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_Redevelopment Commission Agenda & Packet 10.10.24
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_Redevelopment Commission Agenda & Packet 10.10.24
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6 <br />The Parties acknowledge that Sellers are represented by Irish Realty in connection with the <br />transaction contemplated in this Agreement. Buyer is not represented by any broker. <br />Buyer and Seller agree to indemnify and hold one another harmless from any claim for <br />commissions, other than that owned to Irish Realty, which will be paid by Sellers, in <br />connection with the transaction contemplated in this Agreement. <br />12.INTERPRETATION; APPLICABLE LAW; JURISDICTION <br />Both Parties having participated fully and equally in the negotiation and preparation of this <br />Agreement, this Agreement shall not be more strictly construed, nor shall any ambiguities <br />be presumptively resolved, against either Party. This Agreement shall be interpreted and <br />enforced according to the laws of the State of Indiana. Any action to enforce the terms or <br />conditions of this Agreement or otherwise concerning a dispute under this Agreement will <br />be commenced in the courts of St. Joseph County, Indiana. <br />13.NOTICES <br />All notices required or allowed by this Agreement, before or after Closing, shall be <br />delivered in person or by certified mail, return receipt requested, postage prepaid, <br />addressed to Sellers in care of Sellers’ Representative, or to Buyer in care of Buyer’s <br />Representative (with a copy to South Bend Legal Department, 1200 S. County-City <br />Building, 227 W. Jefferson Blvd., South Bend, IN 46601, Attn: Corporation Counsel) at <br />the respective addresses stated in Section 1 above. Either Party may, by written notice, <br />modify the address for future notices to such Party. <br />14.REMEDIES <br />Upon any default in or breach of this Agreement by either Party, the defaulting Party will <br />proceed immediately to cure or remedy such default within thirty (30) days after receipt of <br />written notice of such default or breach from the non-defaulting Party, or, if the nature of <br />the default or breach is such that it cannot be cured within thirty (30) days, the defaulting <br />Party will diligently pursue and prosecute to completion an appropriate cure within a <br />reasonable time. In the event of a default or breach that remains uncured for longer than <br />the period stated in the foregoing sentence, the non-defaulting Party may terminate this <br />Agreement, commence legal proceedings, including an action for specific performance, or <br />pursue any other remedy available at law or in equity. All the Parties’ respective rights <br />and remedies concerning this Agreement and the Property are cumulative. <br />15.DISPUTE RESOLUTION; WAIVER OF JURY TRIAL <br />Any action to enforce the terms or conditions of this Agreement or otherwise concerning a <br />dispute under this Agreement will be commenced in the courts of St. Joseph County, <br />Indiana, unless the Parties mutually agree to an alternative method of dispute resolution. <br />The Parties acknowledge that disputes arising under this Agreement are likely complex <br />and they desire to streamline and minimize the cost of resolving such disputes. In any legal <br />Docusign Envelope ID: D62ECB79-50C8-4137-8DF6-C82F0F5007CD
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