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Res 2012-155
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Res 2012-155
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Last modified
3/26/2013 3:30:56 PM
Creation date
12/12/2012 12:53:33 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2012-155
Date
12/4/2012
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P. Force Majeure. If by reason of Force Majeure any Party hereto will be rendered unable <br />wholly or in part to carry out its obligations under this Funding Contract, then if such Party will <br />give notice and full particulars of such Force Majeure in writing to the other Party within a <br />reasonable time after the occurrence of the event or cause relied on, the obligation of the Party <br />giving such notice, so far as its performance is prevented by such Force Majeure, will be <br />suspended during the continuance of the inability then claimed, but for no longer period, and any <br />such Party will endeavor to remove or overcome such inability with reasonable dispatch. The <br />term "Force Majeure" as employed herein will mean acts of God, strikes, lockouts or other <br />industrial disturbances, acts of public enemy, orders of any kind of the Government of the United <br />States or the State of Texas, regulatory restrictions imposed on the EAA by the Texas <br />Legislature, any civil or military authority, insurrection, riots, epidemics, landslides, lightning, <br />earthquake, fires, hurricanes, tornados, blue northers, storms, floods, washouts, any drought <br />defined as an Unforeseen Circumstance in Section 8.2 of the EAHCP, restraint of government <br />and people, civil disturbances, explosions, extraordinary breakage or accidents to machinery, <br />pipelines or canals, partial or entire failure of water supply, or on account of any other causes to <br />the extent not reasonably within the control of the party claiming such inability. The Parties <br />acknowledge that nothing in this provision affects the authority of the Service to suspend or <br />revoke the Permit, either partially or in its entirety, as to the Party experiencing the inability or as <br />to all Parties. <br />Q. Remedies. The Parties recognize that failure in the performance of any Party's <br />obligations hereunder may not be measurable solely in money damages. Each Party therefore <br />agrees in the event of any default on its part that each Party will have available to it, in addition <br />to all other legal remedies, the equitable remedy of mandamus and /or specific performance, but <br />not termination as long as the ITP is outstanding. It is the intent of the Parties to this Funding <br />Contract that any default may be subject to the remedy of mandamus and /or specific <br />performance to the extent that mandamus and /or specific performance is possible under the <br />existing circumstances. If the EAA fails to appropriate funds necessary to discharge that Party's <br />obligations under this Funding Contract and a court of competent jurisdiction fails to enforce that <br />obligation, then this Funding Contract will terminate, and the other Parties will have the right to <br />petition the Service to terminate the ITP with regard to the EAA. <br />R. Default — Notice and Opportunity to Cure. If any Party fails to perform any obligation <br />or make any payment in the required amount when due under this Funding Contract, the other <br />Party may, without prejudice to any other right or remedy it may have under this Funding <br />Contract, provide written notice of default to the nonperforming Party. If written notice of <br />default is provided to a nonperforming Party, a copy of said notice will also be provided to the <br />Implementing Committee. The nonperforming Party has 60 days from receipt of the notice <br />within which to remedy the default. <br />S. Rights Regarding Books and Records. Each Party will permit the other Party upon <br />reasonable notice to examine and copy all the books and records kept by the Party regarding this <br />Funding Contract. In addition, upon reasonable prior written notice to the other Party, any Party <br />may conduct a complete audit of the books and records kept by the Party regarding this Funding <br />Contract and the approved Application as well as upon the information and documentation used <br />to prepare the books and records. Any such audit will be at the requesting Party's sole expense <br />12 of 15 <br />
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