Laserfiche WebLink
a collection agency at the solo discretion of Iron Mountain, Notwithstanding, the non - performance of any obligations of <br />Depositor to deliver Deposit Material under the License Agreement or this Agreement, Iron Mountain is entitled to be paid <br />all Service Fees that accrue during the Term of this Agreement. All Service Fees will not be subject to offset except as <br />specifically provided hereunder. <br />6. Term and Terminah'orl. <br />(a) The initial "Perm" ofthis Agreement is for a period of one (1) year from the Effective Date and will automatically <br />renew for additional one (1) year Terms and continue in full force and effect until one of the following events occur: <br />(i) Depositor and Beneficiary providejoint written instructions of their intent to cancel this Agreement within sixty <br />(60) days to Iron Mountain; (ii) Beneficiary provides a sixty (60) day written notice regarding cancellation of this <br />Agreement to both Depositor and Iron Mountain; or (iii) Iron Mountain provides a sixty (60) day written notice to the <br />Depositor and Beneficiary Authorized Persons that it can no longer perform the Services under this Agreement. <br />(b) In the event this Agreement is terminated under Sections 6(a)(i) or 6(a)(ih) above, Depositor and Beneficiary may <br />provide Iron Mountain with joint written instructions authorizing Iron Mountain to forward the Deposit Material to <br />another escrow company and/or agent or other designated recipient. If Iron Mountain does not receivejoint written <br />instructions within sixty (60) calendar days after the date of the notice of termination, Iron Mountain shall return or <br />destroy the Deposit Material.. <br />(c) In the event of the nonpayment of Service Fees owed to Iron Mountain, Iron Mountain shall provide all Parties to this <br />Agreement with notice by electronic mail and/or regular mail. Any Party to this Agreement shall have the right to <br />make the payment to Iron Mountain to cure the default. If the past due payment is not received in full by Iron <br />Mountain within thirty (30) calendar days of the date of such notice, then Iron Mountain shall have the right to <br />terminate this Agreement at any time thereafter by sending notice by electronic mail and/or regular mail of <br />termination to all Parties. Iron Motutain shall have no obligation to take any action under this Agreement so long as <br />any Iron Mountain invoice issued for Services rendered under this Agreement remains uncollected. <br />7. Generalludemnity. <br />Each Party shall defend, indemnity and hold harmless the others, their corporate affiliates. anti their respective officers, <br />directors, employees, and agents and their respective successors and assigns from and against any and all claims, losses, <br />liabilities, damages, and expenses (including, without limitation, reasonable allomeys' fees), arising under this Agreement <br />from the negligent or intentional acts or omissions of the indemnifying Party or its subcontractors, or the officers, <br />directors, employees, agents, successors and assigns of any of them. <br />g. Warrant €es. <br />(a) Iron Mountain. ANY AND ALL SERVICES PROVIDED HEREUNDER SHALL BE PERFORMED IN A <br />WORKMANLIKE MANNER. EXCEPT AS SPECIFIED IN THIS SECTION, ALL EXPRESS OR IMPLIED <br />CONDITIONS, REPRESENTATIONS, AND WARRANTIES INCLUDING, WITHOUT LIMITATION, ANY <br />IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR <br />PURPOSE, SATISFACTORY QUALITY, AGAINST INFRINGEMENT OR ARISING FROM A COURSE OF <br />DEALING, USAGE, OR TRADE PRACTICE, ARE HEREBY EXCLUDED TO THE EXTENT ALLOWED BY <br />APPLICABLE LAW. AN AGGRIEVED PARTY MUST NOTIFY IRON MOUNTAIN PROMPTLY OF ANY <br />CLAIMED BREACH OF ANY WARRANTIES AND SUCH PARTY'S SOLE AND EXCLUSIVE REMEDY FOR <br />BREACH OF WARRANTY SHALL BE RETURN OF THE PORTION OF THE FEES PAID TO IRON <br />MOUNTAIN BY PAYING PARTY FOR SUCH NON- CONFDRM NG SERVICES, THIS DISCLAIMER AND <br />EXCLUSION SHALL APPLY EVEN IF THE EXPRESS WARRANTY AND LIMITED REMEDY SET FORTH <br />ABOVE FAILS OF ITS ESSENTIAL PURPOSE. THE WARRANTY PROVIDED IS SUBJECT TO THE <br />LIMITATION OF LIABILITY SET FORTH IN SECTION l I HEREIN. <br />(b) Depositor. Depositor warrants that all Depositor Information provided hereunder is accurate and reliable and <br />undertakes to promptly correct and update such Depositor Information during the Tenn of this Agreement, <br />(c) 8enefic.ii- Beneficiary warrants that all Beneficiary Information provided hereunder is accurate and reliable and <br />undertakes to promptly correct and update such Beneficiary Information during the Term of this Abneement. <br />9. Insurance. <br />Iron Mountain shall, at its solo cost and expense, throughout the term of this Agreement, procure and maintain in full force <br />and effect, the following insurance coverage, with an insurance carrier that is rated B+ or better by A.M. Best. <br />MA3. 100105 NA <br />25B -129 <br />Page 3 of 16 <br />