Contract Termination Rights Upon Breach and Failure to Cure
Synthèse Legislator
Généré par l'IAThe case concerns whether a party asserting a right to relief based on a contract's termination clause was entitled to the relief requested, specifically concerning an alleged breach of a covenant regarding property development and an extension of time to cure. The court reasoned that the language of the termination clause unambiguously granted the non-breaching party the right to terminate upon the specified notice period following the breach, without requiring any further action or finding of material breach, and that the extension clause, which allowed for an extension of time to cure, did not negate the right to terminate once the cure period had passed without resolution, thus affirming the termination based on the clear contractual terms.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF, Art. 68 al. 2 LTF, Art. 68 al. 5 LTF; Contract Termination Rights Upon Breach and Failure to Cure: The court reasoned that the language of the termination clause unambiguously granted the non-breaching party the right to terminate upon the specified notice period following the breach, without requiring any further action or finding of material breach, and that the extension clause, which allowed for an extension of time to cure, did not negate the right to terminate once the cure period had passed without resolution, thus affirming the termination based on the clear contractual terms.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAThis provision is cited in the dispositive (order 64) concerning the allocation of costs.
This provision is cited in the dispositive (order 64) concerning the allocation of costs.
This provision is cited in the dispositive (order 64) concerning the allocation of costs.
Texte complet
&'()*&'++, &*(+&'++)
- # #
./ 0 " '0 1 '++)
2 3"
(!#(" !"!#$!%&'$#(('#')&$*((!+$"'%"
3
,) -- -!%#*( *"./ (&0#(" - !"!#$!%&'$#(('#')&$*(( !+$""" - #*"('& ! '&# !"!#$!%&'$#(('#')&$*(( !* !+$"'%"
!" # $ %" "
5.675
$
6 #*" 85! "9 : ')! '& # !*; #& ' 6171 ! $"!%!''& # <*!'$&( "&(#$(*#'(=!(#$"!$#('!&$& 85 ! "9:'!(!#(";
''5!!*"&$* '>& *"'! "$(?!##!(!'!(!* "9 ('! !?#@ -- (#$'("$$A'?!$##$&$& " " !" , ) -- 85! "9 : '! (&0#("; #$"!$ (!$&(*..#%A".446 "&%$'%"#$(*!'!"!*"&B#$ *"#$ #(!#$274C*"*(&(*$#()*#(&'!(!"#(/4C*"!#<*)*#0" C*(!" B #9% *" $* '$? # (&*'!#$ ' $ !"$ ( #($# ?&#&"!'(#$'!$#*""!D!#&#$!#$<*(A#(!#'! !"$#("$ <**$
. .4 C!#%" .447 ')! '& # !* ! &$& E $!'& ()*"?# # "!# ()*# >#(" ( *''!#5!""& B '! F&$!A'#$ E $!'"F ( !'?"$ (!# ' !#$#(*"E
7 !" (&'!"!$# ( #$" (* G 0&%"" .447 '! (!#(" ! #0"& '! (&0#("(')&$!$(!#$&(')! '&#!*$(##! !$&($"!%!' "&!#$<*'!'!"(&$"#!#$&$!$(1/)4440" !"!#
G 2!".447'" #*"'?*!!$$$&(')#! !$&$$!'( $"!%!'(')! '&#!* *"*# &"(#(&$"#&#"!#()*#&$!$$"9 ?"!%#&*$0!*>#(" "&$&!>!#$#&$&#E $!'!$#!*D# #$#0
'""$( 9&(!'<*')! '&#!*!*00"$()*##0$#( % " "!$" * &"*" !>!#$ #&$& *# #$*A!$# #(!#$ (*H E*" * ! &$& !$$#$ ()*# !"!'> $"9 "! ( ( $*$ ' D$"&$& ! $"$& %'#$!" (* !$#$ '$!$ B ( $$ *%#$ #!*D !* #%!*(* *?!*E$("$'((*DI$&
J !(&0#("#0"&#$!*#$"!$ "&$&!%"&B'!(!#("(9' .6 !" .447 ( #(#$& C*"#!'9" ()*# #$!#$ ( ./7 0" 46 !" C*" # "!# ( ')#! !$& $$!' ( $"!%!' (* A&#&0!" *"%#* (9 ' .7 C!#%" .447
/ # C*# .447 #*" A" (* #' (=!(#$"!$# ( '! (!#(")$!("& !"$&'& E#B#*" '>&( '! (&0#(" # E!"? ( #$"!$ ()!*"!# #'* !% '' !0# ( "#?#" *" ' #&<*# ()*# &%#$*' (& !"$ B ')&$"!#?" ( ')! '& #
.123.44/ 57675 !* ( K <* ()*# &%#$*'' !$# ()!$%$& * '<*(!$# ( '! &$&
2 !#'!("()#<*K$C*(!"(%!#$' "A*#!'( "9"#$!##(!$ (* .J C!#%" .44/ #*" ! #0"& !%" * '**" #$"$# $&'& E#<* !% # #0"& <* ')! '& # !* #%!?!$ ()&?"" $ #$""?& *" ' #&<*# ( (& !"$ *" ' "$!$#%"& !"')!*"!#'!"& #(*<*$!#$<*')! '&#!*!%!$ #('#-* @ (%"!$%""' "$!$#'#=>!%!$ !*B! ##!!#()&E!#?("" #(!#!%
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
1 !"(&#(*6J(&A".447')! '&#!*)$%*"##!+$"'("$B *#"#$#$9"()#%!'($& !"')!*"!#5#%!'($&()*##$!#$(.)6640" !" !%00$!*6"C!#%".44G
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
66 9'.3C!#%".44G'!(&0#("!D?&('!(!#("'! "(*$#( "$0!$ &(!*D #*' !$$$!#$ ( ')#! !$& ( $"!%!' ( ')! '& # !* '' (!#(!$ &?!'#$ ( (*#$ "'!$0 B '! (!#( (
.123.44/ 5G675 "#$ !* "9 ( ')!*"!#5#%!'($& "&!#$ <* ' #$!#$ ( ')#(#$& C*"#!'9""!$(#*& !"')$"()*#"#$
6. !(&0#("!*"!$&?!'#$ "&&B'!(!#("'"()#$"$### &"$<*')! '&#!*# *%!$<*$$"'!-* *"*#(*"&* &"*"B 63C*"
67 . 0&%"" .44G ' " E0 (* (& !"$#$ ( !"! '&? ( '! F&$!A'#$E $!'"F(!'?"$!#(<*&<*')!00$#&$!$'#$#$# "&#
6G !"'$$"(*70&%"".44G!("&B'!(!#(" - !!*&"& $# (* 0"*'!" D?& *" ' %"#$ # ! $!' $ ! #(<*& <*)'' $$!$ *# $" B ')!*"!# #"#!#$ ')! '& # !* #&*$%#$ B '! "$"!$ !#$ &('*5!*.10&%"".44G
6J / 0&%"" .44G ')! '& # !* )$ #$!''& !% ! 0!'' !*D E' # !> (#$ # & * $ ""$!#$ ' ! #(!#$ #"%& *# !(" 00''#-*()!A"(B''L"A"? *B''L#(9'6"C*#.44JM' !#" I$$#!*"!#5!'!(
6/ !"*"""(*KC*"'#'('!(!#("!#0"&'!(&0#(" (* (& !"$ ( ')! '& # !* *" ' E' # ' )$ "&0&"& B ')#$"$# $&'& E#<* <* !%!$ * '* # C*# .447 #$" '! (!#(" $ )!?!#$(#($#(%"#$(')#(#$&C*"#!'9"# ! ( (& !"$ B ')&$"!#?" $ ! (!#(& B '! (&0#(" ( '* #0"" '! *"*$ (* %"#$ ( #(#$& C*"#!'9" !# <* ' !#$# ( ')D?#('! "(*$#("$0!$&(!*D#*'&?!'#$#<* #"#!$(&(# E' #
62 !" '$$" (* .2 0&%"" .44G '! (&0#(" ! "& #(* # *A$!# B ')!%!$ "&$&<*)''(%!$$$"*#$"!* !#$(')#(#$&*$!*$"!#0"$B ')&$"!#?"(*('(')! '&#!*)!"$73!'. ( $#(*$& #$" ' !"$ "&%>!$ # 00$ ')D$#$# ( '! *%"$*" ()!*"!# # !
63 !"'$$"(*KC*"'!(&0#("! "&(&B*##*%!*!'*'(*#$!#$ ( #(#$& C*"#!'9" *" ' ( C!#%" $ 0&%"" .44G !0# ( $#" $(')$"('!"#$()#%!'($&(9'6"C!#%".44G$!0D&#$!#$ C*"#!'"B6/J0"14 $$(&#!("&B'!(!#("!&$&&?!'#$ *#<*&B')! '&#!*
61 6"!".44G'! "$!$#("$()*##$!#$(76G)J440"2J!&$& %"&B')! '&#!* !"')#$$*$#( "&%>!# $$#0"!$##=! ! &$&*#<*&B'!(&0#("
.123.44/ 5J675 .4 !" % (* 7 !" .44G '! (!#(" ! #$$& <* ')!"$ 73 !' . $"*%!$! '!$#$!*$#*<**'')!"$G. &$!$ "$##$!"')! '& # !*&$!$!*"&!* #$('!*"%#!#(*#$" !(&0#("# *%!$B#!%"0*"'%"#$
.6 !" (&#(*.G!".44G')!*"!#5#%!'($&!$">&B')! '& #!* *# !''!$# *" $# ?"!%!%00$ !*6"C!#%".44G()*##$!#$ #*'(6)/330"
.. !"*"""(*.3!%"'.44G'!(&0#("!#$!#$#(<*&<*)''#)!%!$ ! (##&###$#$!*(& !"$B')&$"!#?"(')! '& #!* #($# #&!" '# #($# ?&#&"!' *" *"*%" ' %"#$ ( "$!$# # !"' ! '' ! "&& <*)'' #)&$!$ ! $#* !" ')! "A!$# %"A!'(##& !"# '>&8;''!#" "&&<*)' #)&$!$ !#$$&<*')! '&#!*!$*'("$($*E"( "$!$## ! '!$#(')!"$73!'7 '!(& #(!$(#('#-**!* E$#$#
.7 -)# $ *% *# &E!#? ( "" #(!# '! (!#(" *$#!#$ <* ! !"$!(%")&$!$ ! &!*(& !"$('=! '&#!*(!#'!*"M # '>&&$!$#0"&('!$*!$# !"$&'& E#$!%!$ #(<*& <* ' %"#$ "!$ *"*% '! (&0#(" !''&?*!#$ <* ' "$0!$&(!*D "(*$&!#!#$(&(# E' #&$!#$#*00!#$ B(&#$""')#! !$&($"!%!'(')! '&#!*
.G )! '& # !* !>!#$ !$$#$ ')N? ( '! "$"!$ ' .7 $A" .44G '! "#$ $ ')!''!$# *" $#$(')!*"!#5#%!'($&#$&$&" '!&B !"$"(*6" #%A".44G#"#$$!''!$# *" $#$(')!*"!#5%''!# E!#?#$(#$!#$
.J .. #%A" .44G '! (!#(" ! #$& !* "9 (* "A*#!' ( "9" #$!#(#9%*#(!#(# !#$(#(#$&C*"#!'9"#$"'! (&0#(" $"A*#!')$(&'!"&# &$#$ !"C*?#$(*.6C*#.44/
./ # (!$ (* 6/ !O$ .44/ '! (!#(" ! !'" ! ' "A*#!' !#$#!' ( !*"!# !' ()*# (!#( %!#$ '! #(!#!$# ( '! (&0#(" !* !#$ ()*# #$!#$ $$!' ( G3)22G 0" /4 "" #(!#$ !*D #(#$& C*"#!'9" %!'!#$ *" '! &"( (* 6" !%"' .44G !* 61 C!#%" .44J "$!#$ #$&"K$BJP(9'6JC*''$.44G-!"?*#$C*"(<*"#$D!#& *" '*" '*(!#'! !"$#("$
.2 !""& #(*6J $A".44/'!(&0#("!#'*!*(&A*$#$(! !"$ !(%" * *$ ( (& # - !"?*#$ "#$ &?!'#$ D!#& (!#'! !"$#("$
.123.44/ 5/675 .3 !""(##!#(*61!".442' "A*#!'(&!#!! '&#!*#*"
.1 !"&"(*6/!%"'.442'*5!#0"&#$&?"!'#$'! "&#$!$#( 0!$('!(!#("$!#'***$((& #B'!#(!#!$#('! (&0#(" !* !#$ B # "0$ ()*# #$!#$ ( G3)22G 0" /4 B $$" ()#(#$&C*"#!'9" *"'! &"((*6"!%"'.44G!*61C!#%".44J '* #$&"K$$#$*$&$!$!* !#$B'!(!#("()*#(7).210"3J '*#$&"K$ ')! *(#'*#'!D '<*&!%"$*E&*##$!#$( 76G)J440"2J( - ###"!#()*# "&$#(*(& !"$B')&$"!#?"!F# "!#('!!$#(#!$%$&F
'! !"!''*"#(<*&=! *>!#$*"*#'$$"?#& !"'*B'=!$$#$#( 'Q 0?*"!#$ 9!*("<*)' "%!$( *6112*# #$!#$ ( 24)444 0" ( # !?# (#$ ' (&$#$ J4P ( !$#!*$"!%"(*@6 #$!#$'*$%"&B$$"(=E#"!" ( #' $ '=! &$& &?!'#$ #(!#$ '=!##& M ' #=! '* &$& ! !A' ( $"!%!''" 'D" $$!$%$& !"$&'& E#* !"*$'!$#(*"&$!"!$( '=#$" " ( # & * ,6 (!# '! *" M'# *$*$'"!!#
74 !" &"$*" (* 66 ! .442 '! (&0#(" ! #'* *" ')! ' # !* !* (&A*$#$ ( ')! '& # !* ( $*$ #'*# #0"!#$ #'*# !#$&"*" *" ' *" '* '' "'9% # * ( !"?*#$ (&CB (&%' & "&&(#$ <* '=! '& # !* ! "&!'& # .44G *# "%#* ( 32)4440" &(* !#$(24)4440"(#$(62)7.4 0"!* "9(=*# '>*"###*<*""$('!(&'!"!$#0!' "(*$ # "&(*"
76 !"'$$"(*66!.442'!(!#("!#(<*&"!''"!*D#$!$!$#( 0!$"!###$#("$$#'*#('=! '&#!*$! "$&(!# " "#'*#
7. "9*#!$#(&"$*"!*D !"$'!!*!&$&?!"(&BC*?"
#
6 #0"&#$ B ')!"$ J/ !' 6 '$ ' "A*#!' !#$#!' ( !*"!# !' ##!+$ # #$!# *#<* ( #$$!$# "'!$% !*D !*"!# '&#$!" B '=!*"!#5!'!( !' "&%* !" '! ' 0&(&"!' *" '=!*"!#5!'!( (* 63 !" 611G 8 !'; $ B '=!*"!#5!(#$ A'?!$" "&%* !" '! ' 0&(&"!' *" '=!*"!#5!(#$ (* .4 !" 6136 8 ; $$ &$# *%" ')#A' ( #$$!$# "'!$% !*D !*"!# '&#$!"<*''5#$00"$ !"*#!*"*"!'*
.123.44/ 52675 !" *#!*"*" "%&8 ""K$(* "A*#!'0&(&"!' ## *A'&(*30&%"" .442# J7J1.44/;
# ')*""# '! (&0#(" $ *# !*"*" "%& 00"!#$ *# !*"!# '&#$!"B'! !'! &$#(* "A*#!'(&!# *"C*?"(*! (= 9$!#&$!A'
. #$"!$'!#$' !"$""$$B'!'*"'#$"!$(=!*"!#(*.!%"'6143 8 ; $$ ' ! *A ( (0!$# # %?**" ( * ' 6" C!#%" .44/ #(!#$ (* #$ ( %* $ "' #$ # "# ! '!A' ' "9?' ( ("$ # %?**" !* #$ M ' 0!$ C*"(<*#$ (&$"#!#$ #$ "(*$ 9 '" ' ( $# ( '! "#$ $& (!# '*" $#*" !#$&"*"!*6"C!#%".44/
7 )!"$G/ "&%$*# "" $#((*D!# *"'"&!#<*(&"%#$ (* #$"!$()!*"!#B(!$"(*0!$()M#!+$')A'?!$##$'' "" $# $ #(!#$#$"" *#! '!$#(')!"$6.2 ! '!A' !""#%( ')!"$644!'6 '"<*'"&!#"0!$%!'"("$ !"*#!$#(%!#$ *# $"A*#!'B#($#<*$"A*#!'$ &$#$#!()# &$#(* $"A*#!'!')!"$671 ! "$#&!##*#'*$###<*)*#(&'! * '&#$!"(/4C*"$!"(&!*"&!#" *"0!"%!'"("$
# ') 9 ' C*?#$ (* $"A*#!' ( "9" #$!# ! &$& #$0& B '! (!#(" # (!$ (* .. C*# .44/ ''5 ! (& & '! "&#$ (!#( !* ?"00 (* "A*#!' ( &!# ' 6/ !O$ .44/ ( "$ <* $$ (!#( $ "%!A'
G ! (&0#(" #$$ "&!'!A'#$ '! <*!'$& *" !?" ( '! (!#(" '>*"(*A&#&0!"(')!*"!# "$(?!#
#!$9"()#(#$&C*"#!'9"'!C*" "*(#!"##*B*# '>*"<* !' "()!*"!#$!%!#'!'!"()*# '>&#!()!(#$*# #$&"K$ (?# ( "$$# B %" !##*'& *# (&# #$$!#$ B ') '>& '! <*!'$& ()!*"& * #!#$ ')D$# ()*# &%&##$ !(#$' * &?!"( !*D A'?!$#(') '>*"(&*'!#$(7.G!$7.GA 8 R676.13#( J7; ' $ !# !( <* ') '>*" *$ !%" *# #$&"K$ ("$ *" 0"" $##$"'"0*(')!*"*"5!(#$( "#("#E!"?'!!0# <*')!*"&A$##*##(#$&C*"#!'9"<*! *"%!$#(*A$$*" !*!'!"<*'= '>*""!$$#*('*%""*('*!%!#"
K ' $"!%!''*" #)$ ! !*"& A'?!$"#$ # %"$* (=*# ( $# '&?!'#$"'#&<*#(')#! !$&($"!%!' *"!*(!'!(*# K"!###$($K$"$#*#<*#"#')#(#$&C*"#!'9" "&%* !"*##$"!$()!*"!#''$0#!#00$'"<*') '>*"#'*$ *#!*"!# "$(?!##0!%*"(# '>&#! '!$#(')!"$7.G!
.123.44/ 53675 !'G !*"!#(#$' "$!$##%#*#$!*#&<*%!'#$B <* $D?A'B$#*"(')!"$7.G!!'. $$*%"$*" !"!*"!# *A$$* B ')A'?!$# '&?!' 0!$ B ') '>*" ( !>" ' !'!" 8%" "*##"SE'"Q!A" #$!" (* #$"!$ ( $"!%!' 7 &( .4 !( !"$ 7.G! ; # ! ( !"# ( ')!*"*"5!'!( ' ! !"$#$ # "# B ') '>*"(%""'!'!"(O')!?$A#()*#$*!$#'!"B''<* "&%!*$#!("0*( "$"(')!*"*"5!(#$
!#'!() 9'!(!#("!#'*!%'!(&0#("*#!*"!# ''$% "$(?!##!(!'!( *"')#A'( '>&'!<*'' "&%$ ' %"#$ (* !'!" !*"& B #$ *" #$ #(!#$ 274 C*" * (&(*$#()*#(&'!(!"#(/4C*""0*( *"*%"'%"#$( ')#(#$&C*"#!'9"('!(&0#("!# "# *""''!"')A'?!$# ('!(!#("(%""'!'!"#%#*#!(!'!( ''5!(# *##$&"K$&%(#$B!?"!0#<*$$"!#E&'!<*$#(*A#50#(&(*"0*( '!(&0#("
'#%#$ !"#&<*#$("##!+$"'!<*!'$& *"!?"('!(!#("
J $ '$?* '! <*$# ( !%" '! (&0#(" &$!$ # ("$ ( $$" *# $"!*%"#$(#(#$&C*"#!'9"!*76!".44G
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
!(!#("*$#$<*!#$B''<*')!"$73!'. "'!$0B'!(*"&('! *%"$*"()!*"!##)$ !! '!A'!*'$?##<*'!*%"$*" ()!*"!#$(##&'"('!*"%#!#(*#$"'#($#('!(*"& ( "$!$# #$ (&0# !" ')!"$ G. # '"<*)*# !*"& A$#$ ')!#$#$('! !?#()!*"!#'"()*#(& !"$B')&$"!#?"'#"% '("$( "%"(#(#$&C*"#!'9"#! '!$#(')!"$G.!'.T7 ''#%<*#"'0!$<*)*##($#* '&#$!"!*!#$#(*
.123.44/ 51675 %"#$!*"!$&$&#$##& !"$&'& E# !"') '>&('!(&0#("B !%" ' !#$# ()*# (' 00' # -* " $' $ A# ' ! '' #(9"!**" '*<*'"0*('!(&0#("( "$$"B')! '&#!* ( <*$$" '! -* #(!#$ ! #%!'# $ #$$*$0 ()*# !A* ( ("$ #0#'#''#')!''!$# *" $#$#'#$!#$#! $!'(')!%"( "&%>!# # (%#$ K$" " # $ (!# ')D!# &%#$*' ()*# *"#(#!$#!*#(')!"$G.!'/T6
!"?*#$ *'%& !" ')! '& # !* #$ '!" B *D ( '! (!#("("$<*)'#%#$()>"#%>"
/ ("$! '!A' "#((=*# !"$'!'*"'#$"!$()!*"!#8 ;$ (=!*$" !"$ ' #$"!$ (=!*"!# !'!( ''$0 (*.. #%A" .446 ' #($# ?&#&"!' 85! "9: ; &($# .444 <* #)$ # #$$& # #$$!A'
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
( $# "&$& ($#?*#$ '!"#$ '! <*$# ( '! *%"$*" ()!*"!#8!"$73!'.;( "$!$## !"$*'"')#(#$&C*"#!'9"8!"$ G.;
2 !#'!() 9')! '&#!*! "*#"$"!$!#$ &!%00$!*.1 0&%"" .44G ' ! !# <*$$& ' "' ( !*"& ( '! (&0#(" !# $$ *"'!*%"$*"()!*"!#! "0#! "9$"#$C*"#0"&#$B')!"$ 73!'.T6 #! '!$#(')!"$73!'7 '!#?#0 !'!0#
.123.44/ 564675 ( "$!$##*"#00$(!#$$$*!$#'!(&0#("$$#*( *"*%"'%"#$(')#(#$&C*"#!'9"B"$!##($#
"A*#!' ( #"! $*$0 ( ')D!# ( #($# '!!#$ '! <*$# *%"$ !" '! (!#( ($ K$" "C$& *" ' "!# D & 5 ! "9
3 # %"$* ( '=!"$ G. !' . '=AC$ ( '=!*"!# $ '! "$ ( ?!# ' #$!#$ ( '=#(#$& C*"#!'9" $ 0#(& *" ' ?!# )!"$ G2 !' 6 "&#"<*)$(&$"#!#$ *"'!'*'(')#(#$&C*"#!'9"'?!# <* ')!*"& !*"!$ $*E& #(!#$ '! (*"& ( ')#! !$& ( ?!# )' !%!$ * $"!%!''"
R"$!#(#$!$"<*(!#'!() 9'! "$(?!#$A#')AC$ ( ')!*"!# #$!#$ (* ?!# !*"& ( 1/)444 0" "" #( !* !'!" ( '=! '&#!*"&!'&!* "9('!(!#("!'!"<*!"%("&0&"# B '! 0D!$# ( '=#(#$& C*"#!'9" '# #$" !'!" $ '=#(#$& C*"#!'9" D '<* <* ' #$!#$ ( ''5 !$ &$& (#*& (!# '! K " "$#<*'!"#$('=!*"!#5#%!'($&!''*&B'=! '&#!*(9' 6"C!#%".44G
' # (&*' <*=# '=!A# (=*# "$ ( ?!# '=!*"& # !*"!$ "&$#(" B '=#(#$& C*"#!'9" "A*#!' 0&(&"!' ( !*"!# ! (* "$ (&CB * ')!# ( "&" <*)*# !*"& # "&5"$"!$ #=! ! ("$ B '=#(#$& C*"#!'9"0!*$( "$(?!#8 R6747J#(7;
#'=*""#'=! '&#!*!#&(0"#$ '**"!$%$&:'' *"'! (!#("''(#'#"D"&!*C*"(=E*( *'E' # $ ( !$%$& (#$'! $#*" #)$ ! ##* ! <* #$ (&?!?& *# "%#* ( '* ( 62)444 0" # .44G -*' '! "9" !$%$& #"# '! "&#$ !* *<*)'' *' 0!$ ')AC$ (* #$"!$ ?#& #$" ' !"$ 0#(#$ ( '! (!#('$?*
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
.123.44/ 566675 *"'!(!#("!* "0$(=*#"$"!$!#$ &'!"##&B*#$"!%!'<* '* "*"!$*#?!#AC$('=!*"!##'*!* "9('!(&0#("!# #($#'#=>! '**( "$(?!#B !"$"(*%"#$(*! $!'!* 6" !" .44G $ '=#(#$& C*"#!'9" #=! '* ( 0#(#$ ( * $$ (!$ * "$(!#"#$!#<*'=! '&#!*!$ *"*%*#!$%$& (#'A'5$5'B$$"#(& #(!#$$<*='#!$"$"&*#"%#* '!#=! !(=#(#*"'?!#<*='"&!'!$!* "9('!(!#("$!*<*''! "##&
1 #(&"!$# #$ #0"$& !" ' !(" (=!*"!# # '! !" ' !"$
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
#'=*""#')#%!'($&(')! '&#!*"##*(9'6"C!#%".44G !" '=!*"!#5#%!'($& #$"!+#!$ *# ("$ B *# "#$ ()#%!'($& %!?9" ( 67)J44 0" '=!# !" '=#$$*$# ( "&%>!# ("$ "#!$ 00$ (9 C!#%" .44J $ ! "9 2.4 C*" (=!$$#$ !# '=#$"%!'' &$!$ (* '=#(#$& C*"#!'9"!*"%#!#('=#%!'($&!>!#$"#(* A''%"#$('! "$!$#("$*0"(! $!''=! '&#!*! "&0&"& *"( "!# <* '* #$ " " $& *" *# "$"!$ !#$ & $ !# "##& B '! "#$(K<*=B'=#(#$&C*"#!'9"'! "&&(!#$
"A*#!' ( &!# #(9" !" *"!A#(!# ( ># <*=' # "!$ ! !(A'<*?"NBED'=! '&#!* *A&#&0"(=*##$!#$ "" #(!#$ !* **' ( "$!$# "&%* # "&!'$& *" "'!>" (!# ' $ !0# ( *%"" '! "$ ( ?!# #&*$% B '! !'!( -* $ !#?' *""!$(*"$ "'!<*$#(=*#&%#$*'!A*(("$
.123.44/ 56.675 64 *" ' "!# <* %###$ (=K$" D & '! (&0#(" &$!$ 0#(& B * ""'%"#$($$#(#$&!*76!".44G!(!#("!(# "C$&
66 $$#*('!(!#($('=*(*'$?' "A*#!'$$"!BE!"?('! (!#("((& #%!'!#$ !"$ !$#!*DE#"!"('!(&0#("
.123.44/ 567675
#$ - # #
"
43 5 .. 6 2 7 28 9 0,' #%:
2 5 .
6 &'!"'!(!#("%!A'
" 5
. !"C$$
7 #(!#'!(!#("B%""B'!(&0#("*##(#$&(.)4440"B $$"((& #
G #0" ' !"$ ( <*='' *%#$ 0"" "*" #$" ' "&#$ !""K$ (!# *# (&'! ( 74 C*" (9 ! #$0!$# !* "9 (* "A*#!' 0&(&"!' 6444 - 6G#0"&#$!*D!"$'2.('!'0&(&"!'*"' "A*#!' 0&(&"!'(*62C*#.44J8 R;U'&"("*"($#(<*"'#'*# $0 $ ># ( "*% $ "$" '! ?#!$*" (* "*"!#$ * ( # !#(!$!"U ' ($ K$" !("& !* "A*#!' 0&(&"!' !" % $!' * !" % &'$"#<* !*D #($# ( ')!"$' G. R "&#$ !""K$ $ ' 9 # #(*"*"!#$#%<*&>#( "*%(%#$K$"C#$B ')#% !?"009" !"&(#$: !"5* "Q !"&$!"5C*"$: -!#("#
# #0"(* "&#$!""K$$#$0&!*D !"$!#<*=B'=000&(&"!' (!*"!# "%& !"'?"00'
.123.44/