parking spaces hereinbefore referred to and upon eha City so ceasing, the requirement for payment of a monthly rental fea ahaLl algo cease. (bo) In the event that the City, pursuant to the Municipal Act, ghould establish & apecial peneficing area to provide off-etreat parking for an area within the city which includes the said tands and upon which & gpacial rate Of tax is levied for such purpose, the monthly rental payments by the owner kg the City for ehe use of the parking spaces ag aforesaid shall cease to be payable. 5. (a) The Owner and tha City acknowledge and agree that @ither party may eancel this Agreemane® in the evant that he Owner provides sufficient parking 48 required under the City's Bylawe to the satisfaction of the city in seme alrernative MANKeas « (bp) If the Owner ceases to operate its business, the Owner shall not be Liable to make any engoing monthly payments, bus the restrictions on use ghall continue to apply and the Covenant purauant to which this agreement ig attached shall continue in force and to be registered against eitie with the intent that any successor in title to thea Owner shall be pound to provide parking ag required by the City's bylaws and to enter into an agreement in this goxm, if necessary, +0 satisfy the city. 6. Whenever the gingular of masculine is ysed nerein tne game shall be construed aa meaning the oiural, feminine oz body corporate or politic where the context or the parties 86 require? ITEM | PAGE “ER dGnasae9 PAGE.@1e