Laserfiche WebLink
Agreement and then owed by Seller to Purchaser. The Termination Payment shall not be <br /> less than zero'. <br /> C. Obligations Following Termination. If a Non-Defaulting Party terminates this Agreement <br /> pursuant to this Section I3(b), then following such termination, Seller shall, at the sole <br /> cost and expense of the Defaulting Party, remove the equipment (except for mounting <br /> pads and support structures) constituting the System. The Non-Defaulting Party shall <br /> take all commercially reasonable efforts to mitigate its damages as the result of a Default <br /> Event. <br /> 14. Representations.Warranties and Covenants. <br /> a. General Representations and Warranties. Each Party represents and warrants to the other the following as of the <br /> Effective Date: <br /> i. Such Party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its <br /> formation; the execution, delivery and performance by such Party of this Agreement have been duly <br /> authorized by all necessary corporate,partnership or limited liability company action,as applicable,and do <br /> not and shall not violate any law; and this Agreement is valid obligation of such Party,enforceable against <br /> such Party in accordance with its terms (except as may be limited by applicable bankruptcy, insolvency, <br /> reorganization, moratorium and other similar laws now or hereafter in effect relating to creditors' rights <br /> generally). <br /> ii. Such Party has obtained all licenses, authorizations,consents and approvals required by any Governmental <br /> Authority or other third party and necessary for such Party to own its assets,carry on its business and to <br /> execute and deliver this Agreement; and such Party is in compliance with all laws that relate to this <br /> Agreement in all material respects. <br /> b. P�r has is R t rreec�ntations Warranties and ov Hants. Purchaser represents and warrants to Seller the <br /> following as of the Effective Date and covenants that throughout the Term: <br /> i. License. Purchaser has title to or a leasehold or other property interest in the Premises. Purchaser has the <br /> full right, power and authority to grant the License contained in Section 8(a). Such grant of the License <br /> does not violate any law, ordinance, rule or other governmental restriction applicable to Purchaser or the <br /> Facility and is not inconsistent with and will not result in a breach or default under any agreement by which <br /> Purchaser is bound or that affects the Facility. If Purchaser does not own the Premises or Facility, <br /> Purchaser has obtained all required consents from the owner of the Premises and/or Facility to grant the <br /> License and enter into and perform its obligations under this Agreement. <br /> ii. Other Agreements. Neither the execution and delivery of this Agreement by Purchaser nor the performance <br /> by Purchaser of any of its obligations under this Agreement conflicts with or will result in a breach or <br /> default under any agreement or obligation to which Purchaser is a party or by which Purchaser or the <br /> Facility is bound. <br /> iii. Accuracy of Information. All information provided by Purchaser to Seller, as it pertains to the Facility's <br /> physical configuration, Purchaser's planned use of the Facility, and Purchaser's estimated electricity <br /> requirements,is accurate in all material respects. <br /> iv. Purchaser Status. Purchaser is not a public utility or a public utility holding company and is not subject to <br /> regulation as a public utility or a public utility holding company. <br /> v. Hazardous Substances..There are no Hazardous Substances at,on,above,below or near the Premises. <br /> If Purchaser is also taking the Environmental Attributes,the cost of replacement Environmental Attributes will also have to be taken <br /> into account. <br />