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2006-075-RES-LAMAR CO. WATER SUPPLY DISTRICT
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2006-075-RES-LAMAR CO. WATER SUPPLY DISTRICT
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8/18/2006 4:26:32 PM
Creation date
5/10/2006 11:56:41 AM
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CITY CLERK
Doc Name
2006
Doc Type
Resolution
CITY CLERK - Date
5/8/2006
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<br />proceeding remains uncontested for sixty (60) days or (ii) otherwise becomes <br />bankrupt or insolvent (however evidenced); or <br /> <br />(c) Any representation or warranty fumished by LCWSD is false or misleading in <br />any material respect when made. <br /> <br />6.2 DEF AUL T BY PARIS. In addition to the other tennination provisions of this <br />Agreement, each of the following events or conditions shall constitute an "Event of <br />Default" by Paris hereunder for which LCWSD may tenninate the Agreement as <br />provided in Article 6.4: <br /> <br />(a) Paris fails to observe or perfonn any of its covenants or material duties or <br />obligations contemplated by this Agreement, and such failure is not cured within <br />thirty (30) days after notice thereof from LCWSD; <br /> <br />(b) Paris (i) files a petition or otherwise commences, authorizes or acquiesces in the <br />commencement of a proceeding or cause under any bankruptcy or similar law for <br />the protection of creditors, or have such petition filed against it, and such <br />proceeding remains uncontested for sixty (60) days, or (ii) otherwise become <br />bankrupt or insolvent (however evidenced); or <br /> <br />(c) Any representation or warranty fumished by Paris is false or misleading in any <br />material respect when made. <br /> <br />6.3 REMEDIES. Upon the occurrence of an Event of Default, the non-defaulting Party shall <br />have the right to the following remedies in addition to the right to terminate as provide in <br />Aliicle 6.4: <br /> <br />(a) Suspend services and withhold any payments due hereunder until the defaulting <br />Patiy has cured such Event of Default; <br /> <br />(b) In the event of a Paris Event of Default, exercise equitable remedies, specifically <br />limited to the right of specific perfonnance and the right of injunctive relief; and <br /> <br />(c) In the event of a LCWSD Event of Default, exercise all remedies available at law <br />or at equity, except as limited herein. <br /> <br />6.4 TERMINATION RIGHTS. Either Party shall have the right to terminate this <br />Agreement, without charge or penalty, upon the occurrence of an Event of Default by the <br />other Party that continues without cure for more than one hundred eighty (180) <br />consecutive days after notice. <br /> <br />ARTICLE VII - FORCE MAJEURE <br /> <br />7.1 FORCE MAJEURE. The term "force majeure" as employed herein shall mean acts of <br />God, strikes, lockouts or other industrial disturbances, acts of public enemy, war, orders <br /> <br />20 Paris/LCWSD Wholesale Treated Water Contract <br />
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