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Agenda - Council - 04/25/2017
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Agenda - Council - 04/25/2017
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3/17/2025 3:32:02 PM
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4/25/2017 2:48:22 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/25/2017
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15.1 Construction.This Agreement shall not be construed more strictly against one party <br /> than against the other, merely by virtue of the fact that it may have been prepared <br /> primarily by counsel for one of the parties, it being recognized that both Buyer and <br /> Seller have contributed substantially and materially to the preparation of this <br /> Agreement. <br /> 15.2 Headinp-s. The headings preceding the text of the paragraphs and subparagraphs <br /> hereof are inserted solely for convenience of reference and shall not constitute a <br /> part of this Agreement, nor shall they affect its meaning, construction or effect. <br /> 15.3 Further Acts.Each party hereto agrees to do such further acts and execute, deliver, <br /> file and record such further documents and instruments as may be reasonably <br /> necessary to effectuate, evidence, and record the transactions contemplated by this <br /> Agreement. <br /> 15.4 Severability. The invalidity or unenforceability of any term or terms of this <br /> Agreement shall not invalidate, make unenforceable or otherwise affect any other <br /> term of this Agreement, and this Agreement shall be construed in all respects as if <br /> such invalid or unenforceable provision were omitted, and in such event, the <br /> remaining terms of this Agreement shall remain in full force and effect. <br /> 15.5 Governing Law; Parties in Interest. This Agreement shall be governed by and be <br /> construed in accordance with the laws of the State. <br /> 15.6 Computation of Time.In computing any period of time pursuant to this Agreement, <br /> the day of the act or event from which the designated period of time begins to run <br /> will not be included.The last day of the period so computed will be included,unless <br /> it is a Saturday, Sunday or legal holiday, in which event the period runs until the <br /> end of the next day which is not a Saturday, Sunday or such legal holiday. <br /> 15.7 Time of the Essence. All times, wherever specified herein for the performance by <br /> Seller or Buyer of their respective obligations hereunder, are of the essence of this <br /> Agreement. <br /> 15.8 Assignment. Neither party shall be entitled to assign or convey any interest in this <br /> Agreement to any third party, without first obtaining the prior written consent of <br /> the other party.Notwithstanding the foregoing, Buyer shall have the right to assign <br /> its interest in this Agreement to an entity affiliated with, or controlled by Buyer, <br /> without the consent of Seller; provided, however, that Buyer shall provide Seller <br /> with a copy of any such assignment promptly after it has been executed. The <br /> parties' rights and obligations under tills Agreement shall inure to the benefit of <br /> and shall be binding on successors and assigns. <br /> 15.9 Notices. All notices and other communications in respect to this Agreement shall <br /> be deemed to have been duly given, if in writing and delivered personally or if <br /> mailed in a sealed wrapper by United Sates registered or certified mail, return <br /> receipt requested, postage prepaid, or via facsimile, properly addressed to the <br /> parties as provided in Exhibit A attached hereto. <br /> US.106153450.02 <br />
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