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Purchase Agreement
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Seaport Centre Owner's Association - Purchase Agreement
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Purchase Agreement
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Last modified
11/18/2025 4:05:57 PM
Creation date
11/18/2025 4:00:50 PM
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Agreement
Contractor Name
HCP LS Redwood City, LLC Metropolitan Life Insurance Company Seaport Centre Owner's Association
RMP File Number
304
Date
10/23/2025
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"without limitation." The words "approval," "consent" and "notice" shall be deemed to be <br />preceded by the word "written." <br />(d) The attachments and exhibits attached to this Agreement are made <br />a part of this Agreement. <br />(e) Unless there is a specific reference to business days in this <br />Agreement (which shall refer to days other than Saturdays, Sundays and legal holidays), any <br />reference to days in this Agreement shall be deemed to refer to calendar days. <br />(f) Time is of the essence of this Agreement. <br />(g) This Agreement may be executed in counterparts, each of which <br />shall be an original, but all of which shall constitute one and the same agreement. <br />(h) This Agreement may not be amended or modified except by a <br />written instrument signed by Seller and City. <br />(i) This Agreement, in conjunction with the Master Agreement, <br />including all exhibits and amendments thereto, constitute the entire and integrated agreement <br />between Seller and City relating to Seller's grant to City of the Levee Assets and supersedes all <br />prior agreements, understandings, offers and negotiations, oral or written, with respect to the <br />transfer of the Levee Assets. <br />Q) From and after the date of this Agreement, Seller and City agree to <br />do such things, perform such acts, and make, execute, acknowledge and deliver such documents <br />as may be reasonably necessary or proper and usual to complete the transactions contemplated <br />by this Agreement. <br />(k) If any provision of this Agreement is determined by a proper court <br />to be invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not <br />affect the other provisions of this Agreement and this Agreement shall remain in full force and <br />effect without such invalid, illegal or unenforceable provision; unless the result would be <br />contrary to the Parties' material purposes of this Agreement. <br />(1) No waiver of any provision of this Agreement or any breach of this <br />Agreement shall be effective unless such waiver is in writing and signed by the waiving Party, <br />and any such waiver shall not be deemed a waiver of any other provision of this Agreement or <br />any other or subsequent breach of this Agreement. <br />(m) Whenever a reference is made herein to an action or approval to be <br />undertaken by City, the City Manager or his or her designee is authorized to act on behalf of <br />City, unless specifically provided otherwise or the context requires otherwise. <br />(n) The provisions of this Agreement and of the documents to be <br />executed and delivered at Closing are and will be for the benefit of Seller, City and the New <br />CFD only and are not for the benefit of any other third party, and accordingly, no third party <br />19 <br />4846-4218-3288 v36 <br />2025.276- SEAPORT PURCHASE AGREEMENT <br />REV: 10-15-25 VR <br />
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