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2011-129
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2011-129
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A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K . BARTON , CLERK <br /> 14 , Enforceability . If any term or provision of this Agreement, or the application thereof <br /> to any person or circumstances , shall to any extent be held invalid or unenforceable , <br /> the remainder of this Agreement, or the application of such terms or provision, to <br /> persons or circumstances other than those as to which it is held invalid or <br /> unenforceable , shall not be affected, and every other term and provision of this <br /> Agreement shall be deemed valid and enforceable to the extent permitted by law . <br /> The Company ' s failure to maintain its job creation commitment or annual wage level <br /> commitment for any one year will result in the decrease of the Grant amount it was <br /> scheduled to receive for that year ; however, such decrease will not preclude the <br /> Company ' s receipt of scheduled Grant amounts for those subsequent years in which <br /> it is able to maintain its job creation and wage level commitment . <br /> 15 . Assignment . COMPANY shall not , directly or indirectly , assign or transfer any of <br /> its rights or obligations under this Agreement, or any interest therein (the foregoing <br /> herein collectively "Transfer") , without the express prior written consent of <br /> COUNTY . COUNTY shall not unreasonably withhold its consent to any Transfer . <br /> Any such attempted Transfer without the express prior written COUNTY consent <br /> shall be null and void and may, at the option of COUNTY , be deemed an event of <br /> default under this Agreement . COMPANY acknowledges and agrees that COUNTY <br /> has the right, in granting or withholding consent to any Transfer, to consider, among <br /> other things , the financial responsibility and business reputation of the proposed <br /> assignee or transferee (the foregoing herein collectively "Transferee") ; and any other <br /> items that the Indian River County Board of County Commissioners , in its sole <br /> discretion, deems appropriate . If COMPANY seeks COUNTY ' s consent for a <br /> Transfer, COMPANY shall submit to COUNTY a written request therefore , <br /> accompanied by the following documentation : (i) the name , address , and telephone <br /> number of the proposed Transferee ; (ii) a description of the business and jobs , <br /> including wages , to be created in Indian River County ; and (iii) a financial statement <br /> or other reasonably detailed financial information concerning the proposed <br /> Transferee . COMPANY acknowledges and agrees that : (a) the County <br /> Administrator or his designee , or the Indian River County Board of County <br /> Commissioners , has the right to request any additional information deemed <br /> necessary to make the decision relating to consent to the Transfer ; and (b) any such <br /> request for a Transfer is expressly subject to the approval of the Transfer by the <br /> Board of County Commissioners at a formal meeting thereof, and such Transfer shall <br /> become effective only when signed by the Transferee and approved by the Board, <br /> which consent shall not be unreasonably withheld . The foregoing covenant shall be <br /> binding on the permitted successors or assigns of COMPANY . The prohibition on <br /> Transfers shall not prohibit a change in the form in which COMPANY conducts <br /> business . COMPANY will be released from further liability under this Agreement in <br /> the event of an approved Transfer ; provided that the County ' s consent to any Transfer <br /> will not otherwise relieve COMPANY from any pre -existing obligation to COUNTY <br /> under this Agreement . <br /> - 7 - <br />
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