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AgdaPkt 2020-10-26 Joint SA PFA
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AgdaPkt 2020-10-26 Joint SA PFA
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Last modified
11/2/2020 1:04:03 PM
Creation date
10/22/2020 5:08:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/26/2020
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7.A. - Page 127 of 176 <br />ATTACHMENT 7 <br />GENERAL ASSIGNMENT <br />This General Assignment, Assignment of Contracts and Bill of Sale ("Assignment") is <br />made as of the day of , 202_ ("Assignment Date"), by [Insert as <br />applicable: HCP LS REDWOOD CITY, LLC, a Delaware limited liability company or <br />METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation] (the "Assignor"), <br />and City of Redwood City, a California municipal corporation (the "Assignee"). <br />A. Pursuant to that certain Purchase and Sale Agreement dated as of , <br />20_ by and between Assignor, and Seaport Centre Owners' Association, <br />and Assignee (the "Purchase Agreement"), Assignee has this day acquired from <br />Assignor and the Levee Assets. Capitalized terms used herein shall have the <br />meanings ascribed to them in the Purchase Agreement. <br />B. Under the Purchase Agreement, Assignor is obligated to assign to Assignee all of <br />Assignor's right, title and interest in and to (i) the Personal Property described in Attachment No. 1 <br />attached hereto; and (ii) the Intangible Personal Property described in Attachment No. 2 attached <br />hereto. <br />NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, the parties hereto hereby agree as follows: <br />1. General Assignment. Assignor hereby assigns, transfers and sets over unto <br />Assignee, without representation or warranty of any kind, except as expressly set forth in the <br />Purchase Agreement, and Assignee hereby accepts from Assignor, any and all of Assignor's right, <br />title and interest in and to the Personal Property and the Intangible Personal Property. <br />2. Bill of Sale. For good and valuable consideration, the receipt and sufficiency of <br />which is hereby acknowledged, Assignor does hereby GRANT, SELL, CONVEY, TRANSFER <br />AND DELIVER to Assignee, without any warranty of any kind (except as otherwise expressly set <br />forth in the Purchase Agreement), any and all of Assignor's rights, title and interests in and to the <br />Personal Property and the Intangible Personal Property. From and after the date of this <br />Assignment, it is intended by the parties that Assignee and its successors and assigns shall have <br />the right to use, have, hold and own the Personal Property and the Intangible Personal Property <br />forever. <br />3. Counterparts. This Assignment may be executed in counterparts, each of which <br />shall be deemed an original, and all of which shall together be deemed one document. <br />4. Successors and Assigns. This Assignment and the provisions hereof shall inure to <br />the benefit of and be binding upon the parties to this Assignment and their respective successors, <br />heirs and permitted assigns. <br />5. No Third Party Beneficiaries. Assignor and Assignee do not intend, and this <br />Assignment shall not be construed, to create a third -party beneficiary status or interest in, nor give <br />Attachment 7 to Exhibit C Page 1 <br />OAK #4846-4218-3288 v15 <br />05674-0058 <br />309 <br />
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