Common use of Other Conditions of Property Clause in Contracts

Other Conditions of Property. Redeveloper, on behalf itself and ---------------------------- its successors, affiliates, partners, and assigns, hereby fully and entirely release and discharge the City (as a third party beneficiary hereof) and Agency (including the City's and Agency's servants, employees, agents, representatives, successors, descendants, heirs, executors, administrators, assigns, and attorneys), and of each of them alone, of and from any and all claims, causes of action, or demands, liabilities, damages, and losses, of whatever nature, anticipated or unanticipated, known or unknown, or in connection with, or in any way related to, the Property, or for the physical condition of the Property or any portion thereof, other than as provided hereinabove with respect to Hazardous Wastes. This release constitutes an explicit waiver by Redeveloper of each and all of the provisions of California Civil Code Section 1542, which states as follows: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." Redeveloper's Initials: _____________________________________________ Redeveloper hereby declares and represents that Redeveloper is effecting and executing this release of the City and Agency after having read all of this release and with full understanding of its meaning and effect and after having received full legal advice as to Redeveloper's rights from an attorney.

Other Conditions of Property. Redeveloper, on behalf itself and ---------------------------- its successors, affiliates, partners, and assigns, hereby fully and entirely release and discharge the City (as a third party beneficiary hereof) and Agency (including the City's and Agency's servants, employees, agents, representatives, successors, descendants, heirs, executors, administrators, assigns, and attorneys), and of each of them alone, of and from any and all claims, causes of action, or demands, liabilities, damages, and losses, of whatever nature, anticipated or unanticipated, known or unknown, or in connection with, or in any way related to, the Property, or for the physical condition of the Property or any portion thereof, other than as provided hereinabove with respect to Hazardous Wastes. This release constitutes an explicit waiver by Redeveloper of each and all of the provisions of California Civil Code Section 1542, which states as follows: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." Redeveloper's Initials: _____________________________________________ Redeveloper hereby declares and represents that Redeveloper is effecting and executing this release of the City and Agency after having read all of this release and with full understanding of its meaning and effect and after having received full legal advice as to Redeveloper's rights from an attorney.