Common use of 2General Clause in Contracts

2General. The Judicial Council may terminate this SLA for any reason, upon fifty (50) calendar days written notice to Licensee with a copy to any Lender whose name and contact information has been provided by Licensee to the Judicial Council. In the event the Judicial Council terminates this SLA pursuant to this section none of the Parties shall be in default solely as a result of the Judicial Council’s election to terminate hereunder, and Licensee shall, upon the Judicial Council’s request, fulfill its obligations under Section 11.1. Provided that Licensee was in compliance with this SLA at the time of the Judicial Council’s notice as provided above and Licensee continues to be in compliance with this SLA through the completion of its obligations under Section 11.1 hereof, the Judicial Council shall within sixty (60) calendar days of the Judicial Council’s acceptance of Licensee’s performance of its obligations under Section 11.1 pay Licensee its actual damages established according to proof. No actual damages established according to proof shall be due if the Parties mutually agree to the Judicial Council’s purchase of the System at such price as may be agreed between them based on the fair market value of the System and as consented to by the Lender.

Appears in 5 contracts

Samples: Site License Agreement, Site License Agreement, Site License Agreement

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2General. The Judicial Council may terminate this SLA for any reason, upon fifty (50) calendar days written notice to Licensee with a copy to any Lender whose name and contact information has been provided by Licensee to the Judicial Council. In the event the Judicial Council terminates this SLA pursuant to this section none of the Parties shall be in default solely as a result of the Judicial Council’s election to terminate hereunder, and Licensee shall, upon the Judicial Council’s request, fulfill its obligations under Section 11.1. Provided that Licensee was in compliance with this SLA at the time of the Judicial Council’s notice as provided above and Licensee continues to be in compliance with this SLA through the completion of its obligations under Section 11.1 hereof, the Judicial Council shall within sixty (60) calendar days of the Judicial Council’s acceptance of Licensee’s performance of its obligations under Section 11.1 pay Licensee its actual damages established according to proof. No ; that no actual damages established according to proof shall be due if the Parties mutually agree to the Judicial Council’s purchase of the System at such price as may be agreed between them based on the fair market value of the System and as consented to by the Lender.

Appears in 1 contract

Samples: Site License Agreement

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