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2011 004 Ordinance
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2011 004 Ordinance
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Last modified
11/19/2018 4:06:57 PM
Creation date
9/7/2018 5:39:59 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
004
Date
2/22/2011
Year
2011
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6. Term <br />6.1. The term of this Service Agreement is five (5) years, beginning on the Effective Date. <br />7. Termination <br />7.1. Termination Due to Non-Performance. If either party fails to perform under any provision of the Agreement.. <br />except as provided in Section 7.2 (a), then the other party may serve written notice upon the non-performing party <br />specifying the nature of the failure. If, within 60 days of the date notice is served, the non-conforming party has <br />not cured the default or presented a plan acceptable to the other party to cure the default, then upon expiration <br />of the 60-day period, the party giving notice may, at its option, terminate the Agreement: Any liquidated damages <br />with respect to Services having minimum commitments will be set out in the applicable Addendum provided no <br />such minimum commitments will be applicable in any situation in which OneCommunity is in material default for <br />non-performance. <br />7.2. Termination by Mayfield Village <br />(a) If Subscriber has not paid OneCommunity Fees when due and payable, or any fees payable to <br />OneCommunity for additional services that have been performed or any other properly due amounts, and if <br />such failure has continued for thirty (30) days after written notice of non-payment has been provided to <br />Subscriber then Mayfield Village may terminate this Agreement immediately by written notice to Subscriber <br />or suspend the Services. <br />(b) Mayfield Village may terminate or suspend the Services under this Agreement bjr providing 90-days written <br />notice. Subscriber may terminate or suspend Services under this Agreement by providing 30-days written <br />notice to Mayfield Village with no penalty beyond monthly charges up to date of termination or suspension. <br />In addition, Subscriber may terminate Services as otherwise provided herein. <br />7.3. Other Termination Situations. Either party shall have the right to immediately terminate this Agreement, in whole <br />or in part, upon written notice to the other if the other party: <br />(a) .Ceases to do business as a going concern; <br />(b) Makes an assignment for the benefit of its creditors; <br />(c) Admits in writing its inability to pay its debts as they become due; <br />(d) Becomes insolvent, suspends or abandons its business; <br />(e) Authorizes, applies for, or consents to the appointment of a trustee or receiver of all or a substantial portion <br />of its assets; <br />(f) Files a voluntary petition under any bankruptcy or insolvency law or files a voluntary petition under the <br />reorganization provision of the laws of the United States; or <br />(g) A court assumes jurisdiction over the assets of that party. <br />(h) Is unable to fulfill its obligations under this Agreement due to Force Majeure as referred to in Section 9.1 <br />lasting more than ten (10) days and, upon twenty-four (24) hours written notice from the other. <br />(i) Subscriber relocates to a new location where direct transfer of services is (i) not commercially viable at the <br />same prices or (ii) not feasible for the Subscriber to continue as defined in this Agreement. This does not <br />prevent OneCommunity and Subscriber from amending the current Agreement or entering into a new one <br />that is acceptable to both parties. <br />or~ecomrr€~~ity <br />Page 5 of 9 Revision 541412.2 <br />
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