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?

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