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6A(2)
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09-25-14 Redevelopment Commission Meeting
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6A(2)
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Agreement will not violate any agreement, instrument, order,judgment, decree, permit, approval, <br /> license, law, regulation or ordinance to which Grantor is a party or by which Grantor or its assets <br /> or the Grantor Property is bound or which otherwise affect the Grantor Property. Grantor shall <br /> indemnify, defend and hold Grantee and its successors and assigns harmless from and against <br /> any and all claims, damages, liabilities, losses, costs and expenses, including, without limitation, <br /> reasonable attorneys' fees and any consequential damages, arising from a breach of the <br /> representations, warranties, guarantees or covenants of Grantor contained in this Agreement. <br /> Section 19. Authority. The undersigned person executing this Agreement on behalf of <br /> Grantor represents and certifies that he has been fully empowered to execute and deliver this <br /> Agreement; that Grantor has full capacity to convey the easements and the rights herein; and all <br /> necessary action for the making of such conveyance has been taken and done. The undersigned <br /> person executing this Agreement on behalf of Grantee represents and certifies that he has been <br /> fully empowered to execute and deliver this Agreement; and that Grantee has full capacity to <br /> convey the easements and the rights herein; and all necessary action for the making of such <br /> conveyance has been taken and done. <br /> Section 20. Amendment. No amendments, modifications or revisions shall be made to <br /> this Agreement without the prior written consent of both Grantor and Grantee, and without the <br /> prior written consent of The South Bend Redevelopment Commission (the "City") for so long as <br /> the City holds a purchase option with respect to the Grantor Property pursuant to that certain <br /> Option Agreement dated September , 2014, by and between Grantor and the City. <br /> Section 21. Termination. Grantee may terminate this Agreement and all rights of <br /> Grantee hereunder upon thirty(30) days written notice. <br /> Section 22. Recitals. The recitals set forth above and the exhibits attached hereto are <br /> hereby incorporated herein. <br /> Section 23. No Waiver. No waiver of any default of any obligation by any party will <br /> be implied from the failure of the other party to take any action with respect to a default. <br /> Section 24. No Agency. Nothing in this Agreement will be deemed or construed by <br /> either party or by any third person to create the relationship of principal and agent or of limited <br /> or general partners or of joint ventures or of any other association between the parties or between <br /> any party or third party. <br /> Section 25. Grantee's Acceptance. The grantee of either the Grantor Property or the <br /> Grantee Property or any portion thereof, by acceptance of a deed conveying title to such property <br /> or acceptance of a lease for such property, whether from an original party or from a subsequent <br /> owner, will accept the deed or lease subject to this Agreement. By acceptance, such grantee and <br /> its successors and assigns agree to assume the burdens and obligations of this Agreement and <br /> comply with the terms of this Agreement. <br /> Section 26. Parking Garage. Notwithstanding the foregoing, Grantor, or its successors <br /> and/or assigns, shall have the right to develop a multi-story parking garage on the Grantor <br /> Property at its sole cost and expense (the "Garage"). In the event Grantor, or its successors <br /> and/or assigns, does construct the Garage, Grantor, or its successors and/or assigns, shall (i)upon <br /> {20142245.DOC} - 5 - <br />
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