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11 . 12 Severability. If any term, provision, or condition of this y , p s Agreement is held by a <br /> court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement <br /> shall continue in full force and effect unless an essential purpose of this Agreement is defeated by <br /> such invalidity or unenforceability. <br /> 11 . 13 No Third Party Beneficiaries. Except as expressly set forth herein, nothing <br /> contained in this Agreement is intended to or shall be deemed to confer upon any person, other <br /> than the Parties and their respective successors and assigns, any rights or remedies hereunder. <br /> 11 . 14 Parties Not Co-Venturers; Independent Contractor; No Agency Relationship. <br /> Nothing in this Agreement is intended to or shall establish the Parties as partners, co-venturers, or <br /> principal and agent with one another. The relationship of Developer and City is and shall remain <br /> solely that of a debtor and a creditor, and shall not be construed as a joint venture, equity venture, <br /> partnership or any other relationship. City neither undertakes nor assumes any responsibility or <br /> duty to Developer (except as expressly provided in this Agreement) or to any third party with <br /> respect to the Project or the City financing described herein. Developer and its employees are not <br /> employees of City but rather are, and shall always be considered independent contractors. <br /> Furthermore, Developer and its employees shall at no time hold themselves out as employees or <br /> agents of City. Except as City may specify in writing, Developer shall not have any authority to <br /> act as an agent of City or to bind City to any obligation. <br /> 11 . 15 Time of the Essence; Calculation of Time Periods. Time is of the essence for each <br /> condition, term, obligation and provision of this Agreement. Unless otherwise specified, in <br /> computing any period of time described in this Agreement, the day of the act or event after which <br /> the designated period of time begins to run is not to be included and the last day of the period so <br /> computed is to be included, unless such last day is not a business day, in which event the period <br /> shall run until the next business day. The final day of any such period shall be deemed to end at <br /> 5:00 p.m., local time at the Property. For purposes of this Agreement, a "business day" means a <br /> day that is not a Saturday, Sunday, a federal holiday or a state holiday under the laws of the State <br /> of California. <br /> 11 . 16 Governing Law; Venue. This Agreement shall be governed by and construed in <br /> accordance with the laws of the State of California without regard to principles of conflicts of <br /> laws. Any action to enforce or interpret this Agreement shall be filed and heard in the Superior <br /> Court of San Mateo County, California or in the Federal District Court for the Northern District of <br /> California. <br /> 11 . 17 Inspection of Books and Records. Upon request, Developer shall permit the City to <br /> inspect at reasonable times and on a confidential basis those books, records and all other <br /> documents of Developer necessary to determine Developer's compliance with the terms of this <br /> Agreement. <br /> 11 . 18 Political Activity. None of the funds, materials, property or services contributed by <br /> City to Developer under this Agreement shall be used for any partisan political activity or the <br /> election or defeat of any candidate for public office. <br /> 11 . 19 Non-Liability of City Officials. Employees and Agents. No member, official, <br /> employee or agent of the City shall be personally liable to the Developer in the event of any <br /> ATY/AGR/2017.218/RWC — BRADFORD — DDA <br /> REV: 09-18-17 VR <br /> Page 44 of 94 <br />