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RIF40, LLC
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Last modified
11/7/2022 12:09:16 PM
Creation date
11/7/2022 12:08:10 PM
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Contracts
Company Name
RIF40, LLC
Contract #
A-2022-215
Agency
Public Works
Council Approval Date
11/1/2022
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penalty, punitive damage, cost, or expense arising from or out of any claim, action, suit or proceeding for <br />personal injury (including sickness, disease, or death, tangible or intangible property darnage, <br />compensation for lost wages, business income, profits or other economic loss, damage to the natural <br />resource or the environment, nuisance, pollution, contamination, leak, spill, release, or other adverse effect <br />on the environment), This indemnity extends only to liability created prior to or Lip to the date this escrow shall <br />close Seller shall not be responsible for acts or omissions to act post close of this escrow. <br />20. Continctencv. It is understood and agreed between the parties hereto that the completion of this <br />transaction, and the escrow created hereby, is contingent upon the specific acceptance and approval of the <br />City herein. The execution of this PSA and the delivery of same to Escrow Agent constitute said acceptance <br />and approval <br />21. Modification and Amendment. This PSA may not be modified or amended except in writing signed <br />by the Seller and City. <br />22. Partial Invalidity Any provision of this PSA that is unenforceable or invalid or the conclusion of <br />which would adversely affect the validity, legality, or enforcement of this PSA shall have no effect, but all the <br />remaining provisions of this PSA shall remain in full force, <br />23. gaptitgn . Captions and headings in this PSA, including the title of this PSA, are for convenience <br />only and are not to be considered in construing this PSA. <br />24, Governin Law. This PSA shall be governed by and construed in accordance with the laws of the <br />State of California. <br />26, No Reliance Fay One Party On The Other, Each party has received independent legal advice frorn its <br />attorneys with respect to the advisability of executing this PSA and the meaning of the provisions hereof. The <br />provisions of this PSA shall be construed as to their fair meaning, and not for or against any party based upon <br />any attribution to such party as the source of the language in question. <br />26. No Third Party Beneficiary. This PSA is intended to benefit only the Parties hereto and no other person <br />or entity has or shall acquire any rights hereunder. <br />27. Du To Congorate Further. Each party hereby agrees that it shall, upon request of the other, execute <br />and deliver such further documents (in form and substance reasonably acceptable to the party to be charged) <br />and do such other acts and things as are reasonably necessary and appropriate to effectuate the terms and <br />conditions of this PSA, without cost. <br />28. Applicability of Agreement To Assipnees, This PSA shall be binding upon and shall inure to the <br />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 signature herein <br />below has the power, authority and right to bind their respective parties to each of the terms of this PSA, and <br />shall indemnify City fully, including reasonable costs and attorney's fees, for any injuries or damages to City in <br />the event that such authority or power is not, in fact, held by the signatory or is withdrawn. <br />30. Incorporation of Exhibits. All Exhibits referenced herein and attached hereto shall be incorporated as if <br />fully set forth in the body of this PSA. <br />
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