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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
Metadata
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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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moved or in any way released from the GTS Site, but only to the extent of Environmental <br /> Contamination from the GTS Site; (d) the negotiation and execution of this Agreement; and (e) <br /> relating to the GTS Site, any alleged bad faith, alleged violation of any statute or regulation, <br /> including, but not limited to, Unfair Claim Practices Acts (specifically including the Insurance <br /> Fair Conduct Act), Consumer Protection Acts, or other similar statutes of each of the fifty (50) <br /> states (when applicable) based upon any act or omission of the Safety National Releasees, or any <br /> of them, whether sounding in breach of contract, breach of express or implied warranty, breach <br /> of any duty of good faith and fair dealing, breach of statutory duties, actual or constructive <br /> breach of fiduciary duty, actual or constructive fraud, unfair insurance acts or practices, unfair or <br /> deceptive acts or trade practices, or any other theory relating to any alleged misconduct or <br /> wrongdoing of any kind by the Safety National Releasees, or any of them. All Claims released <br /> by this Section IV.A.will be referred to hereinafter as the"City of Everett Released Claims." <br /> B. The City of Everett, on its own behalf and on behalf of the City Releasees, hereby <br /> withdraws all requests, demands and tenders for indemnity, defense or any and all other <br /> reimbursement made to the Safety National, and each of them, relating to the GTS Site, <br /> including but not limited to any and all Claims under the Policies relating to the GTS Site, <br /> including but not limited to any alleged defense or indemnity obligation concerning the GTS <br /> Site, or the DOE Claim and hereby covenants and agrees to forever relinquish and abandon any <br /> and all rights and Claims against the Safety National Releasees, and each of them,with respect to <br /> such Claims relating to the GTS Site. <br /> C. Safety National hereby fully, finally and completely acquits, releases and forever <br /> discharges the City Releasees, and each of them, from and covenant not to sue the City Releasees <br /> or any of them, for any and all Claims, expenses and compensation of any kind and nature <br /> Settlement Agreement and Site Release <br /> Page—8 <br /> 2625918/1470.0003 <br />
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