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5A2 Option to Purchase Agreement & Memorandum of Option (NDIC) - Signed
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5A2 Option to Purchase Agreement & Memorandum of Option (NDIC) - Signed
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8/14/2025 11:05:56 AM
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8/14/2025 11:05:47 AM
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Dept of Community Investment
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4 <br />If to NDIC: <br />New Day Intake Center, Inc. <br />PO Box 11162 <br />South Bend, IN 46634 <br />Attn: Sheila McCarthy <br />With a copy to: <br />Sopko, Nussbaum, Inabnit & Kaczmarek <br />Attn: Richard A. Nussbaum II <br />210 S. Michigan St <br />Suite 500 <br />12.Severability. If any term, provision, covenant or restriction contained in this Option <br />Agreement that is intended to be binding and enforceable is held by a court of competent <br />jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants <br />and restrictions contained in this agreement shall remain in full force and effect and shall in no <br />way be affected, impaired or invalidated. <br />13.Waiver. Neither the failure nor any delay on the part of a Party to exercise any right, <br />remedy, power, or privilege under this Option Agreement shall operate as a waiver thereof, nor <br />shall any single or partial exercise of any right, remedy, power, or privilege preclude any other or <br />further exercise of the same or of any right, remedy, power, or privilege with respect to any <br />occurrence shall be construed as a waiver of any such right, remedy, power, or privilege with <br />respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed <br />by the party asserted to have granted such waiver. Notwithstanding the foregoing, each Party <br />irrevocably waives any present or future objection to the exercise of the Option triggered by a <br />default under the Development Agreement (as defined in Section 1). This specific waiver shall <br />survive termination of this Option Agreement and be enforceable independently of the general <br />waiver provisions above. <br />14.Authority; Legal Representation. Each undersigned person executing and delivering <br />this Option Agreement on behalf of a Party represents and certifies that he or she is the duly <br />authorized officer or representative of such Party, that he or she has been fully empowered to <br />execute and deliver this Option Agreement on behalf of such Party, and that all necessary action <br />to execute and deliver this Option Agreement has been taken by such Party. Each Party <br />acknowledges it has had the opportunity to consult with independent legal counsel of its choice <br />regarding the terms and conditions of this Option Agreement prior to its execution. <br />15.Time. Time is of the essence of this Agreement. <br />16.Entire Agreement. The Parties acknowledge that upon final execution of this Option <br />Agreement, all previous statements, proposals, offers and information and any oral statements or
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