R2001-120 AUTHORIZING AGREEMENT - Laserfiche WebLink

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Financial Institution: Bank One, Illinois,N.A. Address: East Old State Capitol Plaza P.O. Box 19266 Springfield,Illinois 62794-9266 USA Nine Digit Routing Transit Number: 071100269 Depositor Account Title: The Board of Trustees of the University of Illinois EDI Receipts and Federal Depository Depositor Account Number: 616002911 Type of Account: Checking The University will endeavor to perform the research investigation within the fur�.�ling provided by the Sponsor; however,the University is not obligated to expend any other funds on this work,and the Sponsor is not obligated to pay the University in excess of the stated amount. 10. FISCAL MANAGEMENT. The University shall maintain complete and accurate accounting records in accordance with accepted accounting practices for institutions of higher education. These records shall be available for inspection,review, and audit at reasonable times by the Sponsor,or its duly authorized representative,at Sponsor's expense, for three(3)years following the end of the University's fiscal year(July 1-June 30) in which such costs are incurred. The funds provided by the Sponsor shall be applied to the direct and indirect costs of this investigation. Indirect costs shall be assessed at the applicable rate(s) in effect at the time direct costs are incurred. Title to equipment and all other items purchased with funds provided by the Sponsor shall be titled to and remain with the University. 11. WARRANTIES. THE UNNERSITY MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESSED OR IMPLIED,REGARDING ITS PERFORMANCE UNDER THIS AGREEMENT, INCLUDING BUT NOT LIMITED TO,THE MERCHANTABILITY,USE OR FITNESS FOR ANY PARTICULAR PURPOSE OF THE RESEARCH RESULTS DEVELOPED UNDER THIS WORK. Further, it is understood University shall not be liabte for special, consequential,or incidental damages, as a result of Sponsor's use of the final technical report and the results contained therein provided by the University. Sponsor agrees to release the University and its employees and agents from, and agrees to be responsible for,any and all costs,damages,and expenses, including attorney's fees, arising from any claims,damages,and liabilities asserted by third parties which is not due to the negligence of University and arising from Sponsor's use of said results. 12. TERMINATION. This Agreement may be terminated by either party giving to the other a minimum of sixty(60)days prior written notice. If the Sponsor terminates this Agreement, Sponsor shall pay for a(1 direct costs incurred, and applicable indirect costs, up to and including the effective date of termination, and for all non-cancellable obligations made before receipt of notice of termination, even though they may extend beyond such termination date.