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ARTICLE I <br /> PURPOSE <br /> The purpose of this Agreement is to establish a cooperative purchasing program between the Parties <br /> which allow the Parties to realize savings when purchasing materials, supplies, goods, services, or <br /> equipment, and which will facilitate the Parties' ability to satisfy state laws requiring the Parties to seek <br /> competitive bids for the purchase of goods and services. Each Party, in contracting for the purchase of <br /> supplies, materials, equipment, and services agrees, at its discretion, to extend contracts for shared use to <br /> the extent permitted by law and agreed upon by those Parties and vendors. <br /> ARTICLE II <br /> TERM <br /> The tenn of this Agreement shall commence on the date on which all Parties have executed this <br /> Agreement("Effective Date"). The Agreement shall remain in full force and effect unless superseded by a <br /> supplemental agreement or terminated as provided in this Agreement. <br /> ARTICLE III <br /> TERMINATION <br /> A Party may withdraw its participation from this Agreement by providing thirty (30) days' prior <br /> written notice to the other Parties. However,termination of this Agreement by a Party shall not terminate <br /> an existing contract between a Party and a vendor. <br /> ARTICLE IV <br /> PURCHASING <br /> Each Party shall designate a person to act on their behalf in all matters relating to the cooperative purchasing <br /> program. All purchases shall be effected by a purchase order or contract from the purchasing Party and <br /> directed to the vendor(s). The Parties shall make payments directly to vendors under the contracts made <br /> under Chapter 271, Subchapter F, Texas Local Government Code and applicable Indiana Code sections. <br /> The purchasing Party shall be responsible for the vendors'compliance with provisions relating to the quality <br /> of items and terms of delivery. The originating contracting Party is not responsible or liable for the <br /> performance of any vendor used by the purchasing Party as a result of this Agreement. <br /> ARTICLE V <br /> CURRENT REVENUE <br /> The Parties warrant that all payments, expenditures, contributions, fees, costs, and disbursements, if any, <br /> required of it hereunder or required by any other agreements,contracts,and documents executed, adopted, <br /> or approved pursuant to this Agreement, which shall include any exhibit, attachment, addendum, or <br /> associated document,shall be paid from current revenues available to the paying Party. The Parties hereby <br /> warrant that no debt is created by this Agreement and that any debt created through a purchase shall be the <br /> sole obligation of the purchasing Party and no obligation or liability for such debt shall be a liability of the <br /> other Parties. <br /> Interlocal Purchase Agreement Page 2 of 4 <br />