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25A - SETTLEMENT AGREEMENTS - BRISTOL STREET CORRIDOR
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05/17/2010
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25A - SETTLEMENT AGREEMENTS - BRISTOL STREET CORRIDOR
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1/3/2012 4:09:01 PM
Creation date
5/12/2010 1:06:03 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25A
Date
5/17/2010
Destruction Year
2015
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(b) In making this release, the Parties intend to and do release, acquit and dischazge <br /> the Released Parties, and each of them, from any liability of any nature <br /> whatsoever far any claim, injury, damages, or equitable or declaratory relief of <br /> any kind, whether the claim, or any facts on which such ciairn might be based, is <br /> known or unknown to the party possessing the claim. Each party expressly <br /> acknowledges and waives any and all rights under Section 1542 of the California <br /> Civil Code, which the Parties understand provides as follows: <br /> A general release does not extend to claims which the creditor does not know or• <br /> suspect to exist in his/her favor at the time of ea:ecartang the release, which if <br /> known by hirn/her must Dave materiall,7~ affected has/hej• settlement with the <br /> debtor. <br /> Each party acknowledges the foregoing waivez• of the provisions of California <br /> Civil Code Section 1542 was separately bargained for and expressly consents that <br /> this Agreement shall be given full force and effect in accordance with each and all <br /> of its expzess terms and provisions, including those terms and provisions relating <br /> to unknown or unsuspected claims, demands and causes of action, if any, to the <br /> same effect as those terms and provisions relating to any other claims, demands <br /> and causes of action herein above specified. <br /> (c} Each party acknowledges that it may hereafter discover facts or law different fiom <br /> or in addition to those which it now believes to be true with respect to the release <br /> of claims. Each party agrees that the foregoing release shall be and remain <br /> effective in all respects notwithstanding such different or additional facts or law <br /> or any party's discovery thereof. The Parties shall not be entitled to any relief in <br /> connection therewith, including, bu# not limited to, any damages or any right or• <br /> claim to set aside or rescind this Agreement. <br /> (d) None of the Parties or their respective agents nor any related entities have made <br /> any statement or presentation to the other regarding any fact relied upon in <br /> entering into this Agreement and the Parties, and each of them, expressly do not <br /> rely upon any statement, representation or promise of any other party or• nay <br /> party's agent or related entities in executing this Agreement, except as is <br /> expressly set forth herein. Each of the Parties has made such investigation of the <br /> facts and Iaw pertaining to the subject matter of this Agreement as it deems <br /> necessary, and has consulted with legal counsel of its own choosing concerning <br /> these matters. <br /> <br /> (e} Tenant hereby represents and warrants as of the Effective Date of this Agreement <br /> that (1} to its actual knowledge, no other entity or person has any tight, title, or <br /> interest whatsoever in the released claims, and (2) that there has been no <br /> assignment, transfer, conveyance or other disposition by Tenant of any of the <br /> released claims, and that Tenant will not make any such assignment, transfer, <br /> conveyance or other disposition subsequent to the Effective Date of this <br /> Agreement. Tenant acknowledges that the Authority has relied and is relying <br /> upon such representations and warranties in entering into this Agreement. <br /> • 3 of 7 <br /> 25A-17 <br /> <br />
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