City’s Response to Proposed Assignment Notice Sample Clauses

City’s Response to Proposed Assignment Notice. The City shall approve or disapprove any request for consent to an assignment or other transfer within thirty (30) days after the City receives a complete Proposed Assignment Notice (the “Assignment Response Period”). If the City fails to respond within the Assignment Response Period, the request for consent will be deemed disapproved. If the City delivers to Licensee written consent to the proposed assignment or other transfer, then Licensee shall have one hundred (100) days from such written consent to complete the assignment or other transfer. The City’s consent will be deemed to be automatically revoked if Licensee fails to complete the proposed assignment or other transfer within said one hundred (100) day period; provided, however, that the one hundred (100) day period may be extended to a date certain in a written agreement, which the City shall not unreasonably refuse if the extension is necessitated by circumstances outside Licensee’s control. Licensee shall reimburse the City on demand for all reasonable costs that the City incurs in connection with any proposed assignment, which includes the costs to investigate the acceptability of the Proposed Assignee and the City’s reasonable actual legal costs incurred in connection with considering any requested consent.
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Related to City’s Response to Proposed Assignment Notice

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