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4.4 SR 08-21-2023
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4.4 SR 08-21-2023
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8/17/2023 3:47:21 PM
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Sponsor shall be obligated to pay all funds contemplated by this Agreement to be due and <br />payable through the Expiration Date. <br />5. No Transfer Event shall relieve Primary Sponsor and any successor entity from being jointly <br />and severally liable for payment and performance of all obligations of Primary Sponsor under <br />this Agreement if the City does not exercise its right of termination as provided in Sec. VII (4). <br />Article VIII <br />Notices <br />All notices hereunder by either Party to the other shall be in writing. All notices, demands, <br />or requests shall be deemed given when mailed, postage prepaid, registered, or certified mail, <br />return receipt requested. <br />If to the City: <br />City of Elk River <br />Attn: City Administrator <br />13065 Orono Parkway <br />Elk River, NIN 55330 <br />If to Primary Sponsor: <br />Plants and Things/Furniture and Things <br />9792 Gateway Road <br />Elk River, NIN 55330 <br />Article IX <br />General Provisions <br />Amendments. Neither this Agreement nor any term or provision hereof may be changed, <br />waived, discharged, or terminated, except by a written instrument signed by the Parties hereto. <br />2. Interpretation of Agreement. The captions preceding the articles and sections of this <br />Agreement have been inserted for convenience of reference only and such captions shall in no <br />way define or limit the scope of intent of any provision of this Agreement. Unless otherwise <br />provided herein, whenever the consent of City is required to be obtained, City may give or <br />withhold such consent in its sole and absolute discretion. <br />Severability. If any provision of this Agreement or the application thereof to any person, <br />entity, or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this <br />Agreement shall not be affected thereby, and each other provision of this Agreement shall be <br />valid and be enforceable to the fullest extent permitted by law. <br />4. Attorneys' Fees. In the event of a dispute regarding any provision of this Agreement, the Party <br />not prevailing in such dispute shall pay any and all costs and expenses incurred by the other <br />Party in enforcing or establishing its rights hereunder (whether or not such action is prosecuted <br />to judgment), including without limitation, court costs and attorneys' fees. <br />5. Time of Essence. Time is of the essence with respect to all provisions of this Agreement in <br />which a definite time for performance is specified including, but not limited to, the expiration <br />of the term. <br />6. Cumulative Remedies. All rights and remedies of either party hereto set forth in this <br />Agreement shall be cumulative, except as may otherwise be provided herein. <br />
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