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AgdaPkt 2010-11-08
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AgdaPkt 2010-11-08
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Last modified
7/9/2012 11:55:06 AM
Creation date
11/4/2010 2:20:38 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
11/8/2010
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6.2A <br /> Page 20 <br /> Each party agrees to cooperate with the other in the Closing of this transaction <br /> and, in that regard, to sign any and a11 documents which may be reasonably necessary, helpful, or <br /> appropriate to carry out the purposes and intent of this Agreement. <br /> 7.7. Dependency and Survival of Provisions. The respective wa�anties, <br /> representations, covenants, agreements, obligations and undertakings of each party hereunder ' <br /> shall be construed as dependent upon and given in consideration of those of the other party, and <br /> shall survive the Close of Escrow and delivery of the Grrant Deed. <br /> 7.8. Default. Failure or delay by either party to perform any covenant, condition, or <br /> provision of this Agreement within the time provided herein constitutes a default under this <br /> Agreement. The injured party shall give written notice of default to the party in default, <br /> specifying the default complained of. The defaulting party shall immediately commence to cure <br /> such default and shall diligently complete such cure within ten (10) days from the date of the <br /> notice. The injured party shall have the right to terminate this Agreement by written notice to the <br /> other party in the event of a default which is not cured within such ten (10) day period. I <br /> 7.9. Condemnation; Damage or Destruction. In the event that any portion of the ' <br /> Property shall be taken in condemnation or under the right of eminent domain after the Effective <br /> Date, or in the event that any portion of the Property is damaged or destroyed after the Effective <br /> Date, Buyer, in its absolute discretion, may either: (a) terminate this Agreement, in which case, <br /> the Purchase Price, or any portion thereof, which has been depoPropertyd by Buyer sha11 be <br /> refunded to Buyer; or (b) proceed to close this transaction, in which case Buyer shall be entitled <br /> to the entire portion of the award and/or insurance proceeds which are attributable to the <br /> Property. <br /> 7.10. Gender and Number. In this Agreement (unless the context requires otherwise), <br /> the masculine, feminine, and neuter genders and the singular and the plural shall be deemed to <br /> include one another, as appropriate. <br /> 7.11. Entire Agreement. This Agreement and its exhibits constitute the entire <br /> agreement between the parties hereto pertaining to the subject matter hereof, and the final, <br /> complete, and exclusive expression of the terms and conditions thereo£ All prior agreements, <br /> representations, negotiations, and understanding of the parties hereto, oral or written, express or <br /> implied, are hereby superseded and merged herein. <br /> 7.12. Interpretation. The headings at the beginning of each paragraph and subparagraph <br /> are solely for the convenience of the parties only and are not a part of this Agreement and do not <br /> in any way limit or amplify the terms and provisions hereof. <br /> 7.13. Governin�Law. This Agreement and the exhibits attached hereto have been <br /> negotiated and executed in the State of California and shall be governed by and construed under <br /> the laws of the State of California. <br /> 7.14. Invaliditv of Provision. If any provision of this Agreement as applied to any party <br /> or to any circumstance shall be adjudged by a court of competent jurisdiction to be void or <br /> unenforceable for any reason, the same shall in no way affect (to the maximunn extent <br /> permissible by law) any other provision of this Agreement, the application of any such provision <br /> 16 <br /> 82483.0000015 5 7 1 002.3 <br /> ATTY/AGR/2010.120 <br /> 103010 <br />
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