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2005 054 Ordinance
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2005 054 Ordinance
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Last modified
11/19/2018 4:04:15 PM
Creation date
8/29/2018 7:02:57 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
054
Date
12/19/2005
Year
2005
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8e TERMINATION. <br />8.1. Ternunation Due to Non-Performance. <br />8.1.1.If either party fails to perform under any provision of the Agreement except as provided in <br />Section 8.2.1, then the other party may serve written notice upon the non-perfornung party <br />specifying the nature of the failure. If, within 60 days of the date notice is served, the non- <br />performing party has not cured the default or presented a plan acceptable to the other party <br />to cure the default, then upon expiration of the 60 day period, the party giving the notice <br />may, at its option, ternunate the Agreement. Any liquidated damages with respect to <br />Services having minimum commitments will be set out in the applicable Addendum <br />provided no such minimum commitments will be applicable in any situation in which <br />OneCleveland is in material default for non-performance. <br />8.2. Ternunation by OneCleveland. <br />8.2.1.If (i) Subscriber has not paid OneCleveland Fees when due and payable, or any fees payable <br />to OneCleveland for additional services that have been performed or any other properly due <br />amounts and if such failure has continued for thirty (30) days after written notice of non- <br />payment has been provided to Subscriber, or (ii) Subscriber, if a tax-exempt entity, ceases <br />to be tax-exempt, then OneCleveland may ternunate this Agreement immediately by written <br />notice to Subscriber or suspend the Services. <br />8.2.2.OneCleveland may ternunate or suspend the Services under this Agreement by providing <br />written notice to Subscriber at least 90 days prior to the beginning of any Fiscal Year. In <br />addition, OneCleveland may ternunate Services as otherwise provided herein. <br />8.3. Other Ternunation Situations. Either party shall have the right to immediately terminate this <br />Agreement, in whole or in part, upon written notice to the other if the other party: <br />8.3.1.Ceases to do business as a going concern; <br />8.3.2.Makes an assignment for the benefit of its creditors; <br />8.33.Admits in writing its inability to pay its debts as they become due; <br />8.3.4.Becomes insolvent, suspends or abandons its business; <br />8.3.5.Authorizes, applies for, or consents to the appointment of a trustee or receiver of all or a <br />substantial portion of its assets; <br />8.3.6.Files a voluntary petition under any bankruptcy or insolvency law or files a voluntary <br />petition under the reorganization provisions of the laws if the United States; or <br />8.3.7.A court assumes jurisdiction over the assets of that party. <br />8.3.8.Is unable to fulfill its obligations under this Agreement due to Force Maj eure as referred to <br />in Section 13 lasting more than ten (10) days and, upon twenty-four (24) hours written <br />notice from the other. <br />SSA20051021 Page 6 of 14
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