Laserfiche WebLink
<br /> ARTICLE V <br /> Miscellaneous <br /> Section 1: Severability. The provisions of this Agreement are <br /> severable, and if any provision or part of this Agreement or the <br /> application thereof to any person or circumstance shall ever be <br /> held by any court of competent jurisdiction to be invalid or un- <br /> constitutional for any reason, the remainder of this Agreement <br /> and the application of such provision or part of this Agreement <br /> to other persons or circumstances shall not be affected thereby. <br /> Section 2: Modification. This Agreement shall be subject to <br /> change or modification only with the mutual written consent of <br /> the Developer and the City. <br /> Section 3: Assignability. This Agreement may be assigned by <br /> the Developer without the prior written consent of the City. <br /> Section 4: Captions. The captions appearing at the first of <br /> each numbered section or paragraph in this Agreement are inserted <br /> and included solely for convenience of reference and shall never <br /> be considered or given any effect in construing this Agreement. <br /> Section 5: Applicable Law. This Agreement shall be governed <br /> by and construed in accordance with the laws of the State of <br /> Texas. The obligations and undertakings of each of the parties <br /> to this Agreement shall be performable in Hays County, Texas. <br /> Section 6: Parties at Interest. This Agreement shall be for <br /> the sole and exclusive benefit of the parties hereto and shall <br /> never be construed to confer any benef~t on any third party. <br /> Section 7: Term. Except as otherwise provided herein, this <br /> Agreement shall be in force and effect from the date of execution <br /> thereof and until December 31, 1996, or until such other earlier <br /> or later date as may be provided under other provisions hereof. <br /> Section 8: Recording. This agreement, or a memorandum thereof <br /> may be recorded in the Real Property Records of Hays County, <br /> Texas, to evidence this agreement of the City and the Developer. <br /> The parties hereto further agree to execute such other documents <br /> in recordable form as may be determined necessary to provide <br /> notice to evidence that the tax increment funds for the Reinvest- <br /> ment Zone shall be allocated to the repayment of reimbursable ex- <br /> penditures relating to this Project and those expressly contem- <br /> plated herein. <br /> -9- <br />