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RES 19-26
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RES 19-26
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7/2/2019 12:47:45 PM
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7/2/2019 12:47:45 PM
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City Government
type
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date
7/1/2019
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(c) Controlling Law. This Agreement has been made under the laws of the State of <br />Minnesota, and such laws will control its interpretation. <br />(d) No Waiver. Neither the failure of either party to exercise any power given such <br />party hereunder or to insist upon strict compliance by the other party with its <br />obligations hereunder, nor any custom or practices of the parties at variance with <br />the terms hereof constitutes a waiver of either parry's right to demand exact <br />compliance with the terms hereof. <br />(e) Amendments. No amendment to this Agreement will be binding on either of the <br />parties hereto unless such amendment is in writing and is executed by the party <br />against whom enforcement of such amendment is sought. <br />(f) Date for Performance. If the time period by which any right, option or election <br />provided under this Agreement must be exercised, or by which any act required <br />hereunder must be performed, or by which the Closing must be held, expires on a <br />Saturday, Sunday or legal or bank holiday, then such time period will be <br />automatically extended through the close of business on the next regularly <br />scheduled business day. <br />(g) Recordin . Neither party will record this Agreement or a short -form of this <br />Agreement without the consent of the other party. <br />(h) Counterparts. This Agreement may be executed in counterparts, in which case all <br />such counterparts will constitute one and the same agreement; however, this <br />Agreement shall not become binding upon any party unless and until executed <br />(whether or not in counterpart) by all the parties. Telecopy or facsimile signatures <br />by the parties will be regarded as valid and binding signatures of the parties. <br />(i) Time of the Essence. Time is of the essence of this Agreement and every term <br />and condition hereof. <br />(j) Severabilit . This Agreement is intended to be performed in accordance with, <br />and only to the extent permitted by, all applicable laws, ordinances, rules and <br />regulations, and is intended, and will for all purposes be deemed to be, a single, <br />integrated document setting forth all of the agreements and understandings of the <br />parties hereto, and superseding all prior negotiations, understandings and <br />agreements of such parties. If any term or provision of this Agreement or the <br />application thereof to any person or circumstance is, for any reason and to any <br />extent, held to be invalid or unenforceable, then such term or provision will be <br />ignored, and to the maximum extent possible, this Agreement will continue in full <br />force and effect, but without giving effect to such term or provision. <br />CITY OF ELK RIVER <br />201970A 11 <br />
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