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25D - AGMT - BRISTOL PHASE 4
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25D - AGMT - BRISTOL PHASE 4
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Last modified
9/1/2016 3:10:14 PM
Creation date
9/1/2016 3:07:32 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25D
Date
9/6/2016
Destruction Year
2021
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This indemnity extends only to liability created prior to or up to the date this escrow shall close. Seller <br />shall not be responsible for acts or omissions to act post close of this escrow, <br />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 slid <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 Amann, drpent. This PSA may not be modified or amended except in writing <br />signed by the Seller and City. <br />22. Partial Invalidity. Any provision of this PSA that is unenforceable or invalid or the conclusion <br />of which would adversely affect the validity, legality, or enforcement of this PSA shall have no effect, <br />but all the remaining provisions of this PSA shall remain in full force. <br />23. Ca tip ons, 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 />26. No Reliance By One Party On The Other. Each party has received independent legal advice <br />from its attorneys with respect to the advisability of executing this PSA and the meaning of the <br />provisions hereof. The provisions of this PSA shall be construed as to their fair meaning, and not for or <br />against any party based upon any attribution to such party as the source of the language in question <br />26. No Third Party SjU2fi!2M, 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, putt To Cnnpee�tg 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. Applicabillty of Agreement Ta Asslgnaes, This PSA shall be binding upon and shall Inure to <br />the beneft of the successors and assigns of the Parties to this PSA. <br />29. Authority to Executa 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 each party agrees to indemnify each other fully, including reasonable costs and <br />attorney's fees, for any injuries or damages to the other party in the event that such authority or power is <br />not, In fact, held by the 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 />IN WITNESS WHEREOF, the Parties hereto have executed this PSA on the date and year first <br />written above. <br />SELLER: 2115 Bristol Trust, Lan Le as Trustee <br />wJ _ Coate: 2018 <br />Lan L.r as Trust .66 Mtol'rfusf <br />25D -10 <br />
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