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AgdaPkt 2004-08-09
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AgdaPkt 2004-08-09
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Last modified
7/16/2012 4:10:55 PM
Creation date
8/5/2004 1:34:45 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Date
8/9/2004
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�• <br /> 1 �� � 3 <br /> pay such Actions. Seller's representations, warranties and obligations set forth in this paragraph <br /> 22 shall survive the Close of Escrow, shall not merge into the grant deed conveying the Property <br /> from Seller to Buyer, and shall remain in effect for a period of four (4) yeazs following the Close <br /> of Escrow. <br /> 23. Brokers and Finders. Seller and Buyer warrant that the execution of this <br /> Agreement was not induced or procured through any person, firm, or corporation acting as a <br /> broker or finder. Each party agrees to indemnify and hold the other hannless from and against <br /> any damage, liability or cost, including without limitation, reasonable attorneys' fees, arising <br /> from or in connection with any claim by any other person, fum, or corporation based upon their <br /> having acted as broker or finder for or in connection with this transaction on behalf of such party. <br /> 24. Standard Provisions <br /> a. This Agreement is made in the State of California and its validity, <br /> construction, and all rights under it shall be governed by California law. <br /> b. This Agreement supersedes any prior agreements and contains the entire <br /> agreement of the parties on the matters covered. No other agreement, statement or promise made <br /> by any party or agent of any party that is not in writing and signed by all the parties to this <br /> Agreement shall be binding. Any amendments to this Agreement shall be in writing and signed <br /> by all parties hereto. <br /> c. The provisions of this Agreement were negotiated by all the parties hereto, <br /> and this Agreement shall be deemed to have been drafted by all the parties hereto. <br /> d. This Agreement may be executed in counterparts, each of which shall be <br /> deemed to be an original, but such counterparts when taken together shall constitute but one <br /> Agreement. <br /> e. The paragraph headings throughout this Agreement are for convenience <br /> and reference only, and the words contained herein shall not be held to expand, modify, amplify, <br /> or aid in the interpretation, construction, or meaning of this Agreement. <br /> f. TIME IS OF THE ESSENCE OF THIS AGREEMENT. <br /> g. This Agreement shall inure to the benefit of and be binding upon the <br /> successors and assigns of the parties hereto, provided, however, Buyer may not assign its rights <br /> hereunder without Seller's advance written consent, except to an entity to be formed under the <br /> control or management of Buyer. No assignment shall relieve Buyer of its obligations <br /> hereunder. <br /> h. Except as provided in paragraph 22, the representations and warranties <br /> contained in this Agreement shall survive the Close of Escrow for a period of one (1) year, and <br /> any claim for breach thereof must be asserted in writing prior to the expiration of said one (1) <br /> year period. <br /> i. If any provision of this Agreement or the application thereof to any person <br /> or in any circumstance shall be invalid or unenforceable to any extent, the remainder of this <br /> Agreement and the application of such provision to other persons or in other circumstances shall <br /> not be affected thereby and shall be enforced to the greatest extent permitted by law. <br /> j. In the event that any party to this Agreement commences any action or <br /> proceeding against any other party by reason of any breach or alleged breach of any term or <br /> 11417.00002�BGLIBI\1225060.4 i l <br /> ., . , _ .�. . . � .. . . _ . . <br />
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