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Res13 15263
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Res13 15263
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Last modified
8/28/2013 12:22:50 PM
Creation date
5/23/2013 9:38:47 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
5/20/2013
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relieve any board member, officer or employee of the City from the performance of any official <br /> duty provided by any applicable provisions of law or hereby. <br /> Section 8.05. Article and Section Headings.Gender and References. <br /> The headings or titles of the several articles and sections hereof and the table of <br /> contents appended hereto shall be solely for convenience of reference and shall not affect the <br /> meaning, construction or effect hereof, and words of any gender shall be deemed and construed <br /> to include all genders. All references herein to "Articles," "Sections" and other subdivisions or <br /> clauses are to the corresponding articles, sections, subdivisions or clauses hereof; and the words <br /> "hereby," "herein," "hereof," "hereto," "herewith," "hereunder" and other words of similar <br /> import refer to this Installment Purchase Contract as a whole and not to any particular article, <br /> section,subdivision or clause hereof. <br /> Section 8.06. Partial Invaliditv. <br /> If any one or more of the agreements or covenants or portions thereof contained <br /> herein required to be performed by or on the part of the City or the Authority shall be contrary to <br /> the law, then such agreement or agreements, such covenant or covenants or such portions thereof <br /> shall be null and void and shall be deemed sepazable from the remaining agreements and <br /> covenants or p�rtions thereof and shall in no way affect the validity hereof. The City and the <br /> Authority hereby declare that they would have executed this Instaliment Purchase Contract, and <br /> each and every other article, section, paragraph, subdivision, sentence, clause and phrase hereof <br /> irrespective of the fact that any one or more articles, sections, paragraphs, subdivisions, <br /> sentences, clauses or phrases hereof or the application thereof to any person or circumstance may <br /> be held to be unconstitutional,unenforceable or invalid. <br /> Section 8.b7. Assi ng ment• <br /> This Installment Purchase Contract and any rights hereunder shall be assigned by <br /> the Authority, in accordance with the Indenture, to the Trustee or any successor in interest to the <br /> � Trustee, without the necessity of obtaining the prior consent of the City. The City may not assign <br /> any of its rights hereunder. <br /> Section 8.08. Net Contract. <br /> This Installment Purchase Contract shall be deemed and construed to be a net-net- <br /> net contract, and the City shall pay absolutely net during the term hereof the Installment <br /> Payments and all other payments required hereunder free of any deductions and without <br /> abatement, diminution or set-off whatsoever. <br /> Section 8.09. Califomia Law. <br /> This Installment Purchase Contract shall be construed and governed in accordance <br /> with the laws of the State of California. <br /> . 2� <br /> 338529_I.DOC <br />
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