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Agmt 2017 BAL Theater/San Leandro Curtain Call Performing Arts Loan Agreement
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Agmt 2017 BAL Theater/San Leandro Curtain Call Performing Arts Loan Agreement
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3/9/2018 4:24:10 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
12/19/2017
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PERM
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Reso 2017-150A
(Approved by)
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\City Clerk\City Council\Resolutions\2017
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such courts for any such litigation and waives any other venue to which it might be entitled <br /> by virtue of domicile, habitual residence, or otherwise. <br /> 7.9 WAIVER: MODIFICATION AND AMENDMENT. No failure or delay on the <br /> part of the City in exercising any right, power, or remedy hereunder shall operate as a <br /> waiver thereof, nor shall any single or partial exercise of any such right, power, or remedy <br /> preclude any other or further exercise thereof or the exercise of any other right, power, or <br /> remedy hereunder. No modification or waiver of any provision of this Agreement, nor any <br /> consent to any departure by Operator therefrom, shall in any event be effective unless the <br /> same shall be in writing, and then such waiver or consent shall be effective only in the <br /> specific instance and for the specific purpose for which given. No notice to or demand on <br /> the Operator in any case shall entitle the Operator to any other or further notice or demand <br /> in similar or other circumstances. No amendment to this Agreement shall be effective <br /> unless and until such amendment is in writing, properly approved in accordance with <br /> applicable procedures, and executed by the Parties. <br /> 7.10 ASSIGNMENT. This Agreement shall be binding upon and inure to the <br /> benefit of the Parties and their respective successors and assigns. Notwithstanding the <br /> foregoing, City's obligation to make the Loan is personal to Operator, and shall not be <br /> assignable by Operator by operation of law or otherwise absent the express written consent <br /> of City, and any such assignment by operation of law or otherwise shall be void. <br /> 7.11 NO THIRD PARTY BENEFICIARIES. There shall be no third party <br /> beneficiaries to this Agreement. <br /> 7.12 ENTIRE AGREEMENT: EXHIBITS. This Agreement, together with the other <br /> Loan Documents, constitutes the entire agreement between the Parties with respect to the <br /> subject matter hereof and supersedes any and all prior or contemporaneous oral or written <br /> agreements and negotiations between the Parties with respect thereto. Exhibits A through <br /> F attached hereto are incorporated herein by reference as though fully set forth herein. <br /> 7.13 SURVIVAL. All representations made by Operator herein and the provisions <br /> of Sections 4.3, 4.8, 4.14, and 4.15 hereof shall survive the expiration or termination of this <br /> Agreement, the making and repayment of the Loan, and any foreclosure proceeding, <br /> foreclosure sale, or delivery of a deed in lieu of foreclosure. The representations of <br /> Operator made herein have been or will be relied upon by the City, notwithstanding any <br /> investigation made by the City or on its behalf. <br /> 7.14 CITY STATUS. Operator recognizes and agrees that City is not a commercial <br /> lending institution, but a public agency exercising its authority to protect the public health, <br /> safety and welfare. Any duties or obligations which a commercial lending institution may <br /> have to Operator shall not apply to this transaction except as set forth herein and in the <br /> Loan Documents. <br /> 7.15 ACTION BY THE CITY. Except as may be otherwise specifically provided <br /> herein, whenever any approval, notice, direction, or consent by the City is required or <br /> permitted under this Agreement, such action shall be in writing, and such action may be <br /> given, made or taken by the City Manager or by any person who shall have been <br /> designated by the City Manager, without further approval by the City Council. <br />
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