Execulink definition
Examples of Execulink in a sentence
Licensor and Execulink each consent to the exclusive personal jurisdiction of the Canadian Radio-television and Telecommunications Commission and to the personal jurisdiction and venue of the courts located in Toronto, Ontario for any suits or causes of action connected in any way, directly or indirectly, to the subject matter of this Agreement.
Execulink shall maintain at all times during the Term, from insurance companies which have a Best’s Key Rating Guide rating of at least A, Commercial general liability insurance including coverage for personal injury, bodily injury, death and broad form property damage, including loss of use of property, occurring in the course of or in any way related to Execulink’s operations, in the amount of not less than Two Million Dollars ($2,000,000.00) combined single limit per occurrence.
The Licensor shall not charge Execulink any rent, royalty, occupancy fees or any amounts related to the availability or consumption of utilities, or any other charges whatsoever, for the Term of this Agreement.
Execulink’s Telecommunications Equipment shall also remain Execulink’s personal property upon the termination of the Agreement and shall be removable by Execulink.
Upon any Transfer, the Licensor shall cause the transferee to execute and deliver to Execulink an agreement whereby the transferee agrees to assume and be bound by all the rights and obligations of the Licensor as set out herein as they apply to the Subject Building as if the transferee was an original signatory hereof (the “Assumption”).
Licensor agrees to provide, at its sole expense, emergency or “backup” power to Execulink for the duration of any unplanned electricity outages.
In the event that any non-renewal or termination rights are exercised pursuant to this Agreement, Execulink is entitled to uninstall, remove, recover and / or salvage any Execulink’s Telecommunications Equipment.
Licensor agrees to pay all utility fees and charges related to the electricity consumption that Execulink reasonably requires for the performance of its obligations under this Agreement.
The relationship between the Licensor and Execulink is solely that of independent contractors, and nothing in this Agreement shall be construed to constitute the Parties as employer/employee, landlord/tenants, partners, joint venturers, co- owners or otherwise as participants in a joint or common undertaking.
Upon termination, rights of ownership with respect to Execulink’s Wire will transfer from Execulink to Licensor.