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pf_02729
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Last modified
7/17/2007 12:07:20 PM
Creation date
12/8/2004 12:39:03 PM
Metadata
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Template:
Planning Files
Planning Files - Planning File #
2729
Planning Files - Type
Planning-Other
Address
2285 COUNTY ROAD C W
Applicant
COMPUTYPE
PIN
012923410001
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<br />XII. <br />DOCUMENTATION; NONRECOURSE <br /> <br />The Participant acknowledges its approval, as to form and content, of <br />Equipment Note I and all documents related thereto, copies of which have been <br />furnished to the Participant. Neither the Originator nor the Participant (i) shall be <br />liable or responsible for representations or warranties made by, or for obligations <br />binding upon or assumed by, the Borrower or anyone else; (ii) makes any <br />representation or warranty as to the genuineness; legality, validity; perfection; <br />priority, enforceability, sufficiency or collectability of Equipment Loan lor any other <br />agreement made or instrument, document or writing issued thereunder, in <br />connection therewith or as a result thereof; (iii) makes any representation or <br />warranty as to the Borrower, as to any finandal statements or collateral reports <br />submitted by or for the Borrower or as to any risk of loss with respect to this <br />transaction or as to any matter whatsoever, except only that the Originator warrants <br />to the Participant that it has good title to the Participations acquired by the <br />Participant hereunder; or (iv) shall have any right of recourse against any other <br />party hereto, except as specifically provided in this Agreement. The Originator does <br />represent and warrant that a copy of Equipment Note I attached as Exhibit A is a true <br />and correct copy of the executed original thereof. Notwithstanding the foregoing, <br />the Originator does not guarantee or make any representation as to the accuracy or <br />adequacy of information received from it by the Borrower that the Originator has <br />made available to the Participant. <br /> <br />XIII. <br />BINDING EFFECT; GOVERNING LAW AND <br />PRINCIPLES OF CONSTRUCTION; COUNTERPARTS <br /> <br />This Agreement shall be binding upon and shall inure to the benefit of <br />the parties hereto and their respective legal representatives, successors and assigns <br />and shall be governed by and interpreted in accordance with the law of the State of <br />Minnesota, without giving effect to conflict of laws principles thereof. This <br />Agreement constitutes the entire agreement, and supersedes all prior agreements <br />and understandings, both written and oral, between the parties with respect to the <br />subject matter hereof. Specifically, there is no understanding that the Originator <br />will reacquire any or all Participations. The captions and headings in this <br />Agreement are for convenience only and in no way define, limit or describe the <br />scope or intent of any provisions or sections of this Agreement. This Agreement is <br />solely for the benefit of the Originator and the Participant and no ot~er person shall <br />be entitled to rely upon or enforce the provisions hereof or to raise as a defense the <br />failure of the Originator or the Participant to comply with any of the provisions <br />hereof. This Agreement may be executed in any number of counterparts, and by the <br />parties hereto on separate counterparts, each of which, when so executed, shall be an <br /> <br />-9- <br />
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