Additionally, the City <br />shall not make payment for (lie following items: <br />5.1.1 Anticipated profits or fees to be earned on completed portions cif (lie work; <br />5,1,2 Consequential damages; <br />5,1.3 Costs incurred in respect to services performed in excess of reasonable quantitative <br />requirements of this Agreement and Project Agreements) or Letter Agreement(s); <br />5.1,4 Expenses of Consultant due to the failure of Consultant or its subconsultanis to <br />discontinue services after notice of termination has been given to the Consultant <br />nsultant; <br />5,1.5 Losses upon other contracts or from sales or exchanges of capital assets or Internal <br />Revenue Code Sections 1231 assets; and <br />5.1,6 Damage. or loss caused by delay. <br />5,2 Termination for Cause; This Agreement way be torrninated by the City upon tett (10) <br />calendar days written notice to the Consultant should (lie Consultant be adjudged bankrupt, <br />insolvent, violates the law, or fails to sahstantially perform in accordance with the material <br />te,mi3 of this Agreement. If, through any cause within reasonable control, the Consultant <br />shall fail to fulfill its a timely manner or otherwise violate any of the covenants, agreements <br />or stiputations material to this Agreement, the City shall have the right to temiinaw the <br />Services then remaining to be performed. Prior to the exercise of its option to terminate <br />for cause, the City shall notify the Consultant of its violation of the particular terms of the <br />Agreement and grant Consultant ten (10) days to cure such default. if the default remains <br />uncured after ten (10) dtry5 the City may tetmiinate this Agreement, and the City shall <br />receive a refund from the Consultant in an amount equal to the actual cast of a third party <br />to cure such failure. II' Consultant fails, refuses or is unable to perform any term of this <br />Agreement, the City shall pay for services rendered as of the date of termination. <br />5.2.1 in the event of termination, all finished and unfinished documents, data and other <br />work, product prepared by the Consult -wit shall be delivered to the City and the City <br />shall compensate the Consultant for all Services satisfactorily perfonned prior to <br />the date of termination. <br />5.2,2 Notwithstanding the foregoing, the Consultant shall not be relieved of liability to <br />the City for damages sustained by it by virtue of a breach of the Agreement by <br />Consultant and the City may reasonably withhold payment to the Consultant for the <br />purposes of set-off until such time as the exact amount of damages due the City <br />frons the Consultant is determined. <br />Authorized City.Repres9YIWW's Initials: ;O AuthorIzed Consultant Repres6nlativa's Initials: P <br />4 <br />