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R98-157 AUTHORIZING ASSIGNMENT OF RECYCLING CONTRACT
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R98-157 AUTHORIZING ASSIGNMENT OF RECYCLING CONTRACT
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4/11/2016 1:23:42 PM
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4/11/2016 1:23:41 PM
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Resolution/Ordinance
Res Ord Num
R98-157
Res Ord Title
AUTHORIZING ASSIGNMENT OF RECYCLING CONTRACT
Approved Date
11/16/1998
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, � ns9IGNML�rrr OF CSTY CONTRACT <br /> the ��-�yTHIS ASSIGNMENT OF CITY CONTRACT is entered into as of <br /> day of November, 1998, by and betwe�n Recycle Unlimited, <br /> znc . , a wholly owned subeidiary of waste Environmental Sexvices, <br /> Inc . ( ��Assignor") , and American Disposal Services, 2nc, , <br /> ( "Assignee") ; <br /> w I T N E S S E T H: <br /> WHEREAS, in that certain Asset Purchase Agreem�nt (the <br /> '�Asset Purchase Agreement") dated as of November 9, 1997, by, <br /> between and among Assignor and Assignee, Assignor agreed to assign, <br /> to Assignee a11 of their right, title, and interest in, to, and <br /> under certain operating contracts and pernits which are � more <br /> particularly described on a Schedule to tne Asset Purcha�e <br /> Agreement (the "Business Cor.tracts") ; and <br /> WHEREAS, ?�ssignee agreed to assume and perform Assignor's <br /> ob�i�ations under the eusiness Contracts; and <br /> WHERr^,AS, ur_der one of thE Business Contracts, Assignee is ' <br /> a par�y to a curb�ide recyclzng Contract with the City of Decatur, <br /> Illineis, a copy oi which is attached hereto as Exhibit A; (the '' <br /> „Ci cY� Ccntract" ) ; ar_d <br /> WHEREAS, the City Contract require� consent to asszgnment <br /> by t:ze City cf Decatur, Illinois. <br /> NOW, THEREFORE, for ten dollars ($10 . 00) and other good <br /> and valuable consideration, the reeeipt and adequacy of whic,h are <br /> hereby acknowledged, Assignor do hereby sell, assign, transfer, and � <br /> convey to Assignee all of their right, title, and interest in, to � <br /> and under �he Business Contracts; and <br /> Assign�e hereby assumes and agrees to perform all of the <br /> obligations of Assignor under the City Contract accruing after the <br /> closing date of the transaction contemplated by the Asset Purchase <br /> Agreement . <br /> This Assignment of City Contract is made pursuant and <br /> subject to the Asset purchase Agreement and incorporates all of the <br /> t�rms and condition9 therein. <br />
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