65A - SANTORA BUILDING AD HOC RPT

Home Browse Search

The Developer warrants that it neither has paid nor given, nor will pay or give, any third party any money or other consideration for obtaining this Agreement. [§602] Nonliability of Agency Officials and Employees. No member, official or employee of the Agency shall be personally liable to the Developer in the event of any default or breach by the Agency or for any amount which may become due to Developer or on any obligations under the terms of this Agreement. [§603] No Assignment. Developer expressly acknowledges and agrees that Agency has only agreed to assist the Developer as a means by which to induce the rehabilitation of the Property. Accordingly, Developer further expressly acknowledges and agrees that this Agreement is a personal right of Developer that is neither negotiable, transferable, nor assignable except as set fplj?? herein. Developer may assign some or all of its rights under the Agreement only with the prior written consent of the Executive Director of the Agency. tloT VN Rs. %,;*#- AbLj (-%,UhaLO [§604] Applicable Law. The laws of the State of California shall govern the interpretation and enforcement of this Agreement. [§605] Third Parties. This Agreement is made for the sole benefit of Developer and Agency and the Agency's successors and assigns, and no other person or persons shall have any rights or remedies under or by reason of this Agreement or any right to the exercise of any right or power of the Agency hereunder or arising from any default by Developer, nor shall the Agency owe any duty whatsoever to any claimant for labor performed or materials furnished in connection with the rehabilitation of the Site . [§606] Control of Property. The parties acknowledge that the Agency has at no time . participated in any manner in the management or operation of the Property, and will not so participate at any time hereafter. [§607] Notices, Demands and Communications. Formal notices, demands and communications between the Agency and Developer shall be sufficiently given if dispatched by registered or certified mail, postage prepaid,. return receipt requested, to the principal addresses of the Agency and Developer as provided in Section [105] of this Agreement. [§700] ENTIRE AGREEMENT, WAIVERS AND AMENDMENTS This Agreement is executed in two (2) duplicate originals each of which is deemed. to be an original. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto and supersedes all negotiations or previous agreements between the parties with respect to 65A-14