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Last modified
3/14/2020 11:16:45 AM
Creation date
3/14/2020 11:08:06 AM
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Contracts
Company Name
TACENERGY
Contract #
A-2020-045
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
3/3/2020
Expiration Date
12/31/2045
Destruction Year
2050
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5.10 Defense of Third Party Claims. To the fullest extent permitted bylaw, TAC shall <br />indemnify, defend and hold harmless the City, its officers, agents, and employees from and against <br />any and all losses, liabilities, damages, costs and expenses that may be asserted by a third party, <br />including attorneys fees and costs in the event that a third party files litigation challenging the <br />validity or enforceability of this Agreement, or any payment of the City Consideration by the City <br />to TAC. The City and TAC may jointly defend the Agreement and/or City Consideration payment. <br />If the litigation is filed only against the City, TAC may move to intervene as a defendant, <br />respondent or real party in interest, based upon the nature and form of the litigation. <br />5.11 Force Majeure. The obligations by either party hereunder shall not be deemed in <br />default and times for performance hereunder shall be extended where delays are caused by <br />fire/casualty losses; strikes, riots or war; litigation; unusually severe weather; inability to secure <br />necessary labor, materials or tools because of a shortage in the market; delays of any contractor, <br />subcontractor or supplier; unjustified acts or failure to act by City in the processing or approval of <br />plans or permits or inspection or approvals of improvements for TAC's relocation of its <br />headquarters for its California business and sales office to the City; acts of God, or other similar <br />causes without the fault and beyond the reasonable control of the party, despite the party's diligent <br />efforts (collectively, "force majeure"), if written notice is provided to the other party within a <br />reasonable period following commencement of any such circumstances and, provided further, that <br />the extension of time shall be only for the period of the force majeure delay. Adverse market <br />conditions or the inability to obtain financing shall not constitute an event of force majeure. <br />5.12. Termination of IPC Agreement. Upon the Effective Date of this Agreement, the <br />previous IPC Agreement No. A-2013-130 shall be terminated for all purposes, and deemed no <br />longer effective or enforceable. <br />5.13 Counterparts. This Agreement may be executed in two or more counterparts, each <br />of which when so executed and delivered shall be deemed an original and all of which, when taken <br />together, shall constitute one and the same instrument. <br />{Signatures on following page} <br />
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