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2008-131
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2008-131
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Last modified
3/30/2016 11:30:57 AM
Creation date
10/1/2015 12:07:51 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/28/2008
Control Number
2008-131
Agenda Item Number
4.A.
Entity Name
Piper Aircraft, Inc.
Subject
Closing Fund Agreement
Supplemental fields
SmeadsoftID
6997
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8.0 LIABILITY AND INDEMNIFICATION: County will not assume any liability <br /> for the acts, omissions to act, or negligence of the Closing Fund Awardee, its agents, servants, or <br /> employees; nor will the Closing Fund Awardee exclude liability for its own acts, omissions to <br /> act, or negligence to County for actions under this Agreement nor will the Closing Fund <br /> Awardee assume liability for County's actions nor shall County exclude its liability to the <br /> Closing Fund Awardee. In addition, the Closing Fund Awardee agrees that County shall not be <br /> responsible for any injury or property damage resulting from any activities conducted by the <br /> Closing Fund Awardee under this Agreement. County will not hold the officers, board <br /> members, and shareholders of the Closing Fund Awardee personally liable for any act or <br /> omission of the Closing Fund Awardee. <br /> To the extent permitted by law, the Closing Fund Awardee agrees to indemnify and <br /> hold County harmless from and against any and all claims or demands for damages resulting <br /> from personal injury, including death or damage to property, arising out of any activities <br /> performed under this Agreement and will investigate all claims at its own expense. However, <br /> neither County nor any agency or subdivision of the State of Florida waives any defense of <br /> sovereign immunity or increases the limits of its liability upon entering into this contractual <br /> relationship . Indemnification by the Closing Fund Awardee applies only to liability to the <br /> extent sovereign immunity is not available. <br /> 9.0 DUTIES OF COUNTY: County agrees that the Closing Fund Awardee will be <br /> eligible to receive payments totaling up to TWELVE MILLION DOLLARS ($ 12,000,000) from <br /> the County, contingent upon meeting the requirements established in Paragraphs 5. 0(b), (c), <br /> (d), and (e) of this Agreement. The payments will be made within 30 days of verification by <br /> {3745/01/00234567.DOCv5 ) <br /> 12 <br />
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