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4.2. ERMUSR 07-12-2011
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4.2. ERMUSR 07-12-2011
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7/13/2011 9:11:18 AM
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City Government
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ERMUSR
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7/12/2011
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Agreement to Transfer Election Share <br />had not been included herein. However, the parties shall attempt to negotiate provisions <br />that reasonably substitute for the invalid provision in order to place the parties in the <br />position that they would have been had the stricken clause or provision not been found <br />invalid. <br />Section 607. Assignment of Transfer Agreement. <br />This Transfer Agreement shall inure to the benefit of, and shall be binding upon the <br />parties to this Transfer Agreement and their respective successors and assigns; provided, <br />however, no party may take any action to effect an assignment, lease, sale, or other <br />transfer of this Transfer Agreement, or any interest or rights conferred herein, without the <br />prior written consent of all of the other parties. <br />Section 608. Confidentiality of Information. <br />The parties shall cooperate in good faith to reasonably protect the confidentiality of <br />information exchanged by the parties under this Transfer Agreement that is (i) treated by <br />the providing party as non-public, and (ii) labeled or otherwise clearly identified as <br />confidential. <br />Section 609. Duly Authorized Signatories; Binding Effect of Execution. <br />Each party, as to its signatory, hereby represents and warrants that the individual <br />executing this Transfer Agreement on its behalf is duly authorized to do so, and that, by <br />such execution set forth on the signature page to this Transfer Agreement, such party is <br />hereby duly and lawfully bound by this Transfer Agreement. <br />Section 610. Delivery of Opinions. <br />On or before the Closing Date, each Acquiring City shall famish to CMMPA and to <br />Delano an opinion by an attorney or firm of attorneys, addressed to CMMPA and Delano, <br />to the effect of the matters set forth on Exhibit C hereto. On or before the Closing Date, <br />Delano shall furnish to CMMPA and to each Acquiring City an opinion by an attorney or <br />firm of attorneys, addressed to CMMPA and the Acquiring Cities, to the effect of the <br />matters set forth on Exhibit C hereto. <br />Section 611. Entire Agreement. <br />This Transfer Agreement constitutes the entire agreement of the parties with respect to its <br />subject matter, and supersedes all prior oral or written agreements, understandings, <br />representations and warranties, and courses of conduct and dealings between the parties <br />with respect to its the subject matter. <br />10 <br />
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