2006 001 Ordinance - Laserfiche WebLink

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(b) this Agreement constitutes a legal, valid and binding obligation of the County enforceable against the County in accordance with its terms. Section 5. Term and Termination. (a) The term of this Agreement shall expire on the later to occur of (i) the fifth anniversary of the date hereof or (ii) the date on which all Linked Deposit Loans to Eligible Borrowers have been repaid. (b) This Agreement shall be terminable upon thirty (30) days written notice given by either party to the other at such other party's notice address, as set forth below in Section 7 hereof, provided that both the Board of County Commissioners and the Village, respectively, shall remain obligated to perform any duties and obligations created under Section 1 hereof which remain outstanding at the time of the termination of this Agreement. Upon termination of this Agreement by either party, the Village shall prepare a Linked Deposit Program Termination Report, as hereinafter defined, which shall be delivered to the Treasurer. For purposes of this Agreement, "Linked Deposit Program Termination Report" shall mean a report, in form and substance as hereafter agreed upon by the Treasurer and the Village, setting forth information, as hereafter agreed upon by the Treasurer and the Village, about each Linked Deposit Loan of an Eligible Borrower which is still outstanding and any other matters agreed upon by the parties hereto. Section 6 Severabilitv. If any provision of this Agreement, or any obligation or agreement contained herein is determined by a court to be invalid or unenforceable, that determination shall not affect any other provision, obligation or agreement, each of which shall be construed and enforced as if the invalid or unenforceable portion were not contained herein. That invalidity or unenforceability shall not affect any valid and enforceable application thereof, and each such provision, obligation or agreement shall be deemed to be effective, operative, made, entered into or taken in the manner and to the full extent permitted by law. Section 7. Notices. All communications hereunder will be in writing and, if sent to the County, will be mailed, delivered or faxed and confirmed to: Cuyahoga County Treasurer County Administration Building 1219 Ontario Street, 1 st Floor Cleveland, OH 44113 Attention: Administrator -- Linked Deposit Loan Program Fax No.: (216) 348-4329 and, if sent to the Village, will be mailed, delivered or faxed and confirmed to: Village of Mayfield 6622 Wilson Mills Road Mayfield Village, Ohio 44143 Attention: Joseph W. Diemert, Jr. Director of Law Fax No.:440-461-7349 {HELPV ILLAGEAGREEMENT; I } 3