HomeMy WebLinkAbout0806 _ ' ~ • . . ~ ~ • . , ~ ~
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wealth of Pennsylvania. Should any part thereof be inoperative orf
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~~ineffectual by virtue of any law, the other part or parts of this '
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'Agr~ement shall not be affected thereby and shall remain in full 1
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'jforce and effect so long as that by so interpre~ing the Agreement,~~
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i~it will not completely change the basic purpose and intent of the .
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j=parties hereto. ;
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~ 10. This Agreement shall not be modified or changed ~
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~lorally or in~any manner other than by an agreement in writing ;
'isigned by the parties hereto. ;
11. This Agreement shall be binding upon and shall enur~=
~~to the benefit of the parties hereto, their successors, or assigns.~
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12. Nothing herein contained shall in any way constitute'
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i~a partnership between or in joint venture, by and between SPC and ;
. ;E WRS. ~
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13. SPC agrees that it will at all times at its own cost_
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~~and expense, indemnify and hold WRS harmless of and from any and ~
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;,all liability, claims, demands, causes of action, loss, damage or ;
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~~recovery, resulting from any breach of the warranties and covenants
- i~containEd in this Agreement or in the supplementary agreements per-~
~taining to this matter or from any suit-or proceedings of any kind'
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; agai~st WRS or brought by WRS by virtue of the execution of this
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~ ~~Agreement, or from any suit or proceeding that WRS may deem neces-?
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~ ;jsary or advisable to institute for any reason whatsoever to protect~
~ ~the rights of WRS hereunder, including reasonable attorney's fees,;
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~~costs and expenses incurred by WRS, all of which shall be a charge `
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to SPC . s
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~ 14. In order to induce WRS to enter into this Agreement ~
~~and to extend the credits contained herein, SPC covenants, warrants
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~ ~~and represents to WRS that David B. Putnam is owner of fifty (50~) :
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~ ~~per cent of SPC; that he is a resident of Fort Pierce, Florida; ~
~~that he has a net worth of $3,027.247:00 as of October 31~, 1J67; !
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~Ithat David B. Putnam will execute simultaneously with the execution'
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~±of this Agreement, a guarantee of all obligations of SPC hereunder;~
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. R 78 805 ;
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