Agmt00 MBIA - Laserfiche WebLink

Browse Search

and additional revenues received by the CITY, as described in the second paragraph of Section 6(B)(1). MMC shall also be entitled to additional compensation as described in Section 7(C). C. Upon termination by either party of the AGREEMENT as provided herein, MMC shall be entitled to retain any fees it may have received from the CITY pursuant to Section 6(A) of this AGREEMENT. Upon termination by either party of the AGREEMENT as provided herein, MMC shall be entitled to retain any fees it may have received from the CITY pursuant to Sections 6(A) and 7(B) of this AGREEMENT. In addition, MMC shall be entitled to payment according to the terms of Section 6(B) and (C) for all additional revenues, including interest and penalties, that MMC is able to reasonably substantiate resulted from its compliance review activities pursuant to Section 6(B) and (C) during the term of the AGREEMENT. Within thirty (30) days following termination, MMC shall provide the CITY with a list of detections of non-compliance resulting from the compliance review activities of MMC. The CITY shall, in good faith, diligently seek to: i) correct such detections of non-compliance made by MMC prior to the date of termination; and, ii) collect the additional revenues that are due the CITY and MMC for past periods and for the 12 quarters going forward following the correction, even though the date of actual correction may occur after the termination date. MMC shall assist the CITY in this correctionlcoliection effort, if so requested by the CITY. 8. OTHER GENERAL PROVISIONS In addition to the above provisions, the parties also agree to be bound by the general provisions as set forth in Attachment "A" of this AGREEMENT, which are by this reference incorporated herein. In the event of disagreement between the specific provisions of this AGREEMENT and the general provisions, the specific provisions of this AGREEMENT shall prevail. EXECUTED as of the day and year first above stated. By: Title: Date: ~: ~~ ~ ~~ ,~~~~~ City Clerk ..) MBIA MuniServices Company/Municipal Resource Consultants By: ~ ¿{ lJ.~ Title: ?RES JÞeNT Date: /.;¡. / IS' I dO / ' -- Agmt-412 F :/SharedIRedwood/C cunei! FXS:djk 10113/00 9