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RecDoc2023-000975 Harbor View Property LLC.
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RecDoc2023-000975 Harbor View Property LLC.
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Last modified
1/26/2023 4:05:17 PM
Creation date
1/20/2023 12:32:20 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Development Agreement
Doc Num
2023-000975
Rec Date
1/10/2023
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Attn: <br />15. Captions; Interpretation. The section headings used herein are solely for <br />convenience and shall not be used to interpret this Assignment. The Parties acknowledge <br />that this Assignment is the product of negotiation and compromise on the part of both <br />Parties, and the Parties agree, that since both have participated in the negotiation and <br />drafting of this Assignment, this Assignment shall not be construed as if prepared by one of <br />the Parties, but rather according to its fair meaning as a whole, as if both Parties had <br />prepared it. <br />16. Severability. If any term, provision, condition or covenant of this Assignment or its <br />application to any party or circumstances shall be held by a court of competent jurisdiction, <br />to any extent, invalid or unenforceable, the remainder of this Assignment, or the application <br />of the term, provision, condition or covenant to persons or circumstances other than those as <br />to whom or which it is held invalid or unenforceable, shall not be affected, and shall be <br />valid and enforceable to the fullest extent permitted by law unless the rights and obligations <br />of the Parties have been materially altered or abridged thereby. <br />17. Applicable Law. This Assignment shall be governed by, and construed in <br />accordance with, the laws of the State of California, applicable to contracts executed in and <br />to be performed entirely within that state, and without regard to the conflicts of laws, or <br />choice of law provisions thereof. <br />18. Estoppel Certificates. Within ten (10) days after receipt of a written request from <br />time to time, either Party shall execute and deliver to the other, or to an auditor or <br />prospective lender or purchaser, a written statement certifying to that Party's actual <br />knowledge: (a) that the DA is unmodified and in full force and effect (or, if there have been <br />modifications, that the DA is in full force and effect, and stating the date and nature of such <br />modifications); (b) that there are no current defaults under the DA by City and the <br />requesting party (or, if defaults are asserted, so describing with reasonable specificity), and <br />that there are no conditions which, with the Assignment is unmodified and in full force and <br />effect (or, if there have been modifications, that this Assignment is in full force and effect, <br />and stating the date and nature of such modifications); and (d) such other matters as may be <br />reasonably requested. <br />19. No Waiver. No delay or omission by either Party in exercising any right, remedy, <br />election or option accruing upon the noncompliance or failure of performance by the other <br />Party under the provisions of this Assignment shall constitute an impairment or waiver of <br />any such right, remedy, election or option. No alleged waiver shall be valid or effective <br />unless it is set forth in a writing executed by the party against whom the waiver is claimed. <br />A waiver by either Party of any of the covenants, conditions or obligations to be performed <br />by the other Party shall not be construed as a waiver of any subsequent breach of the same <br />or any other covenants, conditions or obligations. <br />AM/AGR/2022.389/HARBOR VIEW Exhibit E-4 <br />PROJECT DEVELOPMENT AGREEMENT <br />REV: 10-28-2022 VR <br />
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