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Res 1986-128
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Res 1986-128
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8/28/2007 9:07:39 AM
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8/28/2007 9:07:39 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Purchase
Number
1986-128
Date
10/27/1986
Volume Book
83
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<br />added to the time specified in other provisions of this Agreement <br /> <br />as to the date by which a Party shall have completed a certain <br /> <br />action whenever that action is affected by the intervention of the <br /> <br />circumstance causing the force majeure provision to be activated <br /> <br />but in no event shall such additional time extend beyond ninety <br /> <br />(90) days. <br /> <br />( b) <br /> <br />In the event the Closing is delayed, through no <br /> <br />fault of CITY, by the occurrence of any of the following events or <br />matters, CITY shall be entitled to extend the date of Closing for <br />an additional forty-five (45) days beyond the date otherwise set <br /> <br />for Closing: <br /> <br />( 1 ) <br /> <br />CITY shall have discovered within fifteen (15) <br /> <br />days of Closing Date a material error or omission in the <br /> <br />representations or warranties made by LCRA herein; <br /> <br />(2 ) <br /> <br />the certificate delivered at Closing by <br /> <br />LCRA pursuant to Section 7.08(b) contains an exception or <br />qualification not previously disclosed in writing to CITY by <br /> <br />LCRA more than fifteen (15) days prior to Closing Date; <br /> <br />(3 ) <br /> <br />disclosure to CITY within fifteen (15) days of <br /> <br />Closing Date of the occurrence of an event that materially affects <br /> <br />the schedule of the Agreement or materially alters the costs not <br /> <br />previously disclosed to CITY by LCRA; or <br /> <br />(4 ) <br /> <br />within fifteen (15) days of Closing Date a <br /> <br />matter which materially adversely affects the condition of the <br /> <br />29. <br />
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