east liberty station: realizing the potential - City of Pittsburgh
east liberty station: realizing the potential - City of Pittsburgh
east liberty station: realizing the potential - City of Pittsburgh
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(ii) Five years after <strong>the</strong> Term <strong>of</strong> this Development Agreement shall<br />
have expired pursuant to Section 10 here<strong>of</strong>.<br />
8. Indemnification; Limited Liability <strong>of</strong> Parties.<br />
Private developer shall indemnify, protect, defend and hold elTRIDRA and its appointed<br />
<strong>of</strong>ficials, <strong>of</strong>ficers, agents and employees, completely harmless from and against all liability,<br />
losses, suits, claims (including, without limitation, third party claims for personal injury or real<br />
or personal property damage), judgments, fines, actions, administrative proceedings, penalties or<br />
demands: (i) arising from injury or death <strong>of</strong> any person or damage to any property, including all<br />
reasonable costs for investigation and defense <strong>the</strong>re<strong>of</strong> (including attorney fees, court costs, and<br />
expert fees) unless such injury, death or damage is directly caused by <strong>the</strong> sole and gross<br />
negligence or willful misconduct <strong>of</strong> elTRIDRA; and (ii) arising from private developer’s<br />
obligations hereunder. elTRIDRA shall give notice to private developer <strong>of</strong> any such liability,<br />
loss, suit, claim or demand, and private developer shall defend same using counsel reasonably<br />
acceptable to elTRIDRA. The provision <strong>of</strong> this Section shall survive <strong>the</strong> expiration or early<br />
termination <strong>of</strong> this Development Agreement.<br />
It is understood and agreed that nei<strong>the</strong>r elTRIDRA, nor its directors, members, <strong>the</strong><br />
agents, attorneys or employees, or <strong>the</strong>ir respective heirs, personal representatives or successors,<br />
are generally or personally liable in connection with any matter, cause or thing pertaining to <strong>the</strong><br />
2012 TRID Note or <strong>the</strong> issuance <strong>the</strong>re<strong>of</strong>, <strong>the</strong> Indenture, or any instruments and documents<br />
executed and delivered by <strong>the</strong> elTRIDRA in connection with <strong>the</strong> insert name Project. Any<br />
liability <strong>of</strong> elTRIDRA, including any judgment entered against elTRIDRA in connection<br />
herewith, including in connection with <strong>the</strong> Indenture, <strong>the</strong> 2012 TRID Note, this Funding<br />
Agreement, or any instruments and documents executed and delivered by elTRIDRA in<br />
connection with <strong>the</strong> insert name Project, or as a result <strong>of</strong> <strong>the</strong> incorrectness <strong>of</strong> any representation<br />
in, or omission from, any <strong>of</strong> such instruments and documents, by any means (including by<br />
judicial process), shall be strictly limited to, and noted as, a lien against <strong>the</strong> Trust Estate only,<br />
and shall not affect any o<strong>the</strong>r property or assets <strong>of</strong> elTRIDRA.<br />
The obligations <strong>of</strong> <strong>the</strong> private developer pursuant to this Funding and Development<br />
Agreement (“TRID Obligations”) are limited obligations payable solely from <strong>the</strong> Pledged<br />
Revenues and, if any, to <strong>the</strong> extent payable out <strong>of</strong> moneys attributable to any Funds established<br />
pursuant to <strong>the</strong> Indenture, <strong>the</strong> 2012 TRID Note proceeds or <strong>the</strong> income from <strong>the</strong> temporary<br />
investment <strong>the</strong>re<strong>of</strong> as provided in <strong>the</strong> Indenture and any insurance proceeds.<br />
THE TRID OBLIGATIONS ARE LIMITED OBLIGATIONS OF THE elTRIDRA<br />
PAYABLE SOLELY FROM THE SOURCES PROVIDED HEREIN. NEITHER THE<br />
PRINCIPAL OF THE TRID OBLIGATIONS, NOR THE INTEREST ACCRUING THEREON,<br />
SHALL EVER CONSTITUTE A GENERAL INDEBTEDNESS OF THE elTRIDRA OR AN<br />
INDEBTEDNESS OF THE COMMONWEALTH OF PENNSYLVANIA, THE CITY OF<br />
PITTSBURGH OR ANY POLITICAL SUBDIVISION OR INSTRUMENTALITY THEREOF<br />
WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION<br />
WHATSOEVER OR SHALL EVER CONSTITUTE OR GIVE RISE TO A PECUNIARY<br />
8