Laserfiche WebLink
<br />9 <br />and vest in the City, without the necessity of any additional document or transfer. Nothing herein <br />shall require the Authority to perform any obligations of any purchaser with respect to any <br />contract or purchase order with respect to the Project. <br /> <br />The City acknowledges and agrees that the Authority makes no representation or <br />warranty, express or implied, as to the Project, except as expressly set forth in this Installment <br />Purchase Contract. The City acknowledges that all risks relating to the Project or the <br />transactions contemplated hereby or by the Indenture are to be borne by the City, and the <br />benefits of any and all implied warranties and representations of the Authority are hereby <br />waived by the City. <br /> <br />Section 2.02. [Reserved]. <br /> <br />Section 2.03. Indemnification and Expenses of Authority. <br /> <br />To the extent permitted by law, the City does hereby assume liability for, and agrees to <br />defend, indemnify, protect, save and keep harmless the Authority and its directors, officers and <br />employees and its successors and assigns from and against any and all liabilities, obligations, <br />losses, damages (including consequential damages incurred by others), taxes and impositions, <br />penalties, fines, claims, actions, suits, costs and expenses and disbursements (including legal <br />fees and expenses) of whatsoever kind and nature imposed on, asserted against or incurred or <br />suffered by the Authority or its directors, officers or employees or its successors and assigns in <br />any way relating to or arising out of the purchase or Acquisition of the Project or the City’s use <br />thereof, the execution and delivery or performance hereof or the assignment hereof (except with <br />respect to any representations and warranties made by the Authority therewith) or the Indenture <br />or any other agreements related thereto, or the enforcement of any of the terms thereof. <br /> <br />Section 2.04. Authority not Liable. <br /> <br />The Authority and its directors, officers and employees shall not be liable to the City or to <br />any other party whomsoever for any death, injury or damage that may result to any person or <br />property by or from any cause whatsoever in, on, or about or relating to the Project, and in no <br />event shall the Authority be liable for any incidental, indirect, special or consequential damage in <br />connection herewith or arising hereunder. <br /> <br />Section 2.05. Disclaimer of the Authority. <br /> <br />The City acknowledges and agrees that the Authority makes no representation or <br />warranty, express or implied, as to the Project, except as expressly set forth in this Installment <br />Purchase Contract. The City acknowledges that all risks relating to the Project or the <br />transactions contemplated hereby or by the Indenture, are to be borne by the City, and the <br />benefits of any and all implied warranties and representations of the Authority are hereby <br />waived by the City. <br /> <br /> <br />8.A. - Page 177 of 255 <br />805