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Agenda - 06-18-2013 - 5l
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Agenda - 06-18-2013 - 5l
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Last modified
6/9/2015 4:49:39 PM
Creation date
6/17/2013 9:25:19 AM
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BOCC
Date
6/18/2013
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5l
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Finance agreement -Approval of Orange Grove Station #3 Finance Agreement from 6-18-2013 BOCC meeting - Agenda Item 5L
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\Board of County Commissioners\Various Documents\2010 - 2019\2013
Minutes 06-18-2013
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\Board of County Commissioners\Minutes - Approved\2010's\2013
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33 <br />ARTICLE VIII. ADMINISTRATIVE PROVISIONS. <br />Section 8.1. Notice. All written notices to be given under this Escrow Agreement shall be given by mail, by facsimile or by overnight <br />courier to the party entitled thereto at its contact information specified on Schedule I, or at such contact information as the party may <br />provide to the other parties hereto in writing from time to time. Any such notice shall be deemed to have been received 72 hours after <br />deposit in the United States mail in registered or certified form, with postage fully prepaid, or if given by other means, when delivered at <br />the address or facsimile number specified in Schedule L Any notice given by any party shall be given to both other parties. <br />Section 8.2. Assignment. Except as expressly herein provided to the contrary, the rights and duties of each of the parties under this <br />Escrow Agreement shall not be assignable to any person or entity without the written consent of all of the other parties. Notwithstanding <br />the above, Lessor may freely assign all or any part of its interest in this Escrow Agreement and the Equipment Acquisition Fund in <br />connection with an assignment by Lessor of its rights under the Lease. <br />Section 8.3. Binding Effect. This Escrow Agreement shall be binding upon and inure to the benefit of the parties and their respective <br />successors and assigns. <br />Section 8.4. Severabilitv. In the event any provision of this Escrow Agreement shall be held invalid or unenforceable by any court of <br />competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. <br />Section 8.5. Entire Agreement; Amendments. This Escrow Agreement constitutes the entire agreement of the parties with respect to the <br />subject matter hereof and supersedes all prior and contemporaneous writings, understandings, agreements, solicitation documents and <br />representations, express or implied. By execution of this Escrow Agreement, Escrow Agent shall not be deemed or considered to be a <br />party to any other document, including the Master Lease. <br />This Escrow Agreement may be amended, supplemented or modified only by written documents duly authorized, executed and delivered <br />by each of the parties hereto. <br />Section 8.6. Captions. The captions or headings in this Escrow Agreement are for convenience only and in no way define, limit or <br />describe the scope or intent of any provisions, Articles, Sections or clauses hereof. <br />Section 8.7. Further Assurances and Corrective Instruments. Lessor and Lessee agree that they will, from time to time, execute, <br />acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as <br />may be necessary or proper to carry out the intention or to facilitate the performance of the parties under this Escrow Agreement, and for <br />better assuring and confirming the rights and benefits provided herein. <br />Section 8.8. Governing Law. This Escrow Agreement shall be construed and governed in accordance with the laws of the State of North <br />Carolina. <br />Section 8.9. Execution in Counterparts. This Escrow Agreement may be simultaneously executed in several counterparts, each of <br />which shall be an original and all of which shall constitute but one and the same Escrow Agreement. <br />Section 8.10. Waiver of Jury Trial. Lessor, Lessee and Escrow Agent hereby waive any right to trial by jury in any action or proceeding <br />with respect to, in connection with or arising out of this Escrow Agreement. <br />Section 8.11. No Tax Reporting. Escrow Agent will not be responsible for tax reporting of any income on the Equipment Acquisition <br />Fund. <br />[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] <br />32 <br />5/16/ 2013: BQ- ESCfamtem.D0C /rev.01 /04.st1 <br />
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