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Res 1997-094
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Res 1997-094
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Last modified
6/11/2007 3:43:42 PM
Creation date
6/11/2007 3:43:42 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1997-94
Date
6/9/1997
Volume Book
129
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<br /> l¡5"r¿ <br /> 36. CHOICE OF FORUM: CONSENT TO PROCESS AND JURISDICTION. Any suit, action or <br /> proceeding against Lessee with respect to this Lease and/or the Equipment (or any portion thereof) or any <br /> judgment entered by any court in respect thereof, may be brought in the courts of the State, or in the United <br /> States District Court for the jurisdiction applicable to the State, as Lessor in its sole discretion may elect, and <br /> Lessee hereby irrevocably submits to the nonexclusive jurisdiction of such courts for the purpose of any such <br /> suit, action or proceeding. Lessee hereby ÍITevocably waives any objections which it may now or hereafter <br /> have to the laying of venue of any suit, action or proceeding arising out of or relating to this Lease and/or the <br /> Equipment (or any portion thereof) brought in the courts located in the State, and hereby further irrevocably <br /> waives any claim that any such suit, action or proceeding brought in any such court has been brought in an <br /> inconvenient forum. <br /> -- 37. INVALID PROVISIONS. If any provision of this Lease is held to be illegal, invalid or <br /> unenforceable under present or future laws during the term hereof, such provision shall be fully severable, and <br /> this Lease shall be construed and enforced as if such illegal, invalid or unenforceable provision had never <br /> comprised a part hereof, and the remaining provisions hereof shall remain in full force and effect and shall not <br /> be affected by the illegal, invalid or unenforceable provision or by its severance hereITom. Furthermore, in lieu <br /> of each such illegal, invalid or unenforceable provision there shall be added as part hereof a provision mutually <br /> agreeable to Lessor anq Lessee as similar in terms to such illegal, invalid or unenforceable provision as may <br /> be possible and be legal, valid and enforceable. <br /> 38. FURTIffiR ASSURANCES. Lessee hereby agrees, at any time and ITom time to time, upon the <br /> request of Lessor, to execute and deliver or cause to be executed and delivered, such further documents and <br /> to do such other acts and things as Lessor may reasonably request in order fully to effect the purposes of this <br /> Lease. <br /> . <br /> 39. ARBITRATION. Lessor and Lessee agree to bound by the terms of the Arbitration Program <br /> attached hereto as Exhibit "G" and incorporated herein by reference, pursuant to which any and all disputes <br /> shall be resolved by mandatory binding arbitration upon the request of either party. <br /> 40. COUNTERPARTS. This Lease may be executed in any number of original counterparts, all of <br /> which when taken together shall constitute one and the same instrument. <br /> The undersigned agree to all terms and conditions set forth herein, and in witness whereof, they hereby <br /> execute this Lease as of the date first set forth hereinabove. <br /> - <br /> LESSOR: LESSEE: <br /> AMERICAN BANK THE CITY OF SAN MARCOS <br /> By: (Jf>J ;:fa '" ÆI' ~ . ~l By: ~/4./)Â!~ <br /> <br /> Title: Senior Vice President Title: City Manager <br /> Attest and counters¡gn« t <br /> By: uP!(Jd'vr/, I If;, rrJ1¿F/ <br /> ¡; , <br /> Title: City Secretary <br /> 16 <br />
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