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Safety National Casualty Corporation 4/25/2020
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Safety National Casualty Corporation 4/25/2020
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Last modified
3/10/2021 12:04:49 PM
Creation date
3/10/2021 12:04:06 PM
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Contracts
Contractor's Name
Safety National Casualty Corporation
Approval Date
4/25/2020
Council Approval Date
4/15/2020
Department
Legal
Department Project Manager
Tim Benedict
Subject / Project Title
Settlement and Site Release GTS Parcel
Tracking Number
0002818
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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Everett's actual or alleged failure to comply with any obligation under the Medicare Secondary <br /> Payor Statutes, then Safety National shall be entitled to liquidated damage sums up to and equal <br /> to the Settlement Amount, which liquidated damage sum shall be paid to Safety National within <br /> 30 days. The Parties agree that this liquidated damage sum is not a penalty but is reasonable <br /> given the inability of the Parties to predict with certainty the amount of damages resulting from <br /> the City of Everett's material breach or alleged breach. <br /> X. NO ASSIGNMENT AND AGREEMENT NOT TO ASSIGN <br /> A. The City of Everett represents and warrants that, as of the Effective Date, it has <br /> not assigned any of its rights against any of the Safety National Releasees arising from the GTS <br /> Site or the VCP Claim to any Person. <br /> B. The Parties each agree not to assign any of their rights under the Policies in <br /> connection with the GTS Site or the VCP Claim, or to delegate any of their duties under this <br /> Agreement without first obtaining all other Parties' written consent; provided, however, that this <br /> provision will not prohibit any assignment by any Party due to purchase, sale, merger, <br /> consolidation, operation of law or to a Person who succeeds to all or substantially all of such <br /> Party's assets. Subject to the foregoing, this Agreement will extend to and be binding upon the <br /> successors and assigns of the Parties. <br /> XI. CONSTRUCTION OF THE AGREEMENT; MISCELLANEOUS <br /> A. No Admission. This Agreement is the result of a compromised settlement of <br /> disputed claims and defenses. Nothing in this Agreement is to be construed as an admission or <br /> concession of coverage, responsibility, liability, non-liability or wrongdoing by either Party. <br /> This Agreement is the product of informed negotiations between the Parties and their <br /> representatives, including counsel, and involves compromises of previously stated legal <br /> Settlement Agreement and Site Release <br /> Page—12 <br /> 2625918/1470.0003 <br />
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