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15 <br />that it has the requisite power, right, and legal authority to execute, deliver and perform its <br />respective obligations under this Agreement. <br />7.03 Future Actions. The parties acknowledge that the agreements of the City Bodies <br />under this Agreement are subject to future actions by such bodies, and by the bodies of the City, <br />and compliance with statutory procedures required by Laws, including public notice and public <br />hearing requirements. The City Bodies agree to use their best efforts to complete such statutory <br />procedures, and to coordinate with the governing bodies of the City to complete such statutory <br />procedures, and to take the final actions required to implement such agreements. Notwithstanding <br />anything contained herein, failure to timely complete such future statutory procedures shall not <br />result in any liability hereunder by the City Bodies to the Developer or any party related to the <br />Developer. <br />ARTICLE VIII. GENERAL PROVISIONS <br />8.01 Indemnity; No Joint Venture or Partnership. The Developer covenants and agrees <br />at its expense to pay and to indemnify and save the City Bodies, and their officers, agents, and <br />employees (the “Indemnitees”) harmless of, from and against, any and all Claims resulting directly <br />or indirectly from the Developer's (and/or any affiliate's thereof) Project activities with respect to <br />work performed on the Project Site unless such claims, damages, demands, expenses or liabilities <br />arise by reason of the negligent act or omission of the City Bodies, or other Indemnitees. To the <br />extent permitted by law, the City Bodies shall indemnify and hold harmless the Developer from <br />and against any and all Claims, to the extent arising from or connected with the negligence or willful <br />misconduct of the City Bodies or any party acting by, under, through, or on behalf of any of the <br />City Bodies in connection with any inspection pursuant to Section 4.06. Nothing contained in this <br />Agreement, nor any act of the City Bodies or the Developer, or of any other person, shall be deemed <br />or construed by any person to create any relationship of third-party beneficiary, employer and <br />employee, principal, and agent, limited or general partners or joint ventures. The Developer is and <br />will remain an “independent contractor” with respect to performance under this Agreement. <br />8.02 Time of Essence. Time is of the essence for this Agreement. The parties shall <br />make every reasonable effort to expedite the subject matters hereof (subject to any time limitations <br />described herein) and acknowledge that the successful performance of this Agreement requires their <br />continued cooperation. <br />8.03 Conflict of Interest; No Individual Liability. No member, official, or employee of <br />the City Bodies shall have any personal interest, direct or indirect, in this Agreement, nor shall any <br />such member, official, or employee participate in any decision relating to this Agreement which <br />affects their personal interests or the interests of any corporation, partnership, or association in <br />which they, directly or indirectly, are interested. No member, official, or employee of the City <br />Bodies shall be personally liable to the Developer or any successor in interest, in the event of any <br />default or breach by the Commission or for any amount which may become due to the Developer <br />or any successor in interest or on any obligations under the terms of the Agreement. No partner, <br />employee or agent of Developer or successors of them shall be personally liable to the City Bodies <br />under this Agreement.