Common Contracts

1 similar Transition Agreement contracts

SEC 1. GENERAL
Transition Agreement • June 2nd, 2025

The Director and the Operator hereby agree that, in the event of the expiration or termination of this Agreement for any reason (either event hereinafter a “Termination” for purposes of this Exhibit) and the Operator is not authorized to continue the operations authorized under this Agreement after the effective date of the Termination (“Termination Date”), the Director and the Operator in good faith will fully cooperate with one another and with the new operator or operators selected by the Director to continue such operations (“New Operator” for purposes of this Exhibit), to achieve an orderly transition of operations to avoid disruption of services to Park visitors and minimize transition expenses.