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Agmt25 1900 Broadway Owner LLC
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Agmt25 1900 Broadway Owner LLC
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Last modified
1/22/2025 10:54:25 AM
Creation date
1/22/2025 10:50:44 AM
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Agreement
PROJECT NAME
Affordable Housing Land Donation Agreement
RMP File Number
304
Date
1/21/2025
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Restrictive Covenant Agreement for any liability arising prior to the Effective Date and the <br />Assignee is responsible to indemnify the City and Indemnitees pursuant to Section 7.6 of the <br />Restrictive Covenant Agreement for any liability arising from and after the Effective Date. <br />9. Further Acts. Each of the parties, upon the request of any other, agrees to perform <br />such further acts and to execute and deliver such other documents as are reasonably necessary to <br />carry out the provisions of this Agreement. <br />10, Attorneys' Fees. In the event of any litigation arising out of the subject matter of <br />this Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and costs. <br />11. Inurement. This Agreement shall inure to the benefit of Assignor and Assignee, <br />and their respective successors, assigns, loan participants, parent corporations, subsidiaries, <br />affiliates, and successors -in -interest. <br />12. Governing Law and Venue. This Agreement shall be governed by and construed <br />in accordance with the laws of the State of California. In the event any legal action is commenced <br />to interpret or to enforce the terms of this Agreement or to collect damages as a result of any breach <br />thereof, the venue for such action shall be the Superior Court of the County of San Mateo. <br />13. Counterparts. This Agreement may be executed in any number of counterparts, <br />each of which shall be deemed to be an original, and all of such counterparts shall constitute one <br />agreement. To facilitate the execution of this Agreement, the parties may execute and exchange <br />counterparts of the signature pages by facsimile or electronic mail, and such facsimile or electronic <br />mail counterparts shall be binding as original signature pages. <br />[Signature Pages Follow] <br />ATTY/AGR/2024.193.1 ā AFFORDABLE HOUSING LAND DONATION AGREEMENT ā EXHIBIT Gā RESTRICTIVE COVENANTS AGR <br />REV: 10-22-24 VR <br />Page 34 of 41 <br />
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