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NS-2057
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Last modified
1/3/2012 1:03:14 PM
Creation date
6/26/2003 10:08:08 AM
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Template:
City Clerk
Doc Type
Ordinance
Doc #
NS-2057
Date
4/2/1990
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4'88 <br /> <br /> E. ApDlicable Law. This Agreement shall be construed <br />in accordance with the laws of the State of California. <br /> <br /> F. Inaction Not a Waiver Of Default. Any failure or <br /> <br />delay by a party in asserting any of its rights and remedies <br />as to any default shall not operate as a waiver of any <br />default or of any such rights or remedies, or deprive such <br /> <br />party of its right to institute and maintain any actions or <br />proceedings which it may deem necessary to protect, assert, <br />or enforce any such rights or remedies. <br />Section 3. General Provisions. <br /> <br /> A. Assignment. Prior to completion of construction of <br />the Project, Developer shall have the right to assign its <br />rights and obligations under this Agreement and the Site only <br />to a person or entity to which Developer is permitted to <br />assign and has assigned its rights under the DDA. <br /> <br /> B. No Joint Venture or Partnership. City and <br /> <br />Developer mutually deny any intention to form a joint venture <br />or partnership, and agree that nothing contained herein or in <br /> <br />any document executed in connection herewith shall be <br />construed as making City and Developer joint venturers or <br />partners. <br /> <br /> C. Covenants. The provisions of this Agreement <br /> <br />shall constitute covenants which shall run with the land <br />comprising the Site, and the benefits and burdens hereof <br />shall bind and inure to all successors in interest to the <br />parties hereto. Within ten (10) days after the date that <br /> <br />2/23/90 <br /> <br />-17- <br /> <br /> <br />
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