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Agmt00 Noresco
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Agmt00 Noresco
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Last modified
9/26/2005 12:10:03 PM
Creation date
9/22/2005 4:20:20 PM
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Template:
Agreement
Contractor Name
Noresco
PROJECT NAME
energy services & conservation
RMP File Number
304
Date
12/19/2000
Reso Ref
14110
MO Ref
02-39
Box
6039
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<br />SECTION 9 - Remedies for Defaults <br /> <br />(a) <br /> <br />(b) <br /> <br />In the event Customer defaults under this Agreement, NORESCO may: <br /> <br />(i) <br /> <br />bring actions for any remedies available at law or in equity or other <br />appropriate proceedings for the recovery of direct damages, <br />(including amounts past due). <br /> <br />In the event NORESCO defaults under this Agreement, Customer may: <br /> <br />(i) <br /> <br />bring actions for any remedies at law or in equity or other <br />appropriate proceedings for the recovery of direct damages. <br /> <br />SECTION 10 - Dispute Resolution <br /> <br />(a) <br /> <br />(b) <br /> <br />(c) <br /> <br />In the event of any Customer dissatisfaction with the System, Customer <br />shall deliver a written notice setting forth in reasonable detail the matter in <br />question to NORESCO. Any complaint or dispute which cannot be <br />settled by negotiation between the Parties within sixty (60) days of such <br />notice may upon the request of either party be submitted to arbitration <br />pursuant to paragraph (b). <br /> <br />Any dispute, controversy, or claim arising out of or relating to this <br />Agreement, or any breach or alleged breach thereof, shall, upon the <br />request of any party, be submitted to and settled by arbitration in <br />conformance with the Commercial Arbitration rules of the American <br />Arbitration Association. Any award rendered shall be final and conclusive <br />on the parties, and a judgment therein may be entered only in a state or <br />federal court having jurisdiction. The expense of arbitration shall be borne <br />equally by the parties, provided that each party shall pay for and bear the <br />cost of its own experts, evidence, and counsel. <br /> <br />No request for arbitration or pending arbitration shall: (i) suspend or <br />otherwise affect the Customer's obligation to pay any applicable invoices <br />submitted by NORESCO as provided in Section 2 ; and (ii) NORESCO 's <br />duties to continue to perform its obligations under this Agreement. <br /> <br />-6- <br /> <br />12/12/00 <br />
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