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R2012-194 AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
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R2012-194 AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
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8/19/2015 4:33:27 PM
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Resolution/Ordinance
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R2012-194
Res Ord Title
AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY
Approved Date
12/3/2012
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REMEDY IS INCONVENIENT AND THE DAMAGES CALCULATED HEREUNDER <br /> CONSTITUTE A REASONABLE APPROXIMATION OF THE HARM OR LOSS. <br /> 8.2 DISCLAIMER. FES DOES NOT WARRANT OR GUARANTEE THE <br /> UNINTERRUPTED DELIVERY OF RETAIL ELECTRIC SUPPLY TO AGGREGATION <br /> PROGRAM CUSTOMERS DURING FORCE MAJEURE EVENTS. FES WILL HAVE NO <br /> LIABILITY OR RESPONSIBILITY FOR THE OPERATIONS OF THE ELECTRIC UTILITY, <br /> INCLUDING BUT NOT LIMITED TO, THE INTERRUPTION, TERMINATION, FAILURE <br /> TO DELIVER, OR DETERIORATION OF ELECTRIC UTILITY'S TRANSMISSION OR <br /> DISTRIBUTION SERVICE. EXCEPT AS MAY BE SPECIFICALLY PROVIDED HEREIN, <br /> NO IMPLIED WARRANTIES OF ANY KIND, INCLUDING THE IMPLIED WARRANTIES <br /> OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE SHALL BE <br /> APPLICABLE TO THIS AGREEMENT. <br /> ARTICLE 9 <br /> REPRESENTATIONS AND WARRANTIES <br /> 9.1 Representations and Warranties by FES. <br /> 9.1.1 FES hereby represents and warrants to Community as of the Effective Date as follows: <br /> (i) FES is a corporation, duly formed, validly existing and in good standing under the laws <br /> of the State of Ohio and certified as an Alternative Retail Electric Supply in the State of Illinois. <br /> (ii) FES has all authorizations from any governmental authority necessary for it to legally <br /> perform its obligations under this Agreement or will obtain such authorizations in a timely <br /> manner prior to when any performance by it requiring such authorization becomes due; <br /> (iii) The execution and delivery of, and performance under, this Agreement are within FES' <br /> powers, have been duly authorized by all necessary action and do not violate, conflict with or <br /> breach any of the terms or conditions in its governing documents or any contract to which it is a <br /> party or any governmental rule applicable to it; <br /> (iv) This Agreement has been duly executed and delivered by FES, and this Agreement <br /> (assuming due authorization, execution and delivery of all Parties) constitutes legal, valid and <br /> binding obligations of FES enforceable against it in accordance with its terms, subject to <br /> bankruptcy, insolvency, reorganization and other laws affecting creditor's rights generally and <br /> general principles of equity, regardless of whether such enforceability is considered in a <br /> proceeding in equity or at law; and <br /> (v) No Bankruptcy is pending against it or to its knowledge threatened against it. <br /> (vi) None of the documents or other written information furnished by or on behalf of FES to <br /> Community and the Request for Proposal contains any untrue statement of a material fact or <br /> omits to state any material fact or is misleading. FES is not in default with any order,writ, <br /> injunction or decree of any court or federal, state, municipal or other governmental department, <br /> commission, board,bureau, agency or instrumentality, domestic or foreign, which would prevent <br /> FES from complying with the terns and conditions of this Agreement. <br /> I1 <br />
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