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11. Authorization. Each person executing this Agreement is authorized to do <br />so on behalf of the party for which that execution occurs. <br />12. Successors and Assigns. This Agreement shall be binding upon and shall <br />inure to the benefit of and be enforceable by the parties hereto and their respective successors <br />and assigns; provided, however, that Escrow Agent may not delegate its duties hereunder <br />without the prior written consent of the parties. This Agreement is made solely by the signatory <br />parties and no other person (except successors and assigns) shall have any right to rely on, <br />enforce or have the benefit of any provision of this Agreement. <br />13. Governing Law. This Agreement shall be construed and enforced in <br />accordance with the laws of the State of Minnesota. <br />14. Counterparts. This Agreement may be executed in any number of <br />counterparts, each of which shall be deemed to be an original, and all , taken together, <br />shall constituterone and the same instrument. <br />15. Definitions. All capitalized terms used in this Agreement shall have the <br />meanings assigned to them in the Master Development Agreement, unless otherwise defined <br />herein. <br />(fI <br />IN WITNESS WHEREOF, the parties hereto have executed and delivered this <br />Agreement as of the day and year first written above. <br />RAMSEY TOWN CENTER LLC <br />D.R. HORTON, INC.-MINNESOTA <br />By <br />Its � /V12 t <br />CITY OF RAMSEY <br />By <br />Its <br />By <br />Its <br />2435260v2 <br />1210868481,1820716 <br />