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AgdaPkt 2014-09-08 Closed and Joint with SA
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AgdaPkt 2014-09-08 Closed and Joint with SA
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Last modified
9/15/2014 9:41:52 AM
Creation date
9/4/2014 6:52:00 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
9/8/2014
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7.1.D. - Page 23 <br /> 17. SEVERABILITY. If any provision,term or condition of the Purchase Agreement is found <br /> invalid or unenforceable, the remaining provisions will be given effect as if the invalid or unenforceable <br /> provision were not a part of the Purchase Agreement. <br /> 18. AMENDMENTS; WAIVER. This Purchase Agreement may not be amended except in <br /> a writing signed by the authorized representatives of both parties. No waiver of any provision of the <br /> Purchase Agreement shall be effective unless made in writing and signed by the party sought to be charged <br /> therewith. The failure of either party to enforce any provision of the Purchase Agreement shall not <br /> constitute or be construed as a waiver of such provision or of the right to enforce it at a later time. <br /> 19. LATE FEES. In the event that Buyer fails to pay any amounts under this Purchase <br /> Agreement when due,then Seller may charge interest on such late payments until paid at a rate equal to the <br /> lesser of(i) one and one half percent per month and (ii) the maximum rate of interest permitted under <br /> applicable law. <br /> 20. SURVIVAL. The provisions contained in sections 8, 9, 10, 11, 12, 14, 15 and 19 shall <br /> survive the termination or earlier expiration of this Purchase Agreement. <br /> Buyer's Initials <br /> REV:07-22-14 MLG <br /> Page 9 of 11 <br />
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