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HomeMy WebLinkAboutECAT14-004 Frontier Rental, Inc. Consent of Assignment CONSENT TO ASSIGNMENT OF CONCESSION AGREEMENT FOR OPERATION OF RENTAL CAR SERVICES WITNESSETH: WHEREAS, on October 29,2013, the Eagle County Air Terminal Corporation("ECAT") and Simply Wheelz, LLC d/b/a Advantage Rent A Car("Advantage") entered into a Concession Agreement for Operation of Rental Car Services (the "Concession Agreement"); and WHEREAS, on November 13, 2013, Advantage filed a petition in bankruptcy under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Mississippi; and WHEREAS, Advantage filed a motion in the Bankruptcy Court requesting that the Court authorize the assumption and assignment of the Concession Agreement from Advantage to Dollar; and WHEREAS,pursuant to an order entered by the Bankruptcy Court on February 10, 2014, Frontier Rental, Inc. d/b/a Dollar Rent A Car and Thrifty Car Rental("Dollar")was authorized to assume the Concession Agreement; and WHEREAS, Advantage and Dollar entered into an assignment agreement effective as of February 10, 2014, whereby Advantage conveyed,transferred and assigned to Dollar all of Advantage's right,title and interest in the Concession Agreement, and Dollar accepted such conveyance, transfer, and assignment from Advantage; and WHEREAS,pursuant to Section 10.5 of the Concession Agreement, Advantage shall not assign the Concession Agreement without first obtaining the written consent of ECAT, which consent shall not be unreasonably withheld; and WHEREAS, ECAT desires to document its consent to the assignment of the Concession Agreement from Advantage to Dollar. CONSENT Pursuant to Section 10.5 of the Concession Agreement, ECAT hereby consents to the assignment of the Concession Agreement from Simply Wheelz, LLC d/b/a Advantage Rent A Car to Frontier Rental, Inc. d/b/a Dollar Rental Car and Thrifty Car Rental, and the assumption thereof by Frontier Rental, Inc. d/b/a Dollar Rental Car and Thrifty Car Rental, effective as of February 10, 2014. ia TN-04 EAGLE COUNTY AIR TERMINAL CORPORATION /v J B : G�-Y Jill'-'H. Ryan, President Attest: BY: ��_ Keith Montag, Secretary • II 2