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Agmt10 Schrader Leask Development, Inc.
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Agmt10 Schrader Leask Development, Inc.
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Last modified
10/13/2010 3:31:38 PM
Creation date
10/13/2010 3:29:33 PM
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Agreement
Contractor Name
Schrader Leask Development, Inc.
PROJECT NAME
Real Estate Option Agreement 80 Chemical Way APN 052-392-190
RMP File Number
304
Date
10/1/2010
MO Ref
10-194
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successors and assigns by reason of Landlord's acquisition of the Property, this Lease, the <br /> termination of this Lease for any reason, any taking of the Property under power of eminent <br /> domain, and/or the displacement of Tenant from the Property. <br /> 30.3 Waiver of Civil Code Section 1542. Tenant, on behalf of itself and its <br /> agents, successors and assigns, expressly waives all rights under Section 1542 of the Civil Code <br /> of the State of California ( "Section 1542 "), or any other federal or state statutory rights or rules, <br /> or principles of common law or equity, or those of any jurisdiction, government, or political <br /> subdivision thereof, similar to Section 1542 (hereinafter referred to as a "Similar Provision "). <br /> Thus, Tenant and its agents, successors and assigns, and any business, enterprise, or venture in <br /> which they are involved, may not invoke the benefits of Section 1542 or any Similar Provision in <br /> order to prosecute or assert in any manner the matters Released in Section 30.1 or Section 30.2 <br /> above. Section 1542 provides as follows: <br /> "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE <br /> CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER <br /> FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF <br /> KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS <br /> OR HER SETTLEMENT WITH THE DEBTOR. ". <br /> Tenant's Initials: <br /> Indemnification. Tenant acknowledges that Landlord is relying on Tenant's covenants that <br /> pursuant to this Lease there are and shall be no tenants or occupants of the Property other than <br /> Tenant. In the event that Tenant breaches such covenants with respect to the existence of other <br /> occupants or lessees of the Property, then without limiting Landlord's recourse for Tenant's <br /> breach of such representations and warranties, if such other tenants or occupants shall be entitled <br /> to Relocation Benefits, Tenant shall have the sole and exclusive responsibility for providing all <br /> such Relocation Benefits and paying all relocation costs required to comply with all applicable <br /> federal and state laws, rules, and regulations and satisfying all Claims of such parties. Tenant <br /> hereby agrees to indemnify, defend, protect and hold the Released Parties harmless from and <br /> against any Claims asserted against or sustained by the Released Parties arising from the <br /> presence or claims of any tenants or occupants of the Property (other than Tenant) or any third <br /> party who has been granted an interest in the Property by or through Tenant, including without <br /> limitation claims for Relocation Benefits and inverse condemnation. <br /> Redwood City Lease 10.04. 2010 v.5 (80 Chemical) 25 <br />
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