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04/05/11 Work Session
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04/05/11 Work Session
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7/18/2025 10:59:29 AM
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4/1/2011 12:43:18 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority - Work Session
Document Date
04/05/2011
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2650680v4 <br />09/13/10 <br />c. Counterparts. This Agreement may be executed in several original <br />counterparts, each of which and all together will constitute this Agreement in its entirety. <br />A counterpart of this Agreement or any amendment thereto executed by a party and <br />delivered to the other party via telecopier will be construed as a legally binding signature. <br />Without delay, the sending party should deliver an original, signed counterpart to the <br />other party. <br />d. Headings. The headings contained in this Agreement are for reference <br />purposes only and do not in any way affect the meaning or interpretation hereof. <br />e. Exhibits. Incorporated into this Agreement by reference, as described <br />above, are Exhibit A (Preliminary Plat); Exhibit B (Platting Fees) Exhibit C (Escrow <br />Agreement); Exhibit D (Description of the Improvements); Exhibit E (Existing <br />Encumbrances). <br />f. Dates. Time is of the essence with respect to this Agreement. If the final <br />day of a period or date of performance under this Agreement falls on a Saturday, Sunday <br />or legal holiday, then the final day of the period or the date of performance will be <br />deemed to fall on the next day that is not a Saturday, Sunday or legal holiday. <br />g. Enforceability. If any provision of this Agreement is adjudged to be <br />invalid or unenforceable by a court of competent jurisdiction, this Agreement should be <br />construed as if such invalid or unenforceable provision had not been inserted herein and <br />should not affect the validity or enforceability of the remainder of this Agreement. <br />h. No Third Party Beneficiaries. Nothing in this Agreement, expressed or <br />implied, is intended to confer any rights or remedies under or by reason of this <br />Agreement on any person other than the parties to it and their respective permitted <br />successors and assigns. Furthermore, nothing in this Agreement is intended to relieve or <br />discharge any obligation of any third person to any party hereto or give any third person <br />any right of subrogation or action over or against any party to this Agreement. <br />i. No Partnership. Nothing contained herein and no act by Buyer or Seller in <br />the performances of, or in any way related to, this Agreement should be construed to <br />create or evidence in any manner any employment, partnership, agency or joint venture <br />relationship between the parties hereto. Buyer and Seller represent and acknowledge that <br />it is their mutual intention that the sole relationship created between them by this <br />Agreement is that of vendor and purchaser. <br />J. Construction. All of the parties to this Agreement have participated freely <br />in the negotiations and preparation hereof. Accordingly, this Agreement should not be <br />construed more strictly against any one of the parties. <br />k. Waiver. Failure of either Buyer or Seller to exercise any right given <br />hereunder or to insist upon strict compliance with regard to any term, condition or <br />covenant specified herein, will not constitute a waiver of Buyer's or Seller's right to <br />exercise such right or to demand strict compliance with any term, condition or covenant <br />under this Agreement. <br />-18- <br />
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