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Assignment of Indemnity Rights COSB 051426 BPW
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Assignment of Indemnity Rights COSB 051426 BPW
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5/18/2026 9:53:43 AM
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Board of Public Works
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Projects
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5/18/2026
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ASSIGNMENT OF INDEMNITY RIGHTS PAGE 2 <br />DMS 51606605.3 <br />costs (except to enforce the Oliver Park Indemnification), prohibiting the use, generation, processing, <br />treatment or storage of hazardous substances at the Oliver Park Site unless in material compliance with <br />applicable environmental laws, and prohibiting the disposal of hazardous substances into on the Oliver Park <br />Site. From and after the Effective Date, Assignee shall be solely responsible, as between Assignor and <br />Assignee, for compliance with the covenants and obligations applicable to the indemnitee under the Oliver <br />Park Site Indemnification with respect to the Oliver Park Site, without limiting Assignor’s continuing <br />indemnification obligations to the Public Entities under Section 3 herein. <br />3. Assignor’s Indemnification of the Public Entities. Assignor shall and does hereby <br />indemnify the Public Entities and agrees to hold the Public Entities harmless of and from all liabilities, <br />obligations, actions, suits, proceedings, or claims, and all costs and expenses, including, but not limited to, <br />reasonable attorneys’ fees, arising out of or pertaining to Assignor’s use of the Oliver Park Site during its <br />ownership thereof, including, but not limited to, any changes in the environmental condition of the Oliver <br />Park Site occurring as a result of or in connection with Assignor’s use, ownership, or control of the Oliver <br />Park Site. <br />4. No Waiver; No Release; No Expansion of Obligations. Nothing in this Assignment shall <br />be deemed to (i) release, waive, or diminish any rights, defenses, or protections of the Public Entities under <br />the Original Agreement, the New Agreement, or applicable law, (ii) expand the scope or duration of any <br />obligation of the Public Entities, or (iii) create any obligation on the part of the Public Entities not expressly <br />set forth in the Original Agreement. <br />5. Recitals; Definitions; Counterparts. As amended hereby, the Agreement remains in full <br />force and effect. The recitals set forth above are acknowledged by the parties to be true and correct and <br />such recitals are incorporated herein by this reference. All capitalized terms used herein which are not <br />defined herein shall have the same meanings ascribed to them in the Original Agreement, the New <br />Agreement and this Assignment, as applicable. This First Amendment may be executed in identical <br />counterparts and by the exchange of .PDF, DocuSign or e-mailed signatures. <br />IN WITNESS WHEREOF, the parties have executed this Assignment of Indemnity Rights as of the <br />Effective Date. <br />Assignor: <br />UPV Land, LLC, an Indiana limited liability <br />company <br />By: <br /> (Signature) <br /> Donald E. Nuner <br /> (Printed Name) <br />Its: Member <br /> (Title) <br /> <br /> <br /> <br />
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