CCP 05-27-2008 - Laserfiche WebLink

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• similar materials on the Butcher's Spur from and after the date of this Agreement. City agrees that MT or its assigns (including Operator) may, from and after the date of this Agreement, relocate such materials from the Butcher's Spur to the Exchange Property after the date of this Agreement. E. REMOVAL OF PROPERTY. MT agrees to remove from Butcher's Spur and City agrees to remove from Exchange Parcel all debris and personal property not included in this sale prior to closing. 11. No encumbrances. MT agrees not to place any liens or encumbrances on the Butcher's Spur or to modify any existing lease or agreement relating thereto after the date of this Agreement. City agrees not to place any liens or encumbrances on the Exchange Parcel after the date of this Agreement. 12. Billboard. MT currently leases a portion of Parcel C of the Butcher's Spur for a billboard sign (Billboard). The City agrees to enter into a separate license agreement with MT to allow MT to continue to lease the Billboard until such time as City needs to redevelop Parcel C. Upon 30 days written notice from City, MT shall take the appropriate steps to terminate all leases for the Billboard. MT shall be responsible for all costs related to termination of the Billboard lease and will work with the Billboard owner to remove any and all billboard structures. The City will make best efforts to keep MT apprised of its redevelopment activities. The provisions of this paragraph shall survive closing. • 13. Relocation Waiver. MT agrees to execute and deliver to City at closing a waiver of relocation benefits. 14. No Partnership or Joint Venture. Nothing in this Agreement shall be interpreted as creating a partnership or joint venture among the parties. 15. Broker Commissions. Each party represents and warrants to the other parties that there is no broker involved in this transaction with whom the warranting party has negotiated or to whom the warranting party has agreed to pay a broker commission. Each party agrees to indemnify the other parties for any and all claims for brokerage commissions or finders' fees in connection with negotiations for the purchase and sale of the Butchers Spur or Exchange Property arising out of any alleged agreement or commitment or negotiation by the indemnifying party. 16. No Merger. The provisions of this Agreement shall not be merged into any instruments or conveyance delivered at Closing, and the parties shall be bound accordingly. 17. Entire Agreement; Amendments. This Agreement constitutes the entire agreement among the parties, and no other agreement prior to this Agreement or contemporaneous herewith shall be effective except as expressly set forth or incorporated herein. Any purported amendment shall not be effective unless it shall be set forth in writing and executed by the parties or their respective successors or assigns. 18. Binding Effect; Assignment. This Agreement shall be binding upon and inure to the 333478v2 IMP NEI 36-221