1975 Noble Road, East Cleveland, Ohio 44112 www.gecurrent.com
7.2 Without limiting any of our rights or remedies, we may suspend provision of the Products under the contract or any other contract between us
if you become subject to any of the events listed in Section 7.1, or we reasonably believe that you are about to become subject to any of them,
or you fail to pay any amount due under this contract on the due date for payment.
7.3 Without limiting our other rights or remedies, we may terminate the contract with immediate effect by giving written notice to you if you fail to
pay any amount due under the contract on the due date for payment.
7.4 On termination of the contract for any reason (including as a result of force majeure per Section 8, you will immediately pay all of our outstanding
unpaid invoices and interest, and fees allocable to Products supplied but for which no invoice has been submitted, we’ll send you an invoice,
which shall be payable immediately on receipt.
7.5 Termination of the contract, however arising (including as a result of force majeure per Section 8, shall not affect any of the parties’ rights and
remedies that have accrued as at termination, including the right to claim damages arising from any breach of the contract which existed at or
before the date of termination.
7.6 Any provision of the contract that expressly or by implication is intended to come into or continue in force on or after termination of the contract
shall remain in full force and effect.
8. Force Majeure
Neither party shall be in breach of the contract nor liable for delay in performing, or failure to perform, any of its obligations under the contract
if such delay or failure is a direct or proximate result from an event, circumstance, or cause beyond a party’s reasonable control after such party
has expended a good faith and reasonable effort to perform its obligations despite the event, circumstance, or cause. In such circumstances, the
time for performance shall be extended by a period equivalent to the period during which performance of the obligations has been delayed or
failed to be performed. If the period of delay or non-performance continues for 90 days, the party not affected may terminate this agreement
by giving 10 days’ written notice to the affected party.
9. General
9.1 Assignment and transfer
(a) We may at any time assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with all
or any of our rights or obligations under the contract.
(b) You may not assign, transfer, mortgage, charge, subcontract, delegate, declare a trust over or deal in any other manner with all or any
of your rights or obligations under the contract without our prior written consent.
9.2 Confidentiality & Data Protection
(a) Each party represents that it shall not any time during the contract and for a period of 2 years after completion or termination of the
contract, disclose to any person any confidential information concerning the business, affairs, customers, clients or suppliers of the
other party, except as permitted by Section 9.2(b).
(b) Each party may disclose the other party’s confidential information: (i) to its employees, officers, affiliates, representatives or advisors
who need to know such information for the purposes of exercising the party’s rights or carrying out its obligations under the contract,
provided that each party shall ensure that any such recipient of confidential information also complies with this Section 9.2; and (ii)
as may be required by law, a court of competent jurisdiction, or any governmental or regulatory authority.
(c) Neither party shall use the other party’s confidential information for any purpose other than to exercise its rights and perform its
obligations under or in connection with the contract.
(d) Each party shall comply with all the obligations imposed on a controller under any applicable local, state, provincial, or federal law or
regulation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a
party relating to the use of personal data (including, without limitation, the privacy of electronic communications).
9.3 Entire Agreement
(a) This contract constitutes the entire agreement between the parties and supersedes and terminates all previous agreements, promises,
assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
(b) Each party agrees that it shall have no remedies in respect to any statement, representation, assurance or warranty (whether made
intentionally or negligently) that is not set out in this contract. Each party agrees that it shall have no claim for intentional or negligent
misrepresentation or negligent misstatement based on any statement in this contract.