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8H Consent Calendar 2018 1217
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8H Consent Calendar 2018 1217
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12/11/2018 7:46:49 PM
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12/11/2018 7:46:48 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
12/17/2018
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Reso 2018-160
(Approved by)
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\City Clerk\City Council\Resolutions\2018
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will remain in full force and effect. Any provision of this Note held invalid or <br />unenforceable only in part or degree will remain in full force and effect to the extent not <br />held invalid or unenforceable. <br />9.4. GOVERNING LAW; VENUE. This Note shall be governed by the laws of <br />the State of California without regard to principles of conflicts of laws. All persons and <br />entities in any manner obligated under this Note consent to the jurisdiction of any <br />federal or state court having jurisdiction in which the Property is located (the “Property <br />Jurisdiction”). Borrower agrees that any controversy arising under or in relation to the <br />Note or any other Loan Document shall be litigated exclusively in the Property <br />Jurisdiction. The state and federal courts and authorities with jurisdiction in the Property <br />Jurisdiction shall have exclusive jurisdiction over all controversies which shall arise <br />under or in relation to the Note and any other Loan Document. Borrower irrevocably <br />consents to service, jurisdiction, and venue of such courts for any such litigation and <br />waives any other venue to which it might be entitled by virtue of domicile, habitual <br />residence, or otherwise. <br />9.5. PARTIES IN INTEREST. This Note shall bind Borrower and its <br />successors and assigns and shall accrue to the benefit of Lender and its successors <br />and assigns. <br />9.6. SECTION HEADINGS, CONSTRUCTION. The headings of Sections in <br />this Note are provided for convenience only and will not affect its construction or <br />interpretation. <br />9.7. RELATIONSHIP OF THE PARTIES. The relationship of Borrower and <br />Lender under this Note is solely that of borrower and lender, and the loan evidenced by <br />this Note will in no manner make Lender the partner or joint venture of Borrower. <br />9.8. TIME IS OF THE ESSENCE. Time is of the essence with respect to every <br />provision of this Note. <br />IN WITNESS WHEREOF, Borrower has executed and delivered this Note as of <br />the date first written above. <br /> <br />BORROWER <br />MTLG, LLC <br /> <br /> <br />____________________________________ <br />Louis A. Rigaud <br /> <br />Title:________________________________ <br /> <br />2980346.4
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