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11.6 Binding on Successors. Subject to the restrictions on Transfers set forth in <br />Article VT, this Agreement shall bind and inure to the benefit of the Parties and their respective <br />permitted successors and assigns. Any reference in this Agreement to a specifically named Party <br />shall be deemed to apply to any permitted successor and assign of such Party who has acquired <br />an interest in compliance with this Agreement or under law. <br />11.7 Survival. All representations made by Developer hereunder and Developer's <br />obligations pursuant to Sections 3.14, 3.17, 3.18, 8.2, 10.1, and 1 L 1 shall survive the expiration <br />or termination of this Agreement and the issuance and recordation of a Certificate of <br />Completion. <br />11.$ Construction. The section headings and captions used herein are solely for <br />convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this <br />Agreement is the product of negotiation and compromise on the part of both Parties, and the <br />Parties agree, that since both Parties have participated in the negotiation and drafting of this <br />Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather <br />according to its fair meaning as a whole, as if both Parties had prepared it. <br />11.9 Action or Approval. Whenever action and/or approval by Agency is required <br />under this Agreement, Agency's Executive Director or his or her designee may act on and/or <br />approve such matter unless specifically provided otherwise, or unless the Executive Director <br />determines in his or her discretion that such action or approval requires referral to Agency's <br />Board for consideration. <br />11.10 Entire Agreement. This Agreement, including Exhibits A througl G attached <br />hereto and incorporated herein by this reference, together with the other Agency Documents <br />contains the entire agreement between the Parties with respect to the subject matter hereof, and <br />supersedes all prior written or oral agreements, understandings, representations or statements <br />between the Parties with respect to the subject matter hereof, including without limitation, any <br />commitment letter issued by Agency with respect to Agency financing for the Project. <br />11.11 Counterparts. This Agreement maybe executed in one or more counterparts, each <br />of which shall be an original and all of which taken together shall constitute one instrument. The <br />signature page of any counterpart maybe detached therefrom without impairing the legal effect <br />of the signature(s) thereon provided such signature page is attached to any other counterpart <br />identical thereto having additional signature pages executed by the other Party. Any executed <br />counterpart of this Agreement maybe delivered to the other Party by facsimile and shall be <br />deemed as binding as if an originally signed counterpart was delivered. <br />11.12 Severability. If any term, provision, or condition of this Agreement is held by a <br />court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement <br />shall continue in full force and effect unless an essential purpose of this Agreement is defeated <br />by such invalidity or unenforceability. <br />11.13 No Third Party Beneficiaries. Nothing contained in this Agreement is intended to <br />or shall be deemed to confer upon any person, other than the Parties and their respective <br />successors and assigns, any rights or remedies hereunder. <br />> »a9a~-s 36 <br />