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AgdaPkt 2009-08-10
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AgdaPkt 2009-08-10
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Last modified
9/24/2013 12:14:46 PM
Creation date
8/6/2009 3:04:18 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
8/10/2009
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7B <br /> Page 9 <br /> ATTACHMENT 2 <br /> Sect:ion 3.12. Further Assuran�es. The parties wiI.l execute and deliver, upon demand by <br /> tl�e other pa�1:y, su.ch further docu�x�ents, instruments and conveyances, and shall take such further <br /> actions as such other party may request from time to time to document the transactions set forth. <br /> herein. <br /> Section 3.I3. Assignment and Transfer. Developer has the right to assign or transfer ali <br /> or any �ortion of Devel.oper's interest, rights and obl.igations under this �greement to thi.r.d <br /> parties and to subsidia.ries, affiliates and su.ccessors of DEVeloper acquiring an.inte�est or estate in <br /> the Project or Property. If al.l o.r any portion of the Project or Property is so transferred by <br /> Developer to any person or entii.y, the �ransferee succeeds to all of Dev�ioper's ri.ghi:s under this <br /> Agreement, insvfar as they relate to such transferred p.roperty, and the transferee will <br /> autom.atica�ly assume all obligatio��s of Developer, past, presen.t anci £uture, insofar as tlley relate <br /> to ea.ch transf�rred p�raperty. Deveioper i.s released from i.ts obligafiions under this Agreement, <br /> insvfar as tl�ey relate to any por�ion of the Prvject or Property sold, transferred or assigned, as of <br /> the date of such a �ransaction. Failure to deliver a written assumption agreement hereunder does <br /> not negate, modify or otherwise affect th.e liability of any transferee pursuant to the provisions of <br /> this A�reemen.i. I�7o b.reach ar d�fauit by any person succceding to any portion of Develope.r.'s <br /> interest under this Agreemen.t is attributa.ble to Developer, nor may Deveioper's rights hereund.er <br /> be can.cel.led o.r di.minished in any wa�by any delaul�or breach by any such per�on. <br /> Section 3.I4. Integrati.on; Counter�arts; Exhibils. Thi.s Agreemcnt may executed in 2 <br /> du.plicate originals, each of which is an original, but al.I of wh.ich taken together is considered one <br /> and the same insirument. This Agreemen.t consists of Articles 1 thxough 3, including the <br /> Recital.s, and Exhibits A. through B, bath inclusive, attached hereto, and incorporated by <br /> refcrci�ce herein, which constitut� the enti.rc under�tanding and agreement of the Parti.es. The <br /> exhihii:s are as follows: <br /> Exhibi.t A 1VIap of Property <br /> :�xhibii B Description of Property <br /> iV�OW, THE�t.EFURE,the Parties hereby enter inio ihis Legal Services Reirnburse�ncnt <br /> �greement. <br /> CITY: <br /> CITY OF REDWUUD CITY, CAL�F�RI��IA <br /> By: <br /> Nam.e: Stan Ya�namoto <br /> Its: City A.ttorney <br /> DEVELOPER: <br /> By: <br /> ATTYIAGR/20U9.{)33 5 <br /> Q71G49 <br />
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