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25K - 1019 S BRISTOL
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Last modified
1/3/2012 4:33:08 PM
Creation date
2/27/2008 1:33:54 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25K
Date
3/3/2008
Destruction Year
2013
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with the demolition of the buildings and all other Improvements on the Property shall be <br />paid by the Tenants as an offset from the final payment described in section 1(d), above. <br />3. Release <br />a. Owners and Tenants, individually and collectively on behalf of themselves, their agents, <br />assigns and related entities, agree to indemnify, fully release, acquit and discharge City, <br />and the officers, directors, employees, attorneys, accountants, other professionals, <br />insurers and agents of City (collectively "Agents") and all entities related to City, from <br />any and all rights, claims, interests, demands, actions or causes of action which Owners <br />and/or Tenants now have or may in the future have against City arising from the <br />acquisition of the Property, including, but not limited to, trade fixtures, furniture and <br />equipment, leasehold interests, and claims for loss of business goodwill, bonus value (if <br />any) and/or severance damages (if any). <br />b. No Party, nor any Agents, nor any related entities, to this ASA have made any statement <br />or representation to any other Party regarding any fact relied upon in entering into this <br />ASA, and each party expressly states it does not rely upon any statement, representation <br />or promise of any other Party or any Party's Agent or related entities in executing this <br />ASA, except as is expressly stated in this ASA. Each Party to this ASA has made_ such <br />investigation of the facts and law pertaining to this ASA, and of all other matters <br />pertaining hereto, as it deems reasonable, necessary and/or appropriate, and has <br />consulted with legal counsel concerning the matters contained herein. <br />4. Attorney's Fees <br />In the event of litigation relating to this ASA, the prevailing party shall be entitled to <br />reasonable attorneys' fees and costs.. <br />Indemnity By Owners and Tenants <br />Owners and Tenants shall individually and collectively indemnify, defend and hold harmless <br />City from and against any and all claims, demands, liabilities, losses, judgments, expenses and <br />attorney's fees resulting from the breach by Owners and/or Tenants of any provision of this <br />ASA, or the falsity of any representation or warranty made by Owners and/or Tenants <br />contained in this ASA. <br />6. Entire Agreement <br />This ASA contains the entire Agreement of the Parties hereto pertaining to the subject matter <br />discussed herein, and supersedes any prior written or oral agreements between them concerning <br />the subject matter contained herein. This ASA maybe modified only by a writing executed by <br />the Parties hereto. <br />Acquisition Settlement Agreement <br />Page 3 of 8 <br />25K-17 <br />
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