Artist’s Remedies for City’s Default Sample Clauses

Artist’s Remedies for City’s Default. In the event City terminates the Agreement, or in the event City is in default and whether or not Artist elects to exercise its right to terminate the Agreement, Artist’s sole monetary remedy is (i) with respect to services compensable on an hourly basis, a claim for unpaid invoices, hours worked within any limits set forth in this Agreement but not yet billed, authorized expenses incurred and interest of two-thirds of one percent per month, but not more than eight percent per annum, and (ii) with respect to deliverable based Work, a claim for the sum designated for completing the deliverable multiplied by the percentage of Work completed and accepted by City, less previous amounts paid and any claim(s) that City has against Artist. In no event will City be liable to Artist for any expenses related to termination of this Agreement or for any anticipated profits. If previous amounts paid to Artist exceed the amount due to Artist under this subsection, Artist must pay immediately any excess to City upon written demand provided.
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Related to Artist’s Remedies for City’s Default

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  • Further Assurances Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

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