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SOUTHERN CALIFORNIA EDISON (7)
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Last modified
3/14/2017 2:25:39 PM
Creation date
6/6/2012 11:14:50 AM
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Contracts
Company Name
SOUTHERN CALIFORNIA EDISON
Contract #
A-2011-203
Agency
PUBLIC WORKS
Council Approval Date
8/24/2011
Destruction Year
0
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PSAP -10- 004891 <br />SA# 3- 027 - 9664 -57 <br />Confession of Judgment: Customer irrevocably authorizes and empowers SCE and SCE's <br />attorneys, upon breach and default by Customer as described in the preceding section, to appear in <br />any state or federal court in Los Angeles County, California, as Customer's attomey -in -fact and <br />confess judgment against Customer by entry of a confession of judgment pursuant to Code of Civil <br />Procedure § 1132 et. seq., or by any other appropriate means, for the full amount due plus all costs of <br />collection, including without limitation court costs and reasonable attorneys' fees. No single exercise of <br />the foregoing power to confess judgment will be deemed to exhaust the power, whether or not any <br />such exercise shall be held by any court to be invalid, voidable, or void; but the power will continue <br />undiminished and may be exercised from time to time as SCE may elect until all amounts owing under <br />this OBF Agreement have been paid in full. <br />Modification: Any change to this OBF Agreement must be in writing and signed by Customer and <br />SCE; except that during any given month, if Customer is unable to make full payment on the Loan <br />Obligation, payment arrangements may be made at SCE's sole discretion without modifying this OBF <br />Agreement in writing. Any written modification or amendment will not be effective unless and until <br />signed by SCE or such condition is waived by SCE in its sole and absolute discretion. <br />Term and Termination: It is the Parties intent that the term of this OBF Agreement and the EMS <br />Agreement run concurrently. Therefore, the OBF Agreement shall continue into effect until the Loan <br />Obligation is paid in full. <br />Assignment: Notwithstanding anything to the contrary in the Agreement, Customer may not assign its <br />rights or delegate its duties under the Agreement. <br />Additional Representations: Each person signing this OBF Agreement represents and warrants that <br />he or she is duly authorized and has the legal capacity to execute and deliver this OBF Agreement on <br />behalf of Customer, and to perform their obligations under this OBF Agreement. Customer further <br />represents and warrants that if it is a legal entity, it is in good standing in its state of formation. <br />Miscellaneous: Except as otherwise specifically provided herein, all terms, provisions, covenants, <br />representations, warranties, agreements and conditions of the EMS Agreement shall remain <br />unchanged and in full force and effect. Should a conflict exist between this OBF Agreement, the EMS <br />Agreement and the documents incorporated by reference, this OBF Agreement shall control. This OBF <br />Agreement shall be construed and interpreted in accordance with, and shall be governed and enforced <br />in all respects according to, the laws of the State of California. This OBF Agreement may be executed <br />in one or more counterparts, each of which shall be deemed an original but all of which shall constitute <br />one and the same instrument. If any one or more of the provisions contained in this OBF Agreement <br />shall for any reason be held to be invalid, illegal or unenforceable in any respect, then this OBF <br />Agreement shall be construed as if such invalid, illegal or unenforceable term or provision had never <br />been contained herein and all other provisions of this OBF Agreement shall be construed to remain <br />fully valid, enforceable and binding on the parties. The Recitals set forth above are hereby <br />incorporated herein by reference. <br />[Remainder of page intentionally left blank] <br />Southern California Edison Form# 14 -791 6/2010 <br />
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