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<br />July 15, 2024 Page 63 City of San Leandro/ACI Franchise Agreement
<br />12.4 JURISDICTION 2490
<br />Any lawsuits between the Parties arising out of this Agreement shall be brought and concluded in the 2491
<br />courts of Alameda County in the State of California, which shall have exclusive jurisdiction over such 2492
<br />lawsuits. With respect to venue, the Parties agree that this Agreement is made in and will be performed 2493
<br />in Alameda County. 2494
<br />12.5 BINDING ON SUCCESSORS 2495
<br />The provisions of this Agreement shall inure to the benefit to and be binding on the successors and 2496
<br />permitted assigns of the Parties. 2497
<br />12.6 ASSIGNMENT 2498
<br />Neither Party shall assign its rights nor delegate or otherwise transfer its obligations under this Agreement 2499
<br />to any other Person without the prior written consent of the other Party. Any such assignment made 2500
<br />without the consent of the other Party shall be void and the attempted assignment shall constitute a 2501
<br />material breach of this Agreement. 2502
<br />For purposes of this Section, "assignment" shall include, but not be limited to: (i) a sale, exchange, or other 2503
<br />transfer of substantially all of Contractor's local, regional, and/or corporate assets dedicated to service 2504
<br />under this Agreement to a third party; (ii) a sale, exchange, or other transfer of ten percent (10%) or more 2505
<br />of the local, regional, and/or corporate stock or ownership of Contractor to a Person (other than a transfer 2506
<br />of shares in Contractor by the owner of such shares to members of the owner’s family or a trust for the 2507
<br />benefit of his family, to Contractor or to another owner of shares in Contractor) except that no cumulative 2508
<br />sale, exchange, or transfer of shares may exceed twenty percent (20%) during the Term of the Agreement 2509
<br />(other than a transfer of shares in Contractor by the owner of such shares to members of the owner’s 2510
<br />family or a trust for the benefit of his family, to Contractor or to another owner of shares in Contractor); 2511
<br />(iii) any reorganization, consolidation, merger, recapitalization, stock issuance or re-issuance, voting trust, 2512
<br />pooling agreement, escrow arrangement, liquidation, or other transaction to which Contractor or any of 2513
<br />its shareholders is a party that results in a change of ownership or control of ten percent (10%) or more 2514
<br />of the value or voting rights in the local, regional, and/or corporate stock of Contractor (excluding as the 2515
<br />result of changes in ownership or control between an owner of shares in Contractor and Contractor, 2516
<br />members of the owner’s family, or a trust for the benefit of the owner’s family, or to another owner of 2517
<br />shares in Contractor); (iv) any reorganization, consolidation, merger, recapitalization, stock issuance or 2518
<br />re-issuance, voting trust, pooling agreement, escrow arrangement, liquidation, or other transaction to 2519
<br />which Contractor or any of its shareholders is a party that results in a change of ownership or control of 2520
<br />ten percent (10%) or more of the value or voting rights in the local, regional, and/or corporate stock of 2521
<br />Contractor (other than from changes in ownership or control between an owner of shares in Contractor 2522
<br />and another owner of shares in Contractor) unless Contractor engages a professional manager to oversee 2523
<br />this Agreement; (v) divestiture of an Affiliate (e.g., trucking company, materials recovery facility, transfer 2524
<br />station) used by Contractor to fulfill its obligations under this Agreement; and, (vi) any combination of the 2525
<br />foregoing (whether or not in related or contemporaneous transactions) that has the effect of any such 2526
<br />transfer or change of local, regional, and/or corporate ownership and/or control of Contractor. For 2527
<br />purposes of this Section, the term "proposed assignee" shall refer to the proposed transferee(s) or other 2528
<br />successor(s) in interest pursuant to the assignment. 2529
<br />Docusign Envelope ID: 908A450D-1F36-4C09-B8A4-C1D639B5A05A
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