SECTION 22. TERMINATION OF AGREEMENT: TRANSFER OF ASSETS
A. The City shall have the right upon ninety (90) days written notice to Contractor to terminate this Agreement for:
1. Breach of any provision of this Agreement by Contractor;
2. Malfeasance, misfeasance or misappropriation of public funds; or
3. Loss of 501(c)(3) status by Contractor.
B. Contractor shall have the right upon ninety (90) days written notice to the City to terminate this Agreement for breach of any provision of this Agreement by the City.
C. Either party may avoid termination by curing any such breach to the satisfaction of the other party within ninety (90) days of notification thereof.
D. Upon termination of this Agreement, Contractor shall immediately transfer to the City all equipment, real property, fixtures, contracts, leases, deposit accounts or other assets received by or purchased by Contractor with funds received from the City pursuant to this Agreement.