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THRIVE SANTA ANA, INC. (2)
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THRIVE SANTA ANA, INC. (2)
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Last modified
7/9/2020 3:35:14 PM
Creation date
7/9/2020 3:26:59 PM
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Contracts
Company Name
THRIVE SANTA ANA, INC.
Contract #
A-2020-044
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
3/3/2020
Expiration Date
3/3/2022
Destruction Year
2027
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personal injury and One Million Dollars ($1,000,000) for broad form property damage, <br />including premises -operations liability, contractor's protective liability for all subcontractors' <br />operations, completed operations, contractual liability (referring to the indemnity provisions of <br />the applicable construction contract(s)), and automobile liability (owned and non -owned), and <br />for any foundation, excavation, or demolition work, an endorsement that such operations are <br />covered and that the "XCU Exclusions" have been deleted, which insurance may be in the form <br />of a single limit policy or policies. <br />2.1.13 "Control" means possession, directly or indirectly, of the power to direct <br />or cause the direction of the management and policies of a Person, whether by ownership of <br />Equity Interests, by contract or otherwise. <br />2.1.14 "Controlling" and "Controlled" mean exercising or having Control. <br />2.1.15 "County' means the County of Orange, California. <br />2.1.16 "CPI" means the United States Department of Labor, Bureau of Labor <br />Statistics "Consumer Price Index" for Urban Wage Earners and Clerical Workers (CPI-W) <br />published for the Anaheim -Santa Ana -Irvine Metropolitan Statistical Area, with a base of 1982- <br />1984 = 100. If the CPI ceases to be published, with no successor index, then the Parties shall <br />reasonably agree upon a reasonable substitute index. The CPI for any date means the CPI last <br />published before the calendar month that includes such date. <br />2.1.17 "CPI Adiustment Factor" means, as of any date, the greater of (a) 1.00 <br />or (b) the CPI for such date divided by the CPI for the Commencement Date. <br />2.1.18 "Default" means any Monetary Default or Non -Monetary Default. <br />2.1.19 "Developer Official Action" means the official action of the Developer <br />authorizing the Developer's entry into and performance of this Agreement, in substantially the <br />form attached to this Agreement as Exhibit "D", executed by the authorized representative(s) <br />of the Developer. <br />2.1.20 "Developer Parties" means, collectively, the directors, officers, <br />employees and agents of the Developer. <br />2.1.21 "Developer Party" means, individually, the directors, officers, <br />employees or agents of the Developer. <br />2.1.22 "Due Diligence Completion Notice" means a written Notice of the <br />Developer delivered to the City, prior to the end of the Due Diligence Period, indicating the <br />Developer's unconditional acceptance of the condition of the Property or indicating the <br />Developer's rejection or conditional acceptance of the condition of the Property and refusal to <br />execute the Lease to the Property, describing in reasonable detail the actions that the Developer <br />reasonably believes are indicated to allow the Developer to unconditionally accept the condition <br />of the Property. <br />
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