17. Compliance With Environmental Laws. To the best of Agency's knowledge the Property complies with all
<br />applicable laws and governmental regulations including, without limitation, all applicable federal, state, and local
<br />laws pertaining to air and water quality, hazardous waste, waste disposal, and other environmental matters,
<br />including, but not limited to, the Clean Water, Clean Air, Federal Water Pollution Control, Solid Waste Disposal,
<br />Resource Conservation Recovery and Comprehensive Environmental Response Compensation and Liability Acts,
<br />and the California Environment Quality Act, and the rules, regulations, and ordinances of the city within which the
<br />subject property is located, the California Department of Health Services, the Regional Water Quality Control
<br />Board, the State Water Resources Control Board, the Environmental Protection Agency, and all applicable federal,
<br />state, and local agencies and bureaus.
<br />18. Indemnity. Agency agrees to indemnify, defend and hold the City harmless from and against any claim,
<br />action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty, punitive damage, or expense
<br />(including, without limitation, attorneys' fees), resulting from, arising out of, or based upon (i) the presence,
<br />release, use, generation, discharge, storage, or disposal of any Hazardous Material on, under, in or about, or the
<br />transportation of any such materials to or from, the Property, or (ii) the violation, or alleged violation, of any
<br />statute, ordinance, order, rule, regulation, permit, judgment, or license relating to the use, generation, release,
<br />discharge, storage, disposal, or transportation of Hazardous Materials on, under, in, or about, to or from, the
<br />Property. This indemnity shall include, without limitation, any damage, liability, fine, penalty, punitive damage,
<br />cost, or expense arising from or out of any claim, action, suit or proceeding for personal injury (including sickness,
<br />disease, or death, tangible or intangible property damage, compensation for lost wages, business income, profits or
<br />other economic loss, damage to the natural resource or the environment, nuisance, pollution, contamination, leak,
<br />spill, release, or other adverse effect on the environment). This indemnity extends only to liability created prior to
<br />or up to the date this escrow shall close. Agency shall not be responsible for acts or omissions to act post close of
<br />this escrow.
<br />19. Contin ency. It is understood and agreed between the parties hereto that the completion of this transaction,
<br />and the escrow created hereby, is contingent upon the specific acceptance and approval of the City herein. The
<br />execution of these documents and the delivery of same to Escrow Agent constitutes said acceptance and approval.
<br />20. Modification and Amendment. This Agreement may not be modified or amended except in writing signed
<br />by the Agency and City.
<br />21. Partial Invalidity. Any provision of this Agreement that is unenforceable or invalid or the conclusion of
<br />which would adversely affect the validity, legality, or enforcement of this Agreement shall have no effect, but all
<br />the remaining provisions of this Agreement shall remain in full force.
<br />22. Ca tions. Captions and headings in this Agreement, including the title of this Agreement, are for
<br />convenience only and are not to be considered in construing this Agreement.
<br />23. Governin Law. This Agreement shall be governed by and construed in accordance with the laws of the
<br />State of California.
<br />24. No Reliance By One Party On The Other Each party has received independent legal advice from its attorneys
<br />with respect to the divisibility of executing this Agreement and the meaning of the provisions hereof. The provisions
<br />of this Agreement shall be construed as to their fair meaning, and not for or against any party based upon any
<br />attribution to such party as the source of the language in question.
<br />4
<br />
|