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Agenda - 06-24-1986
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Agenda - 06-24-1986
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10/11/2016 2:43:46 PM
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BOCC
Date
6/24/1986
Meeting Type
Regular Meeting
Document Type
Agenda
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(v) Section 7 .10 (pertaining to the Assignor ' s right to <br /> release and indemnification) ; <br /> (vi) Section 8.1 (pertaining to the Assignor ' s right to <br /> consent to, and to receive notice of, any assignment of the <br /> Loan Agreement or lease or sale of the Project by the <br /> Company) ; <br /> (vii) Section 9 . 5 (pertaining to the Assignor ' s right to <br /> reimbursement of expenses incurred upon a default) ; <br /> (viii) Sections 10. 1, 10. 2 and 10. 3 (pertaining to the <br /> Assignor 's right to notice of prepayments) ; <br /> (ix) Section 11. 5 (pertaining to the Assignor ' s right to <br /> receive certain notices) ; and <br /> (x) Sections 11. 12 and 11.13 (pertaining to the limitations <br /> on the liability of the Assignor ) ; <br /> (b) a promissory note (as the same may from time to time be <br /> supplemented or amended) , of even date herewith ( the "Note" ) , of <br /> the Company to the Assignor evidencing the Company' s obligation <br /> to repay the loan, together with interest thereon and other <br /> amounts with respect thereto, as provided for in the Loan Agree- <br /> ment, the Assignor having on the date shown in the Certificate of <br /> Disbursement endorsed on the Bond (hereinafter mentioned) <br /> endorsed the Note without recourse to the order of , and delivered <br /> the same to, the Assignee in pledge as security for the obliga- <br /> tions of the Assignor to such Assignee hereinafter referred to; <br /> and <br /> (c) the Security Agreement (as the same may from time to <br /> time be supplemented or amended) , of even date herewith (the <br /> "Security Agreement" ) , between the Company and the Assignor <br /> covering certain personal property and fixtures more fully de- <br /> scribed therein; provided, however, that the Assignor hereby <br /> expressly reserves its rights ( together with the Assignee, where <br /> applicable) under the following sections of the Security <br /> Agreement: <br /> (i) Section 7 (pertaining to the Assignor ' s right to <br /> receive payment for certain costs and expenses) ; <br /> (ii) Section 10 (pertaining to the Assignor ' s right to <br /> receive payment for certain advances) ; and <br /> (iii) Section 11(a) (pertaining to the Assignor ' s right to <br /> receive certain notices) . <br /> 2. <br />
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