Agmt97 M J Brock & Sons dba Ryl - Laserfiche WebLink

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omissions of Licensor. The provisions of this Section 4.6 shall cease to be applicable to Ryland from and after the date the Notice of Completion (as defined in Section 5.1 below) is recorded with the San Mateo County Recorder. 4.7 Limitations on Use. Licensees acknowledge and agree that the license granted under this Agreement is granted for the sole and exclusive purpose of allowing Licensees to perform and maintain the Mitigation Work on the Property in accordance with the provisions of this Agreement. Neither Licensees nor any of the Licensee Group shall use the Property for any other purpose whatsoever, including, without limitation, to dispose of any materials, equipment, debris or supplies or to construct any improvements whatsoever, other than as specifically set forth or contemplated in this Agreement. 4.8 Maintenance of Drainage. Licensees and Licensees' Contractors shall install and maintain the Mitigation Work on the Property in such a manner so as not to interfere with drainage on areas of Area 1-2 not within the boundaries of the Property and so as not to interfere with Licensor's activities at the Project or interfere with other real property owned by Licensor, including, without limitation, maintaining existing storm drainage swales or channels and avoiding depressions, holes and ponding on areas of Area 1-2 not within the boundaries of the Property. 5. Post Completion Covenants. The grant of the license pursuant to Section 1 of this Agreement and Licensees' right to enter upon the Property to perform the Mitigation Work is subject to Licensees promptly satisfying all of the conditions subsequent set forth in Sections 5.1 and 5.2 below following completion of the Mitigation Work (collectively, the ~Conditions Subsequent"): 5.1 Notice of Completion. Within five (5) calendar days following completion of the Mitigation Work or acceptance of the Mitigation Work by the City Council, as appropriate, Licensees shall both (i) provide written notice of such completion to Licensor and (ii) complete and record with the San Mateo County Recorder a notice of completion with respect to the Mitigation Work, as applicable, which notice of completion shall comply in all respects with the requirements of California Civil Code Section 3093. If Licensees fail to record such notice of completion within such five (5) day period, then Licensor shall have the right, but not the obligation, to record a notice of completion with respect to such work. E:\RE\70140\O62\LICENSE4.WPD 9