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R2012-158 AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
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R2012-158 AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
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8/20/2015 1:10:32 PM
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Resolution/Ordinance
Res Ord Num
R2012-158
Res Ord Title
AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
Approved Date
8/20/2012
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and to execute such additional bills of sale,deeds,easements, assignments or other papers upon the <br /> written request of ADM. <br /> 25. Survival of Warranties and Representations.Any warranty expressly stated upon the <br /> face of this Agreement shall survive the Closing Date hereunder notwithstanding any investigation made <br /> by or on behalf of ADM or the City.Each and every representation,covenant and agreement made in this <br /> Agreement,or pursuant thereto,shall survive the Closing Date hereunder notwithstanding any <br /> investigation made by or on behalf of ADM or the City. <br /> 26. No Broker Involved.The parties hereto acknowledge that no finder or broker.is involved <br /> in this transaction. <br /> 27. Hold Harmless.The City shall save and:hold harmless ADM and its directors, officers, <br /> employees,attorneys,representatives and agents from any and all-claims,suits and judgments,including <br /> litigation expenses and attorneys'fees,relating in any way to the authority,propriety.or appropriateness of <br /> the City executing or performing this Agreement or as.a result of the breach of any obligation,covenant, <br /> representation or warranty of the-City set forth in this Agreement or arising from any claim of the City's <br /> bondholders.ADM shall save and hold the City and its Mayor, City Counsel, officers, employees, <br /> attorneys,representatives and agents from any and all claims, suits,and judgments,including <br /> litigation expenses and attorneys'fees,.relating in any way to the authority,propriety or <br /> appropriateness of ADM executing orperforrining this Agreement or as the result.of the breach of any <br /> obligation, covenant,representation or warranty of ADM set forth in this Agreement. <br /> 28. Closing Costs. Each party shall pay its respective legal fees and expenses, closing <br /> costs and title charges incurred in connection with the preparation, execution and performance of this <br /> Agreement-and the-Closing: - <br /> 29. Publicity. The parties agree to make no public statement with-respect to this <br /> Agreement or the transactions contemplated thereby until a joint press release,which the City <br /> shall draft, shall be issued. <br />
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