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Item 12 - 28 Civic Center Plaza Purchase Agreement
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08/15/2023 Regular
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Item 12 - 28 Civic Center Plaza Purchase Agreement
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3/5/2024 3:38:24 PM
Creation date
8/9/2023 4:32:14 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
12
Date
8/15/2023
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<br />Buyer in connection with this transaction. State shall indemnify, save harmless and defend <br />Buyer from any liability, cost, or expense arising out of or connected with any claim for any <br />commission or compensation made by any person or entity claiming to have been retained or <br />contacted by State in connection with this transaction. This indemnity provision shall survive <br />the Closing or any earlier termination of this Agreement. <br />21. Assignment. Buyer shall not assign its right, title, or interest in this Agreement to <br />any other party without the prior written consent of State, which determination may be withheld <br />in State's sole and absolute discretion. <br />22. Miscellaneous. <br />(a.) Partial Invalidity. If any term or provision of this Agreement or the <br />application thereof to any person or circumstance shall, to any extent, be invalid or <br />unenforceable, the remainder of this Agreement, or the application of such term or provision <br />to persons or circumstances other than those as to which it is held invalid or unenforceable, <br />shall not be affected thereby, and each such term and provision of this Agreement shall be <br />valid and be enforced to the fullest extent permitted by law. <br />(b.) Waivers. No waiver of any breach of any covenant or provision herein <br />contained shall be deemed a waiver of any preceding or succeeding breach thereof, or of any <br />other covenant or provision herein contained. No extension of time for performance of any <br />obligation or act shall be deemed an extension of the time for performance of any other <br />obligation or act except those of the waiving party, which shall be extended by a period of <br />time equal to the period of the delay. <br />(c.) Survival. All of the Buyer's and State's warranties, indemnities, <br />representations, covenants, obligations, undertakings and agreements contained in this <br />Agreement shall survive the Close of Escrow of the Property, and the execution and delivery <br />of this Agreement and of any and all documents or instruments delivered in connection <br />herewith; and no warranty, indemnity, covenant, obligation, undertaking or agreement herein <br />shall be deemed to merge with the Quitclaim Deed for the Property. <br />(d.) Successors and Assigns. This Agreement shall be binding upon and shall <br />inure to the benefit of the grantees, transferees, successors and permitted assigns of the Parties <br />hereto. <br />(e.) Entire Agreement. This Agreement (including all Recitals and Exhibits <br />attached hereto), is the final expression of, and contains the entire agreement between, the <br />Parties with respect to the subject matter hereof and supersedes all prior understandings with <br />respect thereto. This Agreement may not be modified, changed, supplemented, superseded, <br />canceled or terminated, nor may any obligations hereunder be waived, except by written <br />instrument signed by the party to be charged or by its agent duly authorized in writing or as <br />otherwise expressly permitted herein. The Parties do not intend to confer any benefit <br />hereunder on any person, firm or corporation other than the parties hereto. <br />(f.) Time of Essence. State and Buyer hereby acknowledge and agree that time <br />is strictly of the essence with respect to each and every term, condition, obligation and <br />EXHIBIT 2
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