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Agmt20 HCP, Met Life, SCOA
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Agmt20 HCP, Met Life, SCOA
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Last modified
11/18/2025 5:12:45 PM
Creation date
2/1/2022 9:02:05 AM
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Agreement
Contractor Name
HCP, Met Life, SCOA
PROJECT NAME
Levee Financing and Improvement Agreement
Date
10/27/2020
Reso Ref
15900
Amendment
Yes
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(h) Inter retation. The word "including" shall be construed as if followed by the <br />words "without limitation." All exhibits and attachments to this Agreement are incorporated by <br />reference as though fully restated herein. This Agreement shall be interpreted as though <br />prepared jointly by all Parties. Section headings in this Agreement are for convenience only and <br />are not intended to be used in interpreting or construing the terms, covenants or conditions <br />contained in this Agreement. <br />(i) Severability. If any provision of this Agreement is held, to any extent, invalid, the <br />remainder of this Agreement shall not be affected, except as necessarily required by the invalid <br />provision, and shall remain in full force and effect. <br />0) Entire A reement. The terms and conditions of this Agreement constitute the <br />entire agreement between the Parties with respect to the matters addressed in this Agreement. <br />This Agreement may not be altered, amended or modified without the written consent of all <br />Patties hereto. <br />(k) Governing Law• Venue. This Agreement shall be construed and enforced in <br />accordance with the laws of the State of California, without reference to choice of law <br />Provisions. Any legal actions under this Agreement shall be brought only in the Superior Court <br />Of the County of San Mateo, State of California, or in the United District Court for the Northern <br />District of California if subject to Federal jurisdiction. <br />(1) Time is of the Essence. ' Time is of the essence of this Agreement and of each and <br />every term and condition hereof. <br />(m) Runs with the Land• Recordation. Upon satisfaction of the Conditions Precedent, <br />the Memorandum of Agreement in the form attached hereto as Exh� shall be executed and <br />acknowledged by the parties and recorded in the Official Records of San Mateo County. Upon <br />Agreement, including SCOA's warranty obligations, a written statement shall be recorded <br />completion of performance and satisfaction by SCOA and Owners of their obligations under this City in the Official Records of San Mateo County terminating this Agreement and releasing by <br />of the Property. The recorded written statement does not release the parties front obi igations that <br />expressly survive termination of the Agreement, including indemnification obligations. <br />IN WITNESS WHEREOF, this Agreement has been entered into by and among SCOA, <br />Met Life, HCP and City as of the Effective Date first above written. <br />[SIGNATURES ON FOLLOWING PAGES] <br />OAK #4819-4834-1908 v20 32 <br />
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