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6.2.A. - Page 14 <br />37. Time, is_ _of the Essence. Time is of the essence of this Agreement and of each and every <br />teml and condition hereof <br />38. RUI1S 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 complelion 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 ti•om 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 />RWC NVor� tunities LLC, a <br />Dela�ue�ility company <br />By: <br />Name:,.. <br />Title: O'c'-w c�t(;.Ij& n6�`� <br />/Signature must be notarized] <br />CITY <br />CITY OF REDWOOD CITY, a <br />charter_city'and muni ' ai-so�poration <br />1RJ.,c,. t D. Bell Mas <br />st M pro arizedl <br />REV: 06.04-15 VR <br />".- ity Clerk <br />Page 32 of20 <br />E"UUITIVINKIINUMNINum MW Mg, <br />