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25L - AGMT - BRISTOL ST IMPROVEMENTS 4
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25L - AGMT - BRISTOL ST IMPROVEMENTS 4
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4/28/2016 3:19:20 PM
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4/28/2016 3:11:04 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25L
Date
5/3/2016
Destruction Year
2021
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20. Contingency. It is understood and agreed between the parties hereto that the completion of <br />this transaction, and the escrow created hereby, is contingent upon the specific acceptance and <br />approval of the City herein. The execution of these documents and the delivery of same to Escrow <br />Agent constitute said acceptance and approval. <br />21. Modification and Amendment. This PSA may not be modified or amended except in <br />writing signed by the Seller and City. <br />22. Partial Invalidity. Any provision of this PSA that is unenforceable or invalid or the <br />conclusion of which would adversely affect the validity, legality, or enforcement of this PSA shall <br />have no effect, but all the remaining provisions of this PSA shall remain in full force. <br />23. Captions. Captions and headings in this PSA, including the title of this PSA, are for <br />convenience only and are not to be considered in construing this PSA. <br />24. Governing Law. This PSA shall be governed by and construed in accordance with the laws <br />of the State of California. <br />25. No Reliance By One Party On The Other. <br />from its attorneys with respect to the advisability <br />provisions hereof. The provisions of this PSA shall <br />or against any party based upon any attribution <br />question. <br />Each party has received independent legal advice <br />of executing this PSA and the meaning of the <br />be construed as to their fair meaning, and not for <br />o such party as the source of the language in <br />26. No Third Party Beneficiary. This PSA is intended to benefit only the Parties hereto and no <br />other person or entity has or shall acquire any rights hereunder. <br />27. Duty To Cooperate Further. Each party hereby agrees that it shall, upon request of the other, <br />execute and deliver such further documents (in form and substance reasonably acceptable to the party <br />to be charged) and do such other acts and things as are reasonably necessary and appropriate to <br />effectuate the terms and conditions of this PSA, without cost. <br />28. Applicability of Agreement To Assignees. This PSA shall be binding upon and shall Inure to <br />the benefit of the successors and assigns of the Parties to this PSA. <br />29. Authority to Execute Agreement. Each undersigned represents and warrants that its <br />signature herein below has the power, authority and right to bind their respective parties to each of the <br />terms of this PSA, and shall indemnify City fully, including reasonable costs and attorney's fees, for <br />any injuries or damages to City in the event that such authority or power is not, In fact, held by the <br />signatory or is withdrawn. <br />30, Incorporation of Exhibits. All Exhibits referenced herein and attached hereto shall be <br />incorporated as if fully set forth in the body of this PSA. <br />25L-26 <br />
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