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03-10-14 Regular Meeting of La Porte City Council
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03-10-14 Regular Meeting of La Porte City Council
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3/7/2014 12:46:07 PM
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La Porte TX
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Agenda PACKETS
Date
3/10/2014
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<br />After giving written notice of a breach The non-breaching party may immediately terminate this Agreement if: <br />other than a failure to pay. <br />the written notice of the breach was sent to the person designated to receive <br /> <br />notices for the breaching party under this Agreement (see paragraph 1 or 2, as <br />applicable, of this Agreement); and the breach is not your failure to pay (that <br />situation is addressed separately below.); and <br />the breach has not been cured in a reasonable time after the breaching party <br /> <br />received notice. <br />Ordinarily, 30 days will be a reasonable time to cure the breach but if the <br />party receiving notice of the breach can demonstrate that the breach will <br />take more than 30 days to cure, the non-breaching party and breaching <br />party will agree on an extended period to cure the breach. <br />A party may terminate this Agreement immediately if the other party <br /> <br /> <br />its ability to perform hereunder; or <br />a party becomes or is declared insolvent or bankrupt; or <br /> <br />a party is the subject of any proceedings relating to liquidation or insolvency <br /> <br />or for the appointment of a receiver; or <br /> ¯ ±³¸ ¬ ª¤² ²²¨¦¬¤³ ¥®± ³§¤ ¡¤¤ϭ¨³ ®¥ «« ®± ²´¡²³ ³¨ ««¸ «« ®¥ ¨³² <br /> <br />creditors; or <br />a party enters into an agreement for the composition, extension, or <br /> <br />readjustment of all or substantially all of its obligations. <br />entire outstanding amounts and costs owing to us hereunder immediately due <br />and payable. <br />This Agreement is terminated or You remain obligated to: (1) pay us for Services performed through the effective <br />expires. date of the termination or expiration; (2) if applicable, provide us with all the <br />information necessary for us to calculate what you owe us on revenue you receive <br />after the termination or expiration; and (3) if applicable pay invoices we send you <br />after the expiration or termination of this Agreement for Services performed <br />before termination or expiration or for continuing payments required by the <br />Scope of Work or for both. <br /> <br /> <br />La Porte, TX FF 021214 8 <br /> <br /> <br /> <br />
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