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<br /> <br /> <br /> 4.8 Amendments/Entire Agreement. City and Foundation reserve the right to amend <br />this Agreement by mutual consent. It is mutually understood and agreed that no amendment, <br />modification, alteration or variation of the terms of this Agreement shall be valid unless in <br />writing and signed and acknowledged and approved by both Parties. This Agreement constitutes <br />the entire agreement of the Parties and no oral understandings or agreement not incorporated <br />herein shall be binding on either Party. <br /> <br /> 4.9 Time. Time is of the essence in the performance of the terms and conditions of <br />this Agreement. <br /> <br /> 4.10 Governing Law. The laws of the State of California shall govern this Agreement. <br /> <br /> 4.11 No Personal Liability. Notwithstanding anything contained in this Agreement to <br />the contrary, the obligations of the Parties under this Agreement (including any actual or alleged <br />breach or default) do not constitute personal obligations of the individual officers or employees <br />of the Parties, and no Party shall not seek recourse against the individual officers or employees <br />of the other Party, or against any of their personal assets, for satisfaction of any liability with <br />respect to this Agreement. <br /> <br />4.12 Waiver. No forbearance, failure or delay by the City in exercising any right, <br />power or remedy, nor any single or partial exercise by the City of any right or remedy hereunder <br />shall constitute a waiver or preclude the further exercise of such right, power or remedy. City’s <br />consent to any act or omission by Foundation may not be construed as the City’s consent to any <br />other or subsequent act or omission or as a waiver of the requirement to obtain City’s consent in <br />any other instance. All of City's rights, powers and remedies are cumulative and shall continue <br />in full force and effect until specifically waived in writing by City. <br /> <br /> 4.13 Duration/Survival. This Agreement shall continue in full force and effect until <br />the completion for the Project. Notwithstanding the foregoing, the indemnification provisions of <br />Section 3.1 of this Agreement shall survive the expiration of this Agreement. <br /> <br />4.14 Headings. The headings within this Agreement are for the purpose of reference <br />only and shall not limit or otherwise affect any of the terms of this Agreement. <br /> <br />4.15 Counterparts, Facsimile Copies. This Agreement may be executed in <br />counterparts, each of which shall be deemed an original, but all of which together shall constitute <br />one and the same agreement. This Agreement shall be effective upon transmission by any Party <br />to the other parties of a fully signed facsimile copy of the Agreement after the formal approval <br />by the governing body of the City, so long as a copy of the Agreement signed by the transmitting <br />Party is delivered to the other parties within five (5) business days thereafter. In case of any <br />conflict, the counterpart maintained by the City shall be deemed to be determinative. <br /> <br />SIGNATURES ON FOLLOWING PAGE <br />DocuSign Envelope ID: 0D2CA3BD-265D-40BE-83DB-B9693914F343