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RDA Agmt 2009 Norcal AL LLC
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RDA Agmt 2009 Norcal AL LLC
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Last modified
10/9/2009 1:30:49 PM
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10/9/2009 1:30:48 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/12/2009
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PERM
Document Relationships
Inst 2009304031
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2009
RDA Reso 2009-011
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-063
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2009
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29. Action or Approval. Where action and/or approval by Buyer is required under this <br />Agreement, Buyer's Executive Director may act on and/or approve such matter unless the <br />Executive Director determines in his or her discretion that such action or approval requires <br />referral to Buyer's Board for consideration. <br />30. Entire Agreement. This Agreement, including Exhibits A to C attached hereto and <br />incorporated herein by this reference, and the Settlement Agreement, contain the entire agreement <br />between the Parties with respect to the subject matter hereof, and supersede all prior written or <br />oral agreements, understandings, representations or statements between the Parties with respect to <br />the subject matter hereof. The provisions of this Agreement shall prevail over any inconsistent <br />provision regarding the terms and conditions for the purchase and sale of the Property contained <br />in the Settlement Agreement. <br />31. Counterparts. This Agreement may be executed in multiple counterparts, each of <br />which shall be an original and all of which taken together shall constitute one and the same <br />instrument. <br />32. 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 the rights and obligations of the Parties have been <br />materially altered or abridged thereby. <br />33. No Third Party_,Beneficiaries. Nothing in this Agreement is intended to or shall <br />confer upon any person, other than the Parties and their respective successors and assigns, any <br />rights or remedies hereunder. <br />34. Parties Not Co-Venturers. Nothing in this Agreement is intended to or shall <br />establish the Parties as partners, co-venturers, or principal and agent with one another. <br />35. Non-Liability of Officials, Employees and Agents. No member, official, employee <br />or agent of Buyer shall be personally liable to Seller or its successors in interest in the event of <br />any default or breach by Buyer or for any amount which may become due to Seller or its <br />successors in interest pursuant to this Agreement. <br />36. Time of the Essence. Time is of the essence for each condition, term, obligation and <br />provision of this Agreement. <br />37. Governing Law. This Agreement shall be governed by and construed in accordance <br />with the laws of the State of California without regard to principles of conflicts of laws. <br />38. Time for Performance. When the time for performance of any obligation under this <br />Agreement is to be measured from another event, such time period shall include the day of the <br />other event. If the day of the time for performance is not a regular business day, then the time for <br />such performance shall be by the regular business day following such day. <br />39. Escrow Cancellation Charges. If the escrow fails to close by reason of a default by <br />Buyer or Seller hereunder, such defaulting party shall pay all escrow or other Title Company <br />1225087-5 ~ 3 <br />
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