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8M Consent 2008 0902
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8M Consent 2008 0902
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Last modified
8/29/2008 9:30:09 AM
Creation date
8/29/2008 9:30:07 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
9/2/2008
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PERM
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_CC Agenda 2008 0902
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2008\Packet 2008 0902
RDA Reso 2008-022
(Reference)
Path:
\City Clerk\City Council\Resolutions\2008
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(h) Headin s. The headings within this Note are for the purpose of reference only and <br />shall not limit or otherwise affect any of the terms of the Note. <br />(i) Assumptions. The Loan, including this Note, may not be assumed in whole or in <br />part without the prior written consent of Holder, which consent shall be given or withheld at the sole <br />discretion of Holder. Holder may condition its consent to an assumption of the Loan on the satisfaction of <br />conditions reasonably required by Holder at the time of the assumption. Conditions may include, but not be <br />limited to, Holder's satisfaction, in its sole discretion, with the proposed assuming party's ability to meet the <br />Loan obligations, modifications to the Loan and the Loan Documents, the payment of an assumption fee <br />and reimbursement of Holder's fees and costs incurred by reason of the assumption. <br />Executed in San Leandro, California on September ~, 2008. <br />1750 Doolittle, LLC, <br />a California limited liability company <br />By: <br />Its: <br />1113396.3 B-5 <br />
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