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Agmt 2006 Mercy Housing California XXXIII
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Agmt 2006 Mercy Housing California XXXIII
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Last modified
5/10/2007 12:57:18 PM
Creation date
5/10/2007 12:55:20 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
6/5/2006
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PERM
Document Relationships
Agmt 2006 Mercy Housing California XXXIII (2)
(Reference)
Path:
\City Clerk\City Council\Agreements\2006
Agmt 2006 Mercy Housing California XXXIII (3)
(Reference)
Path:
\City Clerk\City Council\Agreements\2006
RDA Reso 2006-002
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2006
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<br />(without cost to Agency) any and all Reports, Plans and Specifications relating to the Property, <br />the Project or the Improvements, as the same may be amended or modified from time to time, <br />which Contractor may own or have the right to use and to grant others the right to use. <br />Contractor further agrees that, upon the written request of Agency (whether or not any Event of <br />Default has occurred), it will execute and deliver a certification confirming Agency's rights with <br />respect to such Reports, Plans, and Specifications as Agency from time to time may reasonably <br />req uest. <br /> <br />Contractor agrees that for so long as the Assignment Agreement is effective, if Assignor <br />defaults in making any required payment or in performing any other obligation under any <br />Assigned Document to which Contractor is a party, Contractor shall give prompt written notice <br />thereof to Agency. Unless and until such notice is given to Agency, and for a period of 15 <br />business days thereafter, Contractor shall not exercise any of its rights or remedies against <br />Assignor under the Assigned Documents (including, without limitation, the right to terminate any <br />Assigned Document or to stop work thereunder). After such notice is given and for a period of <br />15 business days thereafter, Agency may, at its option, cure (but shall have no obligation to <br />cure) any such default by Assignor and, if such default is so cured during such notice period, <br />Contractor shall continue performance under the Assigned Documents to which such <br />Contractor is a party. <br /> <br />Contractor represents and warrants that (i) the Assigned Documents to which <br />Contractor is a party are in full force and effect, and to Contractor's knowledge there are no <br />defaults thereunder by any party thereto; (ii) Contractor has made no assignment of any <br />Assigned Document to which Contractor is a party or of its rights thereunder (other than to <br />Agency); and (iii) there presently exists no unpaid claims presently due to Contractor, except as <br />disclosed in writing to the Agency, arising in connection with the performance of Contractor's <br />obligations under the Assigned Documents to which Contractor is a party. Contractor agrees <br />that for so long as the Assignment Agreement is effective, Contractor shall not assign its rights <br />or interest in any of the Assigned Documents (absent the prior written consent of Agency) to <br />any entity other than a lender whose loan is secured by the Property, the Project or the <br />Improvements with the prior written approval of the Agency. <br /> <br />IN WITNESS WHEREOF, Contractor has duly executed this Consent as of the date first written <br />above. <br /> <br />CONTRACTOR <br /> <br />By: <br /> <br />Contractor's Address: <br /> <br />Its: <br /> <br />Telephone: <br />Facsimile: <br /> <br />809163-1 <br /> <br />27 <br />
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