EP 1130-2-500
27 Dec 96
c. In the event that either party elects to terminate this Agreement pursuant to this
Article, both parties shall conclude their activities relating to the Project and proceed to a final
accounting in accordance with Article II of this Agreement.
d. Any termination of this Agreement or suspension of future performance under this
Agreement in accordance with this Article shall not relieve the parties of liability for any
obligation previously incurred. Any delinquent payment shall be charged interest at a rate, to be
determined by the Secretary of the Treasury, equal to 150 per centum of the average bond
equivalent rate of the 13-week Treasury bills auctioned immediately prior to the date on which
such payment became delinquent, or auctioned immediately prior to the beginning of each
additional 3-month period if the period of delinquency exceeds 3 months.
ARTICLE X - NOTICES
a. Any notice, request, demand, or other communication required or permitted to be
given under this Agreement shall be deemed to have been duly given if in writing and delivered
personally or by telegram, or mailed either by first-class, registered, or certified mail, as follows:
If to the Partner:
Mayor
City Hall
Address
City, State 00000
If to the Government: District Commander
U.S. Army Engineer District
Address
City, State 00000
b. A party may change the address to which such communications are to be directed by
giving written notice to the other party in the manner provided in this Article.
c. Any notice, request, demand, or other communication made pursuant to this Article
shall be deemed to have been received by the addressee at the earlier of such time as it is actually
received or seven calendar days after it is mailed.
ARTICLE XI - CONFIDENTIALITY
To the extent permitted by the laws governing each party, the parties agree to maintain the
confidentiality of exchanged information when requested to do so by the providing party.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement, which shall
become effective upon the date it is signed by the Commander, ______________ District.
U-5
Previous Page
