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R2022-190 Resolution Authorizing Sponsored Research Agreement with the Board of Trustees of the University of Illinois for Hydrologic, Sediment and Nutrient Monitoring Upper Sangamon River Watershed
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R2022-190 Resolution Authorizing Sponsored Research Agreement with the Board of Trustees of the University of Illinois for Hydrologic, Sediment and Nutrient Monitoring Upper Sangamon River Watershed
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11/17/2022 2:08:00 PM
Creation date
11/17/2022 2:07:59 PM
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Resolution/Ordinance
Res Ord Num
R2022-190
Res Ord Title
R2022-190 Resolution Authorizing Sponsored Research Agreement with the Board of Trustees of the University of Illinois for Hydrologic, Sediment and Nutrient Monitoring Upper Sangamon River Watershed
Department
Econ and Com Dev
Approved Date
11/7/2022
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Financial Institution 1P Morgan Chase Bank, N.A. <br /> Address 4 New York Plaza, FI 15 <br /> New York, NY 10004 <br /> Nine-Digit Routing Transit Number 021000021 <br /> Depositor Account Title The Board of Trustees of the University of Illinois, <br /> EDI Receipts and Federal Depository <br /> Depositor Checking Account Number 616002911 <br /> Swift Code: CHASUS33XXX <br /> Type of Account: Checking <br /> 3.0. TERM AND TERMINATION <br /> 3.1. TERM.This Agreement is effective on November 1, 2022 ("Effective Date") and will terminate on <br /> October 31. 2023 unless sooner terminated in accordance with this Section 3 ("Term").The Parties may <br /> extend the Term by written amendment. <br /> 3.2. TERMINATION FOR CONVENIENCE. Either Party may terminate this Agreement for convenience by <br /> providing 60 days' advance written notice to the other Party. <br /> 3.3. TERMINATION FOR BREACH. Upon material breach, the aggrieved Party may terminate this <br /> Agreement provided that the breaching Party fails to cure the breach within 30 days after receipt of <br /> written notice.This remedy is in addition to any other remedies available at law. <br /> 3.4. IMMEDIATE TERMINATION. Either Party may terminate this Agreement effective immediately upon <br /> notice to the other if: (a) the Parties cannot agree on an acceptable successor Principal Investigator; (b) <br /> SPONSOR has been declared insolvent, ceases (or threatens to cease) to carry on its business; or an <br /> administrator or receiver has been appointed over all or part of its assets; (c) SPONSOR's failure to pay <br /> promptly; or(d)either Party is debarred or excluded from participating in any government program. <br /> 3.5. EFFECT OF TERMINATION. If SPONSOR terminates this Agreement for convenience, SPONSOR will <br /> pay for all Research Costs incurred through the date of termination, including all non-cancelable <br /> obligations, even though the obligations may extend beyond the termination date. For any other <br /> termination, SPONSOR will pay UNIVERSITY for all Research Costs incurred through the termination <br /> date.Termination will not affect the Parties' rights and obligations accrued prior to termination. <br /> 4.0. CONFIDENTIAL INFORMATION <br /> 4.1. CONFIDENTIALITY OBLIGATION. Each Party will advise its employees to use reasonable efforts to <br /> hold in confidence all proprietary information received from the other Party in connection with the <br /> Research that the disclosing Party intends to remain secret from third parties on the grounds that its <br /> disclosure would either cause the disclosing Party competitive harm or waive a privilege granted by law <br /> ("Confidential Information"); provided, however, that each Party may share Confidential Information <br /> with third parties to the extent necessary to perform the Research under terms consistent with this <br /> Agreement. For written disclosures, the Party disclosing Confidential Information will mark the <br /> information "Confidential" at the time of disclosure. For oral or visual disclosures, the Party disclosing <br /> Confidential Information will designate the information "Confidential" at the time of disclosure and <br /> confirm such designation in writing to the other Party no later than 30 days after disclosure. Except as <br /> provided in Section 6.2, each Party's obligation of confidentiality shall extend for three years from <br /> disclosure and shall not apply to information that: (a)was in recipient's possession on a non-confidential <br /> SPA Form <br /> Updated 06012018 <br /> Page 3 of 10 <br />
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