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Agmt05 First Community Housing
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Agmt05 First Community Housing
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Last modified
11/18/2008 11:46:40 AM
Creation date
3/7/2005 10:15:14 AM
Metadata
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Template:
Agreement
Contractor Name
First Community Housing
PROJECT NAME
El Camino - Vera project - Villa Montgomery
RMP File Number
405
Date
2/4/2005
Reso Ref
14624 RD-05-01 RD-05-2 RD 08-01
Box
6589
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<br />Agreement, then within said time limits), such party shall not be <br />deemed to be in default hereunder. <br /> <br />b. The inj ured party shall give written notice of <br />default to the party in default, specifying the default complained <br />of by the nondefaulting party. Delay in giving such notice shall <br />not constitute a waiver of any default nor shall it change the time <br />of default. <br /> <br />c. Any failure or delays by either party in asserting <br />any of its rights and remedies as to any default shall not operate <br />as a waiver of any default or of any such rights or remedies. <br />Delays by either party in asserting any of its rights and remedies <br />shall not deprive either party of its right to institute and <br />maintain any actions or proceedings which it may deem necessary to <br />protect, assert or enforce any such rights or remedies. <br /> <br />Section 5.02. <br /> <br />Legal Actions. <br /> <br />a. In addition to any other rights or remedies, either <br />party may institute legal action to cure, correct or remedy any <br />default, to recover damages for any default, or to obtain any other <br />remedy consistent with the purposes of this Agreement, except where <br />a remedy is indicated in this Agreement to be the sole remedy <br />available. Such legal actions must be instituted in the Superior <br />Court of the County of San Mateo, State of California or in the <br />Federal District Court in the Northern District of California. <br />Notwithstanding any other language in this Agreement to the <br />contrary, in the case where any claim by the Developer is covered <br />by the terms of the Title Policy, the Developer agrees to look <br />solely to the Title Company and payment under the title policy for <br />its remedy. <br /> <br />b. The laws of the State of California shall govern the <br />interpretation and enforcement of this Agreement. <br /> <br />c. In the event that any legal action is commenced by <br />the Developer against the Agency, service of process on the Agency <br />shall be made by personal service upon the Executive Director or <br />Chairman of the Agency, or in such other manner as may be provided <br />by law. <br /> <br />d. In the event that any legal action is commenced by <br />the Agency against the Developer, service of process on the <br />Developer shall be made in such manner as may be provided by law, <br />and shall be valid when made within the State of California. <br /> <br />39 <br /> <br />REDW\0006\DOC\001-5 <br />1/27/05 7:00 /mve <br />
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