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2005 - 09-19-05 Regular Meeting
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2005 - 09-19-05 Regular Meeting
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2/25/2009 2:41:26 PM
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1/16/2009 3:11:26 PM
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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0 GCuX 0 FACE 6:09 <br />It is anticipated that this Agreement shall remain in full force and effect for <br />a period of three years. However, either party may terminate without cause <br />upon 120 days prior written notice and payment shall be made by <br />HighetKracker to LCT through the termination date. LCT may terminate for <br />cause upon 120 days prior written notice and payment shall be made by <br />HighetKracker to LCT through the termination date. Additionally, <br />HighetKracker understands that LCT may have its funding reduced or <br />terminated and therefore be unable to operate its system. In such event, this <br />agreement shall automatically terminate and payment shall be made by <br />HighetKracker to LCT through and including the actual termination date <br />and removal of advertising. <br />In the event of such and at such time as this Agreement is terminated by <br />either party in accordance with the foregoing provisions, LCT shall not be <br />responsible for reimbursement of fees paid by HighetKracker advertisers <br />nor shall it be liable to HighetKracker or its advertisers in any manner <br />whatsoever. <br />This Agreement may not be assigned without the prior written consent of <br />the other party. Any modification or amendment to this Agreement shall be <br />in writing and signed by the parties with the same formality as this <br />Agreement. <br />This Agreement shall take effect on September 01, 2005 and shall be in <br />effect through FY2008 (the 30'h day of September, 2008.) <br />3 <br />
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