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6.2.A. - Page 21 <br />and if such party is a partnership, corporation or trustee, that such partnership, corporation or trustee has <br />full right and authority to enter into this Agreement and perform all of its obligations hereunder, <br />37. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br />term and condition hereof. <br />38. Runs with the Land: Recordation. This Agreement pertains to and shall run with the <br />Property. Upon execution, this Agreement shall be recorded in the Official Records of San Mateo <br />County. Upon completion of performance and satisfaction by Developer of its obligations under this <br />Agreement, including warranty obligations, a written statement shall be recorded by City in the Official <br />Records of San Mateo County terminating this Agreement and releasing all of the Property. The recorded <br />written statement does not release the parties from obligations that survive termination of the Agreement, <br />including indemnification. <br />IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br />Date. <br />DEVELOPER <br />PREMIA SOUTH COUNTY, LLC, <br />a Delaware limited liability company <br />B <br />Y• <br />Name:i <br />Title: L c�,- €"d &u,4, �Z) <br />[Signature must be notarized] <br />CITY <br />CITY OF REDWOOD CITY, a <br />charter city and municipal corporation <br />Robert $: )3ell, City Manager J <br />&(j s- S4ee%s r� U C4 - <br />[Signature must be notarized] <br />ATT T: <br />Si via Vonder den, ity clerk <br />REV: 10-12-15 VR <br />Page 12 of 19 <br />ATTY/AGR,2015.229/Premia 550 Owner, LLC <br />