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9. Miscellaneous. <br />9.1 No Underwritiri Participation. The Advisor shall not during the term of this Agreement directly or <br />indirectly engage in the underwriting of any securities issuance. <br />9.2 Deler,ation of Duties. The Advisor shall not delegate its duties hereunder to any third party without the <br />express written consent of the Client. <br />9.3 No Third Party Beneficiary. No third party shall have any rights or remedies under this Agreement. <br />9.4 Entire Contract: Amendment. This Agreement constitutes the entire agreement between the parties with <br />respect to the subject matter hereof, and supersedes all prior written or oral negotiations, understandings <br />or agreements with respect hereto. This Agreement may be amended in whole or in part by mutual <br />consent of the parties, and this Agreement shall not preclude the Client and the Advisor from entering into <br />separate agreements for other projects. <br />9.5 Governing Law. The parties agree and acknowledge that any action brought for breach of this Agreement <br />or to enforce any of its provisions shall be brought in Ramsey County District Court, Minnesota. This <br />Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. <br />9.6 Change in Laws or Regulations. The parties agree and acknowledge that changes in law or regulations <br />issued by federal or state authorities may affect the terms of this Agreement. If there are any changes in <br />law or regulations made after the date of this Agreement, the Client agrees to amend this Agreement if <br />required, to maintain compliance with all applicable laws and regulations. Unless stated otherwise in this <br />Agreement, Advisor may amend this agreement at any time by providing thirty (30) days advance written <br />notice to Client. If no objection is made by the client within thirty (30) days following delivery of such <br />notice, Advisor will assume Client's inactivity constitutes consent. <br />9.7 Severability. To the extent any provision of this Agreement shall be determined invalid or unenforceable, <br />the invalid or unenforceable portion shall be deleted from this Agreement, and the validity and <br />enforceability of the remainder shall be unaffected. <br />9.8 Notice. All notices required hereunder shall be in writing and shall be deemed to have been given when <br />delivered, transmitted by first class, registered or certified mail, postage prepaid and addressed as <br />follows: <br />If to the Client: <br />City of Huao <br />14669 Fitzgerald Avenue North <br />Hugo, MN 55038 <br />Attention: Bryan Bear <br />If to the Advisor, to: <br />SSpringsted Incorporated <br />380 Jackson Street, Suite 300 <br />Saint Paul, MN 55101-2887 <br />Attention: Managing Principal <br />The foregoing Agreement is hereby entered into on behalf of the respective parties by signature of the following <br />persons each of whom is duly authorized to bind the parties indicated. <br />FOR CLIENT <br />SPRINGSTED INCORPORATED <br />Bryan Bear <br />Bonnie Matson <br />Print Name <br />Print Name <br />Citv Administrator <br />—_ ,. . ..............._ <br />Principal <br />---- — <br />Title <br />Title <br />