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55A - ADOPT RES WIKTH NATIONAL COMMUNITY RENAISSANCE
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02/04/2020
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55A - ADOPT RES WIKTH NATIONAL COMMUNITY RENAISSANCE
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Last modified
1/29/2020 4:39:56 PM
Creation date
1/29/2020 4:34:45 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55A
Date
2/4/2020
Destruction Year
2025
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iMa:11-111 a <br />(d) This Agreement shall be deemed to have been delivered and accepted in <br />the State of California and governed exclusively by the internal substantive laws of the State of <br />California as the same may exist at the date hereof. The parties hereto hereby agree that any <br />action hereon between the parties hereto and their successors in interest may be maintained in a <br />court of competent jurisdiction located in the State of California, and consent to the jurisdiction <br />of any such California court for the purposes connected herewith. <br />(e) Each party hereto intends that this Agreement shall not benefit or create <br />any right or cause of action in or on behalf of any person other than the parties hereto and the <br />Partnership. <br />(t) This Agreement may be executed in multiple counterpart copies, any one <br />of which when duly executed, with all formalities hereof, shall be fully binding and effective as <br />the original of this Agreement. <br />(g) This Agreement shall be effective as of the date first written above, <br />provided however that in the event that the Developer does not receive an award of the AHSC <br />Loan and AHSC Grant, this Agreement shall automatically terminate and be of no further force <br />or effect. <br />(h) The provisions of this Agreement that, by their nature and content, must <br />survive the completion, rescission, termination, or expiration of this Agreement in order to <br />achieve the fundamental purposes of this Agreement will so survive and continue to bind the <br />Parties. Without limiting the generality of the foregoing, the Parties specifically acknowledge <br />that the provisions of Section 2 will survive and continue to bind the Parties. <br />[Signatures on following page] <br />i <br />rd <br />(3-U�a W f6 <br />55A-11 <br />
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