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2009 Resolutions
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2009 Resolutions
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2009 Resolutions
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<br />" <br /> <br />the termination of this Agreement and Closing. Any dispute arising under this contract shall be <br />submitted to mediation by a mediator affiliated with the McCammon Mediation Group who shall <br />be reasonably acceptable to both parties. No legal action of any type may be instituted by either <br />party without first proceeding through mediation, unless the legal action is based on an emergency <br />requiring prompt equitable relief. <br /> <br />13.8 Merger. All prior statements, understandings, letters of intent, representations and <br />agreements between the parties, oral or written, are superseded by and merged in this Agreement, <br />which alone fully and completely expresses the agreement between Seller and the City in <br />connection with this transaction and which is entered into after full investigation, neither party <br />relying upon any statement, understanding, representation or agreement made by the other not <br />embodied in this Agreement. Except as otherwise expressly provided herein, all of Seller's <br />representations, warranties, covenants and agreements herein shall merge in the documents and <br />agreements executed at the Closing and shall not survive the Closing. <br /> <br />13.9 Assignment. This Agreement may not be assigned by either party without the prior <br />written consent ofthe other party. <br /> <br />13.10 Counterparts; Facsimile Signatures. This Agreement may be executed in one or <br />more counterparts each of which shall be deemed an original but all of which shall constitute one <br />and the same Agreement. This Agreement and any counterpart hereof may be delivered by <br />facsimile transmission. <br /> <br />13.11 Broker. The City and Seller represent and warrant to each other that it has not <br />employed any broker, finder or similar agent in connection with the transactions contemplated by <br />this Agreement, or taken action that would give rise to a valid claim against any party for a <br />brokerage commission, finder's fee or similar compensation. Each party hereto agrees to <br />indemnify, defend and hold the other harmless from and against any and all claims, causes of <br />action, losses, costs, expenses, damages or liabilities, including reasonable attorneys' fees and <br />disbursements, which the other may sustain, incur or be exposed to, by reason of any claim or <br />claims by any broker, finder or other person for fees, commissions or other compensation arising <br />out ofthe transactions contemplated in this Agreement if such claim or claims are based in whole <br />or in part on dealings, discussions or agreements with the indemnifying party. The obligations and <br />representations contained in this Section shall survive the termination of this Agreement and <br />Closing. <br /> <br />13.12 No Third Party Beneficiaries. Notwithstanding anything to the contrary herein, this <br />Agreement shall not create any rights benefiting third parties, and there are and shall be no third <br />party beneficiaries with respect hereto. <br /> <br />13.13 Time of Essence. Time shall be deemed of the essence with respect to <br />consummating the transactions contemplated under this Agreement on the Closing Date and with <br />respect to all other obligations of the City and Seller hereunder. <br /> <br />-25- <br /> <br />Draft #4.1 <br />
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