General Provisions (For. All Employees)
General Provisions (For. Termination Upon termination of the contract, the City of Nashua may take over the work and prosecute it to completion by agreement with another party or otherwise. In the event Independent Contractor shall cease conducting business, the City of Nashua shall have the right to solicit applications for employment from any employee of the Independent Contractor assigned to the performance of the contract. Neither party shall be considered in default of the performance of its obligations hereunder to the extent that performance of such obligations is prevented or delayed by any cause, existing or future, which is beyond the reasonable control of such party. Delays arising from the actions or inactions of one or more of Independent Contractor's principals, officers, employees, agents, subcontractors, consultants, vendors, or suppliers are expressly recognized to be within Independent Contractor's control.
General Provisions (For. Corporate Escrow Agreements Agent due to the interpleader action, which Buyer and Sellers’ Representative on behalf of the Sellers jointly and severally agree to pay. Upon initiating such action and depositing all such documents and funds in escrow with the clerk of a court of competent jurisdiction, the Escrow Agent shall be fully released and discharged of and from all obligations imposed by the terms of this Escrow Agreement except for obligations incurred as a result of the gross negligence or willful misconduct of the Escrow Agent.
