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CARIBOU INDUSTRIES (13)
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CARIBOU INDUSTRIES (13)
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Last modified
1/11/2023 11:04:32 AM
Creation date
1/11/2023 10:57:23 AM
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Contracts
Company Name
CARIBOU INDUSTRIES
Contract #
A-2020-265-06
Agency
Community Development
Council Approval Date
11/17/2020
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goods or materials provided or services or labor performed regarding the Project or the City <br />Funded Improvements on behalf of Borrower by any person or entity. The indemnity and <br />defense obligations under this Agreement shall survive the expiration or earlier termination <br />of this Agreement, until all claims against any of the hidemnitees involving any of the <br />indemnified matters are fully, finally, absolutely and completely barred by applicable <br />statutes of limitations. <br />Section 5.4 Force Maicure. The occurrence of any of the following events will <br />excuse performance of any obligations of the City or Borrower rendered impossible to <br />perform while the event continues: strikes; lockouts; labor disputes; acts of God; <br />pandemics; quarantine restrictions; inability to obtain labor, materials or reasonable <br />substitutes for either; governmental restrictions, regulations or controls; executive orders; <br />judicial orders; enemy or hostile goverranental actions; civil commotion; fire or other <br />casualty and other causes beyond the control of the party obligated to perform. The <br />occurrence of a force majeure event will excuse Borrower's performance only in the event <br />that Borrower has provided notice to the City within thirty (30) days of Borrower's actual <br />knowledge the occurrence or commencement of the event or events, acid Borrower's <br />performance will be excused for a period ending thirty (30) days after the termination of <br />the event giving rise to the delay. <br />ARTICLE 6 REPRESENTATIONS AND WARRANTIES OF BORROWER <br />Section 6.1 Borrower Representations and Warranties, As a further inducement <br />for the City to enter into this Agreement, Borrower represents and warrants as follows: <br />(a) Borrower is lawfully entitled to do business in the State of California and <br />has the legal right, power and authority to enter into this Agreement and the instruments and <br />documents referenced herein and to consummate the transactions contemplated hereby. The <br />persons executing this Agreement and the instruments referenced herein on behalf of the <br />Borrower hereby represent and warrant that such persons have the power, right and authority to <br />bind the Borrower. <br />(b) When duly executed, the Loan Documents will constitute the legal, valid <br />and binding obligations of Borrower. Borrower hereby waives any defense to the enforcement <br />of the Loan Documents related to alleged invalidity of the Loan Documents, <br />(c) No action, suit or proceeding is pending or to the best of Borrower's <br />knowledge, threatened that might affect the Borrower or the Project adversely in any material <br />respect. <br />(d) Borrower is not in default under any agreement to which it is a party, <br />including any lease of -real property, <br />(e) All statements and representations made by Borrower in connection with <br />the Public Improvement Loan remain true and correct as of the date of this Agreement. <br />ARTICLE 7 NOTICES. <br />Section 7.1 Notice. Any and all Notices submitted by either Party to the other <br />Party pursuant to or as required by this Agreement shall be proper, if in writing and <br />55394.00049W0884170.6 16 <br />
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