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assets from loss due to theft,fraud and/or undue physical damage,and as a minimum shall purchase a blanket fidelity bond <br /> covering all employees in an amount equal to cash advances from the City. <br /> B. Time <br /> Time is of the essence of all provisions of this Agreement. <br /> C. Entire Agreement/Modifications <br /> ThisAgreementconstitutestheentireagreementofthepartiesheretowithrespecttotheGrantandsupersedesanyprior <br /> agreements or understandings,written or oral, with respect to the Grant.Grantee is not relying upon any promises, <br /> representationsorunderstandings,writtenororal,inenteringintotheAgreement,otherthanasexpresslysetforthinthe <br /> Agreement.Either party may request modifications in the scope of services, project duration, performance or reporting <br /> standards, or other terms or conditions herein. Proposed modifications, which are mutually agreed upon, shall be <br /> incorporated by written amendment to this contract signed by both parties. The City and Business agree that this <br /> Agreement shall be modified if necessary to achieve compliance with HUD requirements. <br /> D. Headings <br /> Thearticleandsectionheadingsinnowaydefine,limit,extendorinterpretthescopeofthisAgreementorofanyparticular <br /> article orsection. <br /> E. Validity <br /> In the event that any provision of this Agreement shall be held to be invalid,the same shall not affect in any respect <br /> whatsoever the validity of the remainder of this Agreement. <br /> F. Governing Law <br /> This Agreement shall be governed by and construed in accordance with the laws of the State of Washington, and <br /> the ordinances of the City of Everett, except to the extent federal law applies. <br /> G. Counterparts <br /> This Agreement may be executed in counterparts, and each such counterpart shall be deemed to be an original. <br /> H. Future Support <br /> The Grantor makes no commitment of future support and assumes no obligation for future support of the activity <br /> contracted herein except as set forth in this Agreement. <br /> I. Addresses <br /> Written notices, requests, grievances or adjustments to the Community Development Division shall be made to: <br /> Economic Development Department <br /> City of Everett <br /> 2930 Wetmore Avenue,Suite 10-A <br /> Everett,WA 98201 <br /> Written notices, requests,grievances or adjustments to the Grantee shall be made to: <br /> Tokyo House <br /> Soungbae Jo <br /> 500 SE Everett Mall Way Ste.B100 <br /> Everett,WA,98208 <br /> Notice shall be effective when hand-delivered during normal business hours or two(2) business days after mailing, <br /> postage prepaid, to the proper address. Either party may change its address for notices by written notice as <br /> specified above. <br /> VI. SUBROGATION <br /> In consideration of Grantee's receipt of funds from the City, Grantee hereby assigns to the City all of its future rights <br /> 4 <br />