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<br />b. At no time shall the City be under any obligation to disburse money <br />to Redwood City 2020 in excess of the amount on deposit. The Committee <br />acknowledges that money received by the City will not be available for <br />disbursement for three (3) business days after the funds have been deposited by <br />City, or for a longer period, as deemed appropriate by City's Finance Director. <br /> <br />7. Hold Harmless. Each Party ("indemnitor") hereby agrees to defend, <br />indemnity, and save harmless each other Party and its respective governing board, <br />council, officers, boards commissions, agents, and employees (collectively, <br />"Indemnitees") against and from any and all claims, suits, actions of every name, kind <br />and description, which may be brought against Indemnitees, or any of them, by reason <br />of any injury to, or death of, any person (including corporations, partnerships and <br />associations) or damage suffered or sustained by any such person arising from, or <br />alleged to have arisen from, any act or omission to act, negligent or otherwise, of <br />Indemnitees under this Agreement. <br /> <br />8. Acts and Omissions of Executive Director. The acts and omissions of the <br />Executive Director or any other employees, agents or volunteers acting on behalf of <br />Redwood City 2020 shall not in any way be construed as the acts and omissions of the <br />City but shall be deemed as the acts and omissions of the Parties acting jointly. <br /> <br />9. Notices. The names and addresses of the persons who are authorized to <br />give written notices or to receive written notice on behalf of each of the Parties under <br />this Agreement are as follows: <br /> <br />CITY: <br /> <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />(650) 780-7300 <br />Attn: City Manager <br /> <br />REDWOOD CITY 2020: <br /> <br />Redwood City 2020 <br />Tajel Shah, Executive Director <br />750 Bradford Street <br />Redwood City, CA 94063 <br />(650) 423-2217 <br /> <br />WELLS FARGO: <br /> <br />Wells Fargo Bank <br />John Sotoodeh, Market President <br />1900 Broadway, Suite 200 <br />Redwood City, CA 94063 <br />(650) 569-4400 <br /> <br />Except as otherwise stated, all notices to be provided or that may be provided <br />under this Agreement must be in writing and delivered by regular or certified mail. Each <br />Party will notify the other immediately of any changes of address that would require any <br />notice or delivery to be directed to another address. <br /> <br />Atty/Agr/RC2020 Master Agreement <br />040104 <br /> <br />3 <br />