Proffer Allocation Agreement Sample Clauses

Proffer Allocation Agreement. At the Closing, LAC4-South will execute and record among the Land Records an amendment to join an agreement to allocate the responsibilities and costs for the Proffers for the Development (the “PAA”). The Other Ground Lease Tenants for the North Building and the FCRHA will have signed the PAA upon the closing of the North Building Projects. The FCRHA and LAC4-South shall each act in good faith and use reasonable efforts to agree, and LAC4-South shall use reasonable efforts to cause the Other Ground Lease Tenants to agree, upon the final form of the PAA; provided, however, that in no event will the FCRHA be responsible for any Proffer costs except in connection with a completed Project of which it obtains possession following a ground lease termination.
Sample 1
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Proffer Allocation Agreement. At the Closing, the FCRHA, LAC9-North, and the Other Ground Lease Tenant for the North Building will execute and record among the Land Records an agreement to allocate the responsibilities and costs for the Proffers for the Development (the “PAA”). The Other Ground Lease Tenants for the South Building will each sign the PAA upon the closings for the South Building. The FCRHA and LAC9-North shall each act in good faith and use reasonable efforts to agree, and LAC9-North shall use reasonable efforts to cause the Other Ground Lease Tenants to agree, upon the final form of the PAA; provided, however, that in no event will the FCRHA be responsible for any Proffer costs except in connection with a completed Project of which it obtains possession following a ground lease termination.
Sample 1

Related to Proffer Allocation Agreement

  • Indemnification Agreement Contractor hereby agrees to indemnify and hold harmless the Owner, the State of Georgia and its departments, agencies and instrumentalities and all of their respective officers, members, employees and directors (hereinafter collectively referred to as the "Indemnitees") from and against any and all claims, demands, liabilities, losses, costs or expenses, including attorneys' fees, due to liability to a third party or parties, for any loss due to bodily injury (including death), personal injury, and property damage arising out of or resulting from the performance of this Contract or any act or omission on the part of the Contractor, its agents, employees or others working at the direction of Contractor or on its behalf., or due to any breach of this Contract by the Contractor, or due to the application or violation of any pertinent Federal, State or local law, rule or regulation. This indemnification extends to the successors and assigns of the Contractor. This indemnification obligation survives the termination of the Contract and the dissolution or, to the extent allowed by law, the bankruptcy of the Contractor. If and to the extent such damage or loss (including costs and expenses) as covered by this indemnification is paid by the State Tort Claims Trust Fund, the State Authority Liability Trust Fund, the State Employee Broad Form Liability Fund, the State Insurance and Hazard Reserve Fund, and other self-insured funds (all such funds hereinafter collectively referred to as the "Funds") established and maintained by the State of Georgia Department of Administrative Services Risk Management Division (hereinafter "DOAS") the Contractor agrees to reimburse the Funds for such monies paid out by the Funds.

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