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THOMAS M. HEWKO D.C. - 2017
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THOMAS M. HEWKO D.C. - 2017
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Last modified
10/25/2017 9:57:00 AM
Creation date
10/25/2017 9:51:28 AM
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Contracts
Company Name
THOMAS M. HEWKO D.C.
Contract #
A-2017-255
Agency
PUBLIC WORKS
Council Approval Date
9/19/2017
Destruction Year
0
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Tenant -Seller acknowledges that it and any others acting on its behalf herein may <br />have sustained damage, loss, cost, or expenses that are presently unknown and unsuspected and <br />which may give rise to additional damages, loss, costs, or expenses in the future. Nevertheless, <br />Tenant -Seller acknowledges that this Agreement has been negotiated and agreed upon in light of <br />that situation and hereby expressly waives any and all rights which it or others acting on its behalf <br />may have under California Civil Code §1542, or under any statute or common law or equitable <br />principle of similar effect. <br />Tenant -Seller: <br />14. CONTINGENCY. Transaction is subject to and contingent upon receipt by Buyer of <br />the duly executed Quitclaim Deed from Tenant -Seller with respect to the Tenancy Interest and the <br />Improvements. This transaction is further subject to and contingent upon approval and acceptance <br />by Buyer. <br />15. AGREEMENT TO EXECUTE. Tenant -Seller and Buyer agree to execute and file <br />any additional agreements, consents or other documents reasonably necessary to effect the full and <br />complete settlement and purchase of the Improvements and the Tenancy Interest. <br />16. AUTHORIZATION TO EXECUTE. Tenant -Seller and Buyer represent and warrant <br />that the persons executing this Agreement are duly authorized to do so and to act on behalf of <br />Tenant -Seller and Buyer respectively. <br />17. COMPROMISE IN SETTLEMENT. This Agreement is a compromise in settlement <br />of pending or potential litigation between Tenant -Seller and Buyer and shall never be treated as an <br />admission by Buyer for any purpose of liability or as to value of any property or claim. <br />18. SURVIVAL OF RIGHTS AND OBLIGATIONS. Notwithstanding the releases <br />contained herein and agreement concerning this transaction, all the rights and obligations created <br />Linder and pursuant to this Agreement shall survive the execution of the Agreement, the releases <br />contained herein and the Closing of this transaction. <br />19. WARRANTIES, REPRESENTATIONS AND COVENANTS OF TENANT - <br />SELLER. Tenant -Seller hereby warrants, represents, and/or covenants to Buyer that: <br />A. To the best of Tenant -Seller's knowledge, there are no actions, suits, material <br />claims, legal proceedings, or any other proceedings affecting the Improvements, the Tenancy <br />Interest or any portion thereof, at law or in equity, before any court or governmental agency. <br />B. Until the Closing, Tenant -Seller shall maintain the Improvements and the <br />Premises in good condition and state of repair and maintenance, and shall perform all of its <br />obligations trader any service contracts or other contracts affecting the Improvements and the <br />Premises. <br />C. Until the Closing, Tenant -Seller shall not do anything which would impair <br />Tenant -Seller's title to the Premises, the Improvements or the Tenancy Interest. <br />4 <br />
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