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2019-109C.1
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2019-109C.1
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Last modified
12/27/2019 1:57:18 PM
Creation date
11/18/2019 12:52:38 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/16/2019
Control Number
2019-109C.1
Agenda Item Number
15.B.4.
Entity Name
Indian River Eco District, LLC
Solid Waste Disposal District (SWDD)
Subject
Landfill Gas Agreement
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Final Version <br />and adverse claims, including but not limited to liens used to secure payment of production taxes, <br />severance taxes, or other taxes. <br />ARTICLE 13 - TERMINATION AND REMEDIES <br />13.1 Delay in Achieving LFG Commencement Date. If the LFG Commencement Date <br />has not occurred within twelve (12) months following the Effective Date for reasons other than <br />Force Majeure events or the acts or omissions of the District, District may issue written notice to <br />Company electing to terminate this Agreement six (6) months following the date such written <br />notice is issued. If the LFG Commencement Date occurs within six (6) months after Company <br />receives such written notice, then this Agreement will not terminate and shall continue in full force <br />and effect. If the LFG Commencement Date does not occur within six (6) months after Company <br />receives such written notice for reasons other than Force Majeure events or the acts or omissions <br />of the District, then this Agreement shall terminate and neither Party shall have any further rights, <br />obligations or Iiabilities hereunder. <br />13.2 Default and Termination. <br />A. Events of Default. Either Party may immediately terminate this Agreement <br />on written notice to the other Party for cause, without prejudice to any other rights or <br />remedies the terminating Party may have under applicable law, except as provided <br />herein, when there is an Event of Default by the other Party. An event of default (an <br />"Event of Default") shall occur if a Party shall (1) suspend or liquidate its business, <br />(2) become insolvent or subject to a petition of involuntary bankruptcy and the <br />appointment of a trustee or receiver, (3) make an assignment for the benefit of creditors, <br />other than as permitted in Section 16.11, or (4) fail to perform a material obligation <br />under this Agreement and such failure is not cured within thirty (30) days after receipt <br />of written notice of such failure or, if such failure cannot reasonable be cured within <br />such thirty (30) day period, a good faith reasonable plan to correct the failure within <br />sixty (60) days is not implemented within such thirty (30) day period. <br />B. Remedies. Except as otherwise set forth herein, in the event of a breach by <br />a Party of any of its obligations hereunder, the other Party shall have the rights specified <br />herein, and any remedy to which it is entitled at law or in equity for such breach, subject <br />to Exclusivity of Remedies below. <br />C. Exclusivity of Remedies. Each Party waives all claims against the other <br />Party (and against the affiliates of each, and their respective members, shareholders, <br />officers, directors, agents and employees) for any consequential, incidental, indirect, <br />special, exemplary or punitive damages arising out of this Agreement; and, regardless <br />of whether any such claim arises out of breach of contract, guaranty or warranty, tort, <br />product liability, indemnity, contribution, strict liability or any other legal theory, each <br />Party hereby releases the other Party from any such liability. This waiver and exclusion <br />shall apply even if any express warranty set forth herein fails its essential purpose. Any <br />liquidated damages payable under this Agreement shall not be deemed consequential <br />22 <br />
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