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Agmt 2005 Union Bank of California (2)
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Agmt 2005 Union Bank of California (2)
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5/10/2007 12:03:10 PM
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5/10/2007 12:03:08 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/24/2005
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PERM
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RDA Reso 2005-007
(Approved by)
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\City Clerk\City Council\Resolutions\2005
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<br />Owner: <br /> <br />Craig Poletti, Vice President Corporate Real Estate <br />Union Bank of California <br />445 S. Figueroa Street, Suite 710 <br />Los Angeles CA 90071 <br /> <br />14. Indemnification. Owner hereby covenants, on behalf of itself and its permitted successors <br />and assigns, to indemnify, hold harmless and defend the Agency and the City of San Leandro and <br />their respective elected and appointed officials, officers, agents, representatives and employees <br />("Indemnitees") from and against all claims, costs (including without limitation reasonable <br />attorneys' fees and litigation costs) actions, proceeding, demands, judgments, losses, expenses, <br />and liability, arising out of or in connection with this Agreement; provided however, Owner shall <br />have no indemnification obligation with respect to the gross negligence or willful misconduct of <br />any Indemnitee. <br /> <br />15. Severability. If any term or provision of this Agreement or the application thereof shall, <br />to any extent, be held to be invalid or unenforceable, such term or provision shall be ineffective <br />to the extent of such invalidity or unenforceability without invalidating or rendering <br />unenforceable the remaining terms and provisions of this Agreement or the application of such <br />terms and provisions to circumstances other than those as to which it is held invalid or <br />unenforceable unless an essential purpose of this Agreement would be defeated by loss of the <br />invalid or unenforceable provision. <br /> <br />16. Entire Agreement; Amendments In Writing; Counterparts. This Agreement contains the <br />entire understanding of the Parties with respect to the subject matter hereof and supersedes all <br />prior and contemporaneous agreements and understandings, oral and written, between the Parties <br />with respect to such subject matter. This Agreement may be amended only by a written <br />instrument executed by the Parties or their successors in interest. This Agreement may be <br />executed in multiple counterparts, each of which shall be an original and all of which together <br />shall constitute one agreement. <br /> <br />17. Successors and Assigns; No Third-Party Beneficiaries. This Agreement shall be binding <br />upon and inure to the benefit of the Parties and their respective successors and assigns. Subject to <br />the immediately preceding sentence, this Agreement is not intended to benefit, and shall not run <br />to the benefit of or be enforceable by, any other person or entity other than the Parties and their <br />permitted successors and assigns. <br /> <br />18. Brokers. Each Party warrants and represents to the other that no brokers have been <br />retained or consulted in connection with this transaction other than as described in this Section or <br />otherwise disclosed in writing to the other Party. Each Party agrees to defend, indemnify and <br />hold harmless the other Party from any claims, expenses, costs or liabilities arising in connection <br />with a breach of this warranty and representation. Owner shall be solely responsible for payment <br />of all fees payable to any broker who provides assistance in connection with the disposition of <br />the Property or any portion thereof and the transactions contemplated hereby, and shall indemnify <br />Agency against any and all claims arising in connection therewith. The terms of this Section <br />shall survive the expiration or earlier termination of this Agreement. <br /> <br />Union Bank ENRA <br />Page 60f9 <br />
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