My WebLink
|
Help
|
About
|
Sign Out
Home
res_7375
Roseville
>
City Council
>
City Council Resolutions
>
07xxx
>
7300
>
res_7375
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 9:16:27 AM
Creation date
4/25/2005 12:12:24 PM
Metadata
Fields
Template:
Roseville City Council
Document Type
Council Resolutions
Resolution #
7375
Resolution Title
Final Note Resolution; Commercial Development Revenue Note of 1982, Series A and Series B (Heco, Inc. Project)
Resolution Date Passed
7/12/1982
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
37
PDF
Show annotations
View images
View plain text
<br />11. It is agreed that time is of the essence of this <br />Note. If the City defaults in the payment when due of any <br />installment of principal or interest or any premium or penalty <br />due hereunder and if said default shall have continued for a <br />period of ten (10) days, or if an Event of Default shall occur <br />as set forth in the Mortgage, the Construction Loan Agreement <br />or the Loan Agreement, then the Holder shall have the right and <br />option to declare the Principal Balance, and accrued interest <br />thereon, together with the premium specified in paragraph 8 <br />hereof, immediately due and payable but solely from the sources <br />specified in paragraph 10 hereof. Failure to exercise such <br />option at any time shall not constitute a waiver of the right <br />to exercise the same at any subsequent time. <br /> <br />12. The remedies of the Holder, as provided herein <br />and in the Mortgage, the Assignment of Rents and Leases, the <br />Guaranty, the Loan Agreement and the Construction Loan <br />Agreement, are not exclusive and shall be cumulative and <br />concurrent and may be pursued singly, successively or together, <br />at the sole discretion of the Holder, and may be exercised as <br />often as occasion therefor shall occur; and the failure to <br />exercise any such right or remedy shall in no event be <br />construed as a waiver or release thereof. <br /> <br />13. The Holder shall not be deemed, by any act of <br />omission or commission, to have waived any of its rights or <br />remedies hereunder unless such waiver is in writing and signed <br />by the Holder, and then only to the extent specifically set <br />forth in the writing. A waiver with reference to one event <br />shall not be construed as continuing or as a bar to or waiver <br />of any right or remedy as to a subsequent event. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that all condi- <br />tions, acts and things required to exist, happen and be perform- <br />ed precedent to or in the issuance of this Note do exist, have <br />happened and have been performed in regular and due form as <br />required by law. <br /> <br />15 <br />
The URL can be used to link to this page
Your browser does not support the video tag.
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).