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Inst 2013178610
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Inst 2013178610
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Last modified
5/16/2014 5:08:56 PM
Creation date
5/7/2013 4:40:56 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
5/7/2013
Recorded Document Type
Declaration of Restrictions
Easement
Retention
PERM
Document Relationships
Reso 2013-058
(Approved by)
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\City Clerk\City Council\Resolutions\2013
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otherwise consequent on such covenant,provision or obligation. waiver ma y be g iven on. Any <br /> subject to satisfaction of conditions stated therein. No power or remedy herein conferred is <br /> exclusive of or shall prejudice any other power or remedy given by law or by the terms of this <br /> Agreement. <br /> 18. Rights of Successors; Covenants Running with the Land. <br /> 18.1 Rights of Successors. The easements, restrictions,benefits and obligations <br /> hereunder shall create mutual benefits and servitudes running with the land. This Agreement <br /> shall bind and inure to the benefit of the Owners,their respective heirs, representatives, lessees, <br /> successors and assigns. This Agreement shall bind and inure to the benefit of all Owners as <br /> provided herein. <br /> 18.2 Covenants Running with the Land. The covenants, conditions,restrictions, and <br /> easements contained herein shall run with the land, shall constitute equitable servitudes upon <br /> each Parcel in favor of the other Parcels, and shall be binding upon and inure to the benefit of the <br /> respective successors and assigns of the Owners thereto. <br /> 18.3 Benefit to Parcels. Each Owner expressly acknowledges and agrees that the <br /> Parcels shall benefit from, and be burdened by,the provisions of this Agreement only as <br /> specifically set forth herein. The Owner, Lessee, or user of a Parcel shall not have the right to <br /> claim that any right or easement herein granted for the benefit of a Parcel also benefits its Parcel <br /> unless such right or easement is expressly granted herein to and for the benefit of such Parcel. <br /> 19. Arbitration. <br /> (a) Disputes to be Resolved By Binding Arbitration. The submission of all matters to <br /> arbitration in accordance with the terms of this Section is the sole and exclusive method,means, <br /> and procedure to resolve any and all claims, disputes, or disagreements arising under this <br /> Agreement, except for claims by an Owner which(a) seek anything other than enforcement of <br /> rights under this Agreement, or(b) are primarily founded upon matters of fraud,willful <br /> misconduct, bad faith, or any other damages,which disputes shall be resolved by suit filed in the <br /> Superior Court of the County of Alameda, California,the decision of which court shall be subject <br /> to appeal pursuant to applicable law. <br /> (b) Waiver of Right to Litigate. Each Owner hereby irrevocably waives any and all <br /> rights to resolve a dispute in a manner which is contrary to the provisions of this Section 19. The <br /> Owners shall at all times conduct themselves in strict, full, complete, and timely accordance with <br /> the terms of this Section 19 and all attempts to circumvent the terms of this Section 19 shall be <br /> absolutely null and void and of no force or effect whatsoever. <br /> (c) Selection of Arbitrator. Any dispute to be arbitrated pursuant to the provisions of <br /> this Section 19 shall be determined by binding arbitration before a retired judge of the Superior <br /> Court of the State of California(the "Arbitrator") under the auspices of Judicial Arbitration& <br /> Mediation Services, Inc. ("JAMS"). Such arbitration shall be initiated by the Owners,or either <br /> of them,within ten(10) days after either Owner sends written notice(the "Arbitration Notice") <br /> of a demand to arbitrate by registered or certified mail to the other Owner and to JAMS. The <br /> 4/23/13 14 <br />
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