Common use of Initial Transition Clause in Contracts

Initial Transition. As of the Commencement Date: (i) Manager shall in consultation with City and until each of the following agreements are terminated by City (notice of such terminations to be given to the respective party by City (1) within ten (10) Business Days of Manager’s written request to the City that it terminate one or both of such agreements; or (2) if no such request has been made by Manager, in a timely manner so that such termination will be effective on June 30, 2019), represent the interests of City with respect to the certain Property Management Agreement between City and LPC Transit Management LLC (“LPC”) dated December 17, 2013, as amended (the “LPC Agreement”) and represent the interests of City with respect to the certain Major Maintenance Agreement between City and ABM Onsite Services-West, Inc. (“ABM”) dated July 26, 2017 and August 29, 2017 (“MMA”) and (ii) Manager shall in consultation with City and unless and until such agreements are terminated according to their respective terms, represent the interest of City with respect to the leases and other contracts listed on Schedule 3 (the “Delegated Agreements”). Subject to the foregoing, Manager has the authority to maintain, modify, and/or terminate (in accordance with the express terms of each) the Delegated Agreements. City has provided to Manager, prior to the date hereof, copies of all Delegated Agreements and all Property Agreements, together with a rent roll (setting forth the names of all tenants, the amount of security deposits, if any, current rents, all delinquencies, the date rent was last paid and balances due, if any) and Manager shall be responsible to obtain from LPC all books, records, status of any litigation (including unlawful detainers), and operating data with respect to the Property to which City is entitled under the LPC Agreement or otherwise possesses, including, without limitation, as built plans and specifications (if available), maintenance work records, service provider agreements and contact information. customer records, financial and accounting records, correspondence, budgets and other similar documents, property and casualty insurance contracts and current broker contacts. City shall cooperate with LPC to provide to Manager any keys, access codes, combinations, and the like to the ARTIC Site in City’s possession and control, if any.