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7.2. HRSR 04-04-2016
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7.2. HRSR 04-04-2016
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4/1/2016 4:14:06 PM
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City Government
type
HRSR
date
4/4/2016
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provision of this Agreement or any other statement, instrument or transaction contemplated <br /> hereby or relating hereto shall be held to be prohibited or invalid under such applicable law, such <br /> provision shall be ineffective only to the extent of such prohibition or invalidity, without <br /> invalidating the remainder of such provision or the remaining provisions of this Agreement or <br /> any other statement, instrument or transaction contemplated hereby or relating hereto. <br /> 8. Consent to Jurisdiction. At the option of Lender, this Agreement may be enforced <br /> in any Federal Court or State Court sitting in Sherburne County, Minnesota; and Borrower <br /> consents to the jurisdiction and venue of any such Court and waives any argument that venue in <br /> such forums is not convenient. In the event Borrower commences any action in another <br /> jurisdiction or venue under any tort or contract theory arising directly or indirectly from the <br /> relationship created by this Agreement, Lender at its option shall be entitled to have the case <br /> transferred to one of the jurisdictions and venues above-described, or if such transfer cannot be <br /> accomplished under applicable law, to have such case dismissed without prejudice. <br /> 9. Waiver of Jury Trial. Borrower and Lender irrevocably waive any and all right to <br /> trial by jury in any legal proceeding arising out of or relating to this Agreement or any of the <br /> Loan documents (as that term is used in the Loan Agreement) or the transactions contemplated <br /> hereby or thereby. <br /> 10. Binding Effect; Gender. This Agreement shall inure to the benefit of Lender, and <br /> the Indemnified Parties, and shall bind Borrower and Borrower's heirs; executors, <br /> administrators, personal representatives, legal representatives, successors and assigns. The <br /> obligations of Borrower under this Agreement shall be enforceable in all events against <br /> Borrower, its heirs, executors, administrators, personal representatives, legal representatives, <br /> successors and assigns, and each of them,jointly and severally, and shall be enforceable, in the <br /> event of the death of an Borrower, as a claim against his or her estate or otherwise against the <br /> representatives of his or her estate, the heirs-at-law, the devisees and beneficiaries of the total <br /> estate and each of them. The use of any gender herein shall include all other genders. <br /> 11. Counterparts. This Agreement may be executed in any number of counterparts, <br /> each executed counterpart constituting an original,but all together only one agreement. <br /> [signature pages follow] <br /> 6 <br /> 477383v1 MJM EL185-40 <br />
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