Page 537 - Aida Hovsepian Onboarding
P. 537

Section 31 -  Relationship of Parties.
            Relationship  of  Parties.  Supplier  is  an  independent  contractor  with  respect  to  performance  of  its  obligations  under  this
            Agreement.  Nothing  contained  in  this  agreement  creates  the  relationship  of  partner,  principal  and  agent,  or  joint  venture
            between the parties. Supplier has no right or authority to incur obligations of any kind in the same of or for the account of the
            Co-op, its Selected Buyers, or the Servicers, or to commit or bind the Co-op, its Selected Buyers, or the Servicers to any
            contract or other obligation.

             Section 32 -  Time is of the Essence.
            Time is of the Essence. All times specified in this Agreement for the performance of each party’s obligations are deemed of
            the essence. Acceptance of a late performance, with or without objection or reservation, does not waive the right of the Co-
            op, its Selected Buyers, or the Servicers to claim damages where supported by applicable law, nor to avail itself of any other
            remedy provided under this Agreement or otherwise for such breach, nor constitute a waiver of the requirement of timely
            performance of any obligations remaining to be performed by the delinquent party.


             Section 33 -  Force Majeure.
            Force Majeure. If fires, accidents, epidemics, embargos or directions of any governmental authority, acts of God, or other
            causes, or the anticipation or fear of such events or causes, that result in a verifiable Product failure and are beyond the
            control of Supplier, the Co-op, and/ or its Selected Buyers (a “Force Majeure Event”)  materially affects Supplier’s, the Co-
            op’s, or its Selected Buyers’ respective abilities to supply, order, effectively utilize, or take delivery of Products, as applicable,
            then Supplier, the Co-op, or its Selected Buyers, as appropriate, may, without liability to the others, suspend the production,
            order, or acceptance of Products, as applicable, or terminate this Agreement in whole or in part, but only to the extent the
            Force Majeure Event prevents, or in the case of effective utilization, impedes, Supplier, the Co-op, or its Selected Buyers, as
            applicable, from performing obligations under this Agreement.


             Section 34 -  Severability.
            Severability. If any term of this Agreement or application of a term of this Agreement is invalid, illegal, unconscionable, or
            unenforceable in any respect, then the validity, legality, and enforceability of remaining terms of this Agreement, and any
            other application of said terms, are not in any way affected or impaired thereby.

             Section 35 -  Assignment; Changes in Control.
            Assignment; Changes in Control. Supplier may not assign its rights or obligations under this Agreement without the Co-
            op’s prior written consent. The Co-op may, without Supplier’s consent, assign its rights and obligations under this Agreement
            to one or more of its Selected Buyers. Supplier shall provide to the Co-op prompt notice in writing of any change in control of
            Supplier. A change in control means one or more transactions or events in which, or after which, 25% or more of the
            ownership or ability to control Supplier has changed from one Person or group of Persons acting in concert to another
            Person or group of Persons acting in concert.


             Section 36 -  Remedies.
            Remedies.  Nothing  in  this  Agreement  limits  the  remedies  which  may  be  provided  to  the  Co-op,  Selected  Buyers,  or  the
            Servicers at law or in equity in connection with the sale and purchase of Products. All rights and remedies of the parties are
            cumulative and not alternative, in addition to and not exclusive of any other rights or remedies provided for in this Agreement
            which may be provided or permitted by law or equity in case of any breach, failure, or default, or any threatened breach,
            failure,  or  default  of  any  term,  covenant,  or  condition  of  this  Agreement.  The  rights  and  remedies  afforded  either  party,
            including those referenced in Section 22, are continuing and not exhausted by any one or more uses of such rights and
            remedies; may be exercised at any time or from time to time; and any option or election to enforce any such right or remedy
            may be exercised or taken at any time and from time to time. This Agreement’s termination, or the change in status of a
            party,  does  not  discharge  or  release  any  party  from  any  liability  or  obligation  then  accrued,  or  any  liability  or  obligation
            continuing, or intended by its nature or terms to continue, beyond or arising out of this Agreement’s termination, or such
            change in status, including any of Supplier’s warranties.

             Section 37 -  Waiver.
            Waiver.  Either  party’s  failure  or  delay  to  exercise  any  right,  power,  privilege,  or  remedy  under  this  Agreement  does  not
            constitute a waiver of such right, power, privilege, or remedy. No waiver by either party of any provision of this Agreement is
            deemed to have been made unless such waiver is made in writing and signed by the party in which enforcement is sought.
   532   533   534   535   536   537   538   539   540   541   542