Inst 2006181155 - Laserfiche WebLink

Home

provided for in such agreement or agreements shall not defeat the subordination herein made in whole or in part; and (c) It intentionally and unconditionally subordinates the lien or charge of the Subordinate Lienholder Documents in favor of the lien or charge upon the Property of the Senior Lienholder Deed of Trust and understands that in reliance upon, and in consideration of this subordination, specific loan and advances are being and will be made, and as part and parcel thereof, specific monetary and other obligations are being entered into which would not be made or entered into but for said reliance upon this subordination. 7. This Subordination Agreement may be executed in counterparts, but all counterparts shall constitute but one and the same document. This Subordination Agreement shall inure to the benefit of the Senior Lienholder and its successors and assigns, and shall be binding upon the Subordinate Lienholder and its successors and assigns. 8. Except as otherwise specified herein, all notices to be sent pursuant to this Subordination Agreement shall be made in writing, and sent to the parties at their respective addresses specified below or to such other address as a party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (a) personal delivery, in which case notice is effective upon delivery; (b) certified or registered mail, retum receipt requested, in which case notice shall be deemed delivered upon receipt if delivery is confirmed by a return receipt; (c) nationally recognized ovemight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (d) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first -class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness day. Agency: Redevelopment Agency of the City of San Leandro 835 East I4' Street San Leandro, CA 94577 Attention: Executive Director City: City of San Leandro 835 East 14 Street San Leandro, CA 94577 Attention: City Manager 43511- 0001.su(City.Agency)