first_funding_agreement

first_funding_agreement - FUNDING AGREEMENT CONSORTIUM OF...

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FUNDING AGREEMENT CONSORTIUM OF EUROPEAN RESEARCH LIBRARIES -and- CONSORTIUM MEMBERS DATED………………… THIS AGREEMENT is made the day of 2001 BETWEEN 1. (See schedule 1 for list of parties) 2. Consortium of European Research Libraries, the registered office of which is at Finsbury Business Centre, Room 31, 40 Bowling Green Lane, London EC1R 0NE, a company registered in England and Wales with the number 2942632 ("the Company") WHEREAS: (A) The parties hereto wish to continue to co-operate for the primary purpose of developing and providing access to a bibliographic database of catalogue records drawn from the records of libraries around Europe of printed material produced before 1830, and for exploiting this for the benefit of libraries and scholarly research. B) Using the competitive tendering procedure laid down in the Services Directive 92/50/EEC (and implemented by the Public Services Contracts Regulations 1993) the Consortium has selected RLG for the time being to be the host computer service for this database. (C) The parties are members or special members of the Company which is a company limited by guarantee and which was established to regulate dealings between the parties and to serve as a vehicle for the members collectively to enter into an Agreement with a database host for the supply of the on-line computer service (the "Service Agreement") (D) This Agreement establishes the funding arrangements in respect of the development and maintenance of the database, and the payment of sums due to the host under the service agreement. NOW THE PARTIES AGREE as follows: 1. INTERPRETATIONS 1.1 The following terms shall have the meanings set out below:
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1.1.1 "Company's Bank Account" means the account held at Lloyds Bank, Victoria House, Southampton Row, London WC1B 5HR. 1.1.2 "Contingency Fund" means the fund established by the Parties hereto and held at Lloyds Bank, Victoria House, Southampton Row, London WC1B 5HR. 1.1.3 "Default" means any breach of the obligations of any party under this Agreement, including but not limited to, a failure to make any of the payments set out in Clause 2.1. 1.1.4 "Defaulting Party or Parties" means a party or parties which commits an act of Default. 1.1.5 "Director" means a director of the Company from time to time. 1.1.6 "Memorandum and Articles of Association" means the memorandum and articles of association from time to time of the company. 1.1.7 "The Database" means the catalogue records used and retrieved by researchers and the library community which is to be maintained using both batch and on-line procedures. 1.1.8 "RLG" means Research Libraries Group Inc of 1200 Villa Street, Mountain View, California 94041-ll00 USA. 2.
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first_funding_agreement - FUNDING AGREEMENT CONSORTIUM OF...

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