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Item 42 - Exchange of Real Property and Purchase of Land
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06/21/2022 Regular & Special HA
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Item 42 - Exchange of Real Property and Purchase of Land
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
42
Date
6/21/2022
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9.3 Waivers. The waiver by either Party of any breach of any covenant or agreement herein <br />contained on the part of the other Party shall not be deemed or held to be a waiver of any <br />subsequent or other breach of said covenant or agreement nor a waiver of any breach of any <br />other covenants or agreements contained herein. <br />9.4 Assignme . Neither this Agreement, nor any interest herein, shall be assignable by any <br />Party without prior written consent of the other, non -assigning Party hereto. <br />9.5 Inurement. Subject to the restrictions against assignment as herein contained, this <br />Agreement, and all the terms, covenants, and conditions hereof, shall inure to the benefit of <br />and shall be binding upon, the assigns, successors in interest, personal representatives, <br />estates, heirs and legatees of the respective parties hereto. <br />9.6 Governing Law. All questions with respect to this Agreement, and rights and liabilities of <br />the Parties hereto, shall be governed by the laws of the State of California. Venue shall be <br />in the County of Orange. <br />9.7 Attorney. In the event of any controversy, claim or dispute between the Parties hereto, <br />arising out of or relating to this Agreement or the breach thereof, the prevailing party shall <br />be entitled to recover from the other party reasonable expenses, attorney fees and costs. <br />9.8 Entire Agreement. The Agreement contains the entire agreement of the Parties hereto, and <br />supersedes any prior written or oral agreements between them concerning the subject matter <br />contained herein. There are no representations, agreements, arrangements, or <br />understandings, oral or written, between the Parties hereto, relating to the subject matter <br />contained in this Agreement which are not fully expressed herein. <br />9.9 Additional Documents. All Parties hereto agree to execute any and all additional documents <br />and instruments necessary to carry out the terms of this Agreement. <br />9.10 No Merger. All warranties, representations, acknowledgements, releases, covenants and <br />obligations contained in this Agreement shall survive delivery and recordation of the grant <br />deeds. <br />9.11 Contingency. It is understood and agreed between the Parties hereto that the completion of <br />this transaction, and the escrow created hereby, is contingent upon the specific acceptance <br />and approval of the City herein. The execution of these documents and the delivery of same <br />to Escrow Agent constitute said acceptance and approval. <br />9.12 Modification and Amendment. This Agreement may not be modified or amended except in <br />writing signed by the Parties. <br />9.13 Partial Invalidity. Any provision of this Agreement that is unenforceable or invalid or the <br />conclusion of which would adversely affect the validity, legality, or enforcement of this <br />Agreement shall have no effect, but all the remaining provisions of this Agreement shall <br />remain in full force. <br />Page 9of11 <br />
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