Laserfiche WebLink
Reviewed by Counsel and <br />Acceptable as to Legal <br />Form --Sheppard Mullin <br />under the law, either common, constitutional, statutory, administrative, regulatory, or other, of <br />any jurisdiction), whether known or unknown, suspected or unsuspected, which any Party may <br />ever have had, may now have, or may hereafter acquire against the other Party arising out of <br />or relating to the State Street Lease (the "Released Claims"). <br />8. Waiver of Unknown Claims. With respect to the Released Claims, this Termination <br />Agreement is intended to and does apply with respect to all facts, acts and omissions, whether <br />known or not known. After having first obtained advice from counsel and having had the legal <br />effect of California Civil Code § 1542 explained to them by their own counsel, the Parties do <br />hereby knowingly, intentionally, and expressly waive all benefits and protections with respect <br />to the Released Claims under California Civil Code § 1542, as well as under any other statutes, <br />legal decisions, or common law principles of similar effect. Section 1542 of the California <br />Civil Code states: <br />A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR <br />DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF <br />EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE <br />MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. <br />The Parties acknowledge that they may later discover facts in addition to or different from <br />those they now believe to be true concerning the Released Claims and this Termination Agreement, <br />and that notwithstanding such new or different facts, the releases contained in this Termination <br />Agreement shall remain effective. The Parties acknowledge and agree that this waiver is an <br />essential and material term of this Termination Agreement, without which the consideration given <br />in this Termination Agreement would not have been given. <br />9. Tenant Representations. Tenant represents and warrants that to the best of its knowledge <br />(a) Tenant is the rightful owner of all of Tenant's interest in the State Street Lease; (b) Tenant <br />has not made any disposition, assignment, sublease, or conveyance of the State Street Lease or <br />Tenant's interest therein; (c) Tenant has no knowledge of any fact or circumstance which <br />would give rise to any claim, demand, obligation, liability, action or cause of action arising out <br />of or in connection with Tenant's occupancy of the State Street Building; and (d) there are no <br />outstanding contracts for the supply of labor or material and no work has been done or is being <br />done in, to or about the State Street Building which has not been fully paid for. The foregoing <br />representation and warranty shall be deemed to be remade by Tenant in full as of the <br />Termination Date. <br />10. Landlord Representations. Landlord represents and warrants that to the best of its knowledge <br />that: (a) as of the Effective Date, Landlord shall have good and marketable title to the State <br />Street Property, and (b) Landlord has the full right and authority to execute and deliver this <br />Termination Agreement and perfouii in accordance with the terms hereof. <br />11. Miscellaneous. The Parties further agree to the following provisions: <br />11.1. Performance; Further Acts. The Parties agree in good faith to perform such acts and <br />to prepare, execute, and file all documents as are reasonably required to give full force and <br />effect to this Termination Agreement. <br />Citibank <br />[FINAL REVIEW COPY] _4_ City of Redlands <br />SMRH:4854-3459-0049.14 Lease Termination // 300 E. State St., Redlands, CA <br />102523 0100-092806 <br />