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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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RecDoc2025-003096 Lane 1900 Broadway Owner LLC
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Last modified
2/13/2025 4:01:36 PM
Creation date
1/23/2025 3:17:46 PM
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Recorded Docs - Type
Agreement
Subject
Development Agreement
Doc Num
2025-003096
Rec Date
1/23/2025
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(c) Assignment of Rights and Claims against Contractor. Assignor assigns to <br />Assignee all rights and claims Assignor may have against Contractor in connection with the <br />Contracts; provided, however, that Assignee may not pursue any such right or claim unless a <br />Default shall have occurred under the Land Donation Agreement. <br />14. Governing Law. This Assignment shall be governed by and enforced in <br />accordance with the laws of California, without giving effect to the choice of law principles that <br />would require the application of the laws of a jurisdiction other than California. <br />15. Consent to Jurisdiction and Venue. Assignor agrees that any controversy arising <br />under or in relation to this Assignment shall be litigated exclusively in the State of California. The <br />state and federal courts and authorities with jurisdiction in the State of California shall have <br />exclusive jurisdiction over all controversies which shall arise under or in relation to this <br />Assignment. Assignor irrevocably consents to service, jurisdiction, and venue of such courts for <br />any such litigation and waives any other venue to which it might be entitled by virtue of domicile, <br />habitual residence or otherwise. However, nothing herein is intended to limit the Assignee's right <br />to bring any suit, action or proceeding relating to matters arising under this Assignment against <br />Assignor or any of Assignor's assets in any court of any other jurisdiction. <br />16. Successors and Assigns. This Assignment shall be binding upon Assignor and its <br />heirs, legal representatives, successors, successors -in -interest and assigns, as appropriate, and shall <br />inure to the benefit of the Assignee and its respective successors, successors -in -interest and <br />assigns. The terms used to designate any of the parties herein shall be deemed to include the heirs, <br />legal representatives, successors, successors -in -interest and assigns, as appropriate, of such parties. <br />References to a "person" or "persons" shall be deemed to include individuals and entities. <br />Assignor acknowledges and agrees that the Assignee, at its option, may assign its rights and <br />interests under this Assignment in whole or in part and upon such assignment all the terms and <br />provisions of this Assignment shall inure to the benefit of such assignee to the extent so assigned. <br />Except as may otherwise be permitted pursuant to the Land Donation Agreement, the Affordable <br />Housing Restrictive Covenants Agreement, and the Irrevocable Offer to Dedicate, Assignor may <br />not assign or delegate its rights, interests or obligations under this Assignment without first <br />obtaining Assignee' prior written consent, such consent not to be unreasonably withheld. <br />17. Severability. The invalidity, illegality or unenforceability of any provision of this <br />Assignment shall not affect the validity, legality or enforceability of any other provision, and all <br />other provisions shall remain in full force and effect. <br />18. Expenses. Assignor shall pay to the Assignee, upon demand, the amount of any <br />and all expenses, including, without limitation, reasonable attorney's fees (including reasonable <br />time charges of attorneys who may be employees of the Assignee), which the Assignee may incur <br />in connection with (a) the custody, preservation or sale of, collection from, or other realization <br />upon any of the interests assigned or encumbered by this Assignment, (b) the exercise or <br />enforcement of any of its rights hereunder, (c) the failure by Assignor to perform or observe any <br />of the provisions hereof, or (d) the breach by Assignor of any representation or warranty of <br />Assignor set forth herein. <br />19. Remedies Cumulative. In the event of Assignor's default under this Assignment, <br />the Assignee may exercise all or any one or more of its rights and remedies available under this <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT— EXHIBIT F—ASSIGNM ENT OF CONTRACTS AGR <br />REV: 10-22-24 VR <br />Page 4of9 <br />
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