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2007-002 Resolution
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2007-002 Resolution
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Last modified
1/9/2014 3:51:34 PM
Creation date
12/30/2013 8:01:42 AM
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North Olmsted Legislation
Legislation Number
2007-002
Legislation Date
2/20/2007
Year
2007
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NEO SO <br />(a) The other party ceases to exist. <br />(b) The institution of bankruptcy, receivership, insolvency, reorganization or other <br />similar proceedings by or against the other party under the United States <br />Bankruptcy Code or other applicable law, if such proceedings have not been <br />dismissed or discharged within 30 days after they are instituted. <br />(c) The other party's insolvency or making or an assignment for the benefit of <br />creditors or an appointment of a receiver for all or substantially all of the other <br />parry's assets. <br />(d) A material breach by the other party of this Agreement that is not cured within 30 <br />days after the breaching party's receipt of written notice from the non-breaching <br />party with respect thereto. <br />(e) The party provides the other party 60 days written notice of termination and, in <br />the case of the Governmental Entity, either (i) withdraws as a member of NEOSO <br />in the manner provided in NEOSO's Code of Regulations or (ii) terminates its <br />membership in NEOSO as provided under the Governmental Entity's Authorizing <br />Legislation. <br />Section 5.4. Terrn of Service under OfferinLr Addendum. Notwithstanding anything <br />to the contrary in this Agreement, as to any particular requested Service under an Offering <br />Addendum, the duration of the Service (and the terms of this Agreement as it relates to that <br />Service) will be set forth in the applicable Offering Addendum and will remain in force even if <br />the duration of the Service extends beyond the Term of this Agreement. All obligations of the <br />parties which arise prior to the termination of this Agreement under any Offering Addendum will <br />remain in effect notwithstanding the termination. <br />Article VI <br />Miscellaneous <br />Section 6.1. Survival. The provisions of Sections 1.4, 2.4, 3.1, 3.4, 5.4, and 6.2 will <br />survive termination of this Agreement. <br />Section 6.2. Limitation of Liabilitv. <br />(a) NEOSO will have no liability or responsibility to the Governmental Entity for (i) <br />the failure of purchased Services to be delivered or delivered in a timely manner, <br />or (ii) the availability to the Governmental Entity of warranties (including any <br />Warranty of Merchantability or Fitness for a Particular Purpose) pertaining to its <br />purchase of Services. <br />(b) In no event will NEOSO be liable for any consequential, incidental, special, <br />indirect, or punitive damages with respect to any Service performed under this <br />Agreement or airy Offering Addendum, or any similar and dissimilar losses, costs, <br />Northeast 06io Sourcing OfFice <br />www.ncoso.vrg <br />-7- <br />5422 Last9Cth St. Suite 150 ? p? 216.581.6200 <br />Clevcland, OH h/ 125 f ? 216.581.6213 <br />
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