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SOUTHERN PACIFIC - FT 033632
City of Pleasanton
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SOUTHERN PACIFIC - FT 033632
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11/1/2007 4:42:37 PM
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11/1/2007 4:06:01 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
7/20/1988
LONG TERM AGREEMENTS - NAME
SOUTHERN PACIFIC TRANSPORTATION
LONG TERM AGREEMENTS - TYPE
PURCHASE AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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<br />Agreement, such consent <br />.obligations arising unde <br />expressly so provide. <br />17. TIMELY PERFORMANCE <br /> <br />shall not relieve or excuse Buyer from'any of its <br />r this Agreement, unless such written consent shall <br />Time is of the essence of this Agreement. <br />18. SEVERABILITY <br />In the event that any provision of this Agreement is found to be invalid or <br />unenforceable, such determination shall not affect the validity and <br />enforceability of any other provision of this Agreement. <br />19. RIGHT OF ENTRY <br />19.1 Buyer and Buyer's Agents may enter on the Property at all reasonable <br />times while this Agreement is in effect to make tests, surveys, studies <br />and inspections in connection with the Property, provided that prior to <br />the exercise of said right and at all times while Buyer or Buyer's <br />agents are present upon the Property, Buyer shall arrange for and keep <br />and maintain in full force and effect a policy of comprehensive general <br />liability insurance with a combined single limit of not less than <br />$2,000,000 per occurrence, and shall furnish to Seller a certificate of <br />such insurance which names Seller as an additional insured and provides <br />that such policy shall not be cancelled or amended without thirty (30) <br />days' prior written notice to Seller. Buyer shall indemnify and defend <br />Seller against, and hold Seller harmless from, any and all liability, <br />cost and expense for 1 oss of or damage to any property or i n jury to or <br />death of any person, arising out of or in any way related to the <br />exercise of the right granted hereunder to enter the Property, unless <br />such liability, cost and expense are caused by the sole, active <br />negligence of Seller. <br />All costs incurred in connection with tests, surveys, studies, <br />inspections, reviews, approvals, determinations and applications made <br />by or on behalf of Buyer under this Agreement or in connection with <br />Buyer's proposed use of the Property shall be paid by Buyer. In the <br />event of the recordation of any claim of lien for materials supplied or <br />labor or professional services performed on behalf of Buyer, Buyer <br />shall promptly satisfy and discharge such lien at Buyer's sole cost and <br />expense upon demand therefor by Seller. <br />19.2.. Buyer shall provide to Seller a copy of each report, study, regulation <br />or ordinance obtained by Buyer in connection with its approvals under <br />Paragraph 7. In addition, if the purchase and sale of the Property are <br />not consummated for any reason, Buyer shall deliver to Seller free of <br />charge all of the engineering, architectural, financial and other <br />studies, drawings, reports, surveys and similar materials prepared by <br />or on behalf of Buyer with respect to the Property and Buyer's proposed <br />project to the extent Buyer is legally entitled to do so. <br />Document 0044 <br />Page 6 of 8 <br />
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