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City of Lakewood
<br />De, current of Planning & Development
<br />12650 Detroit Avenue
<br />Iakewood,0h1o44107
<br />Attn. Dru SRey, Director
<br />With a copy to:
<br />Cdyoftakewood
<br />Departmentief Law
<br />12650Detroit Avenue
<br />Lakewood, Ohio 44101
<br />Attn. Law Director
<br />Ifto the Borrowers:
<br />Green Wave Services 11, Ltd.
<br />CIO Roundstone Management, Ltd.
<br />Attn: Michael A. Schwager
<br />21881 Clemens Road, SUae 1 —_
<br />Westlake, Ohio " HIS
<br />sMion7.04 Survaalof Reoresentatlom.nd
<br />All agreement
<br />with the Loan or the
<br />,.rime infuli force
<br />Section 7.05. Succes
<br />This rig eemd
<br />When used becalm, t
<br />retgnees of any mBg
<br />the lonjeR. _
<br />and
<br />shall
<br />Warranties
<br />narounfies made by Borrower and City in comedbr,
<br />arrive the delivery of the Loan Documents and shall
<br />aral ASSienments
<br />II be b rid rig upon and shall mare to the benefit of Borrower and the Gty.
<br />terms aeorrower and "GM shall ialude any successors and permitted
<br />esignatedby either party to carry out the obligations of the party regarding
<br />SMIOn7.06 Counfewads
<br />This Agreement may be executed in any number of coerimprs, each of which shall be,
<br />deemed an original, but all ofwhich together shall constitute one and the same instrument. Facsimile
<br />signatures shall be deemed valid as original agostures.
<br />SMion7.07 ProhNition Aminrt ASS'ens
<br />Borrowers shun remain primarily liable for all obligations, terms, conditions and covenants
<br />stated herein. Borrowed shall net ass but, delegate, or transfer any or all of RS rights or obligations
<br />under the Loan Documents without obtaining the prior written approval of the City,whkh permission
<br />shall not be unreasonably withheld; provided, however, that H the City approves such assignment or
<br />Page 13 of 24
<br />IN WITNESS WHEREOF, after due authorization, the parties have each caused this Loan Agreement to
<br />be duly executed as of the date written above.
<br />Approved as to Legal Form
<br />Law Department
<br />Ott OFLAXEWOOD,OHIO
<br />By.
<br />Michael P. Summers, Mayor
<br />Address: ,r 12650DeGOlt AVen e
<br />aakewod, Ohio491W
<br />GREEN WAVE SERVICES N, LTD.
<br />BT —
<br />Mkb alSChroder, President
<br />MANAGEMENT, LTD.
<br />By.
<br />Michael Schroeder, President
<br />Daimler, then Borrowers and /or the permitted assignees shall be bound by the terms and conditions
<br />ofthe Agreement. together with Loan Documents.
<br />SecDon7.O3 Compliance, With Federal, State nd Local Laand R I ti
<br />Borrowers and its subsidiaries, d any, shall comply with all applicable federal bras and
<br />regulations thereunder, execvYrve orders and drculars, governing the receipt, expenditure, and use of
<br />the Funds. Borrowers agrees that In carrying out the Project, B, or its contractor, shall comply with all
<br />applicable housin=g, burl in& and public health Codes and any laws, ordinances, regulations,
<br />administrative wrings, ad formal policies of the Guy pertaining Lathe Project.
<br />Secllon).09 Saywrabili
<br />In the event that any provisions of the Lc
<br />null and end, Invalid, or Riegal, or is herd for any
<br />jurisdiction, the remainder of each of the Loan
<br />shall not be N any way affected, impaired, r
<br />Conditions, and agreemeNS contained In the
<br />separate. ...
<br />SMion7.10 Choiceoftaw
<br />This Loan Agreement sluff be deemed Is
<br />of Ohio, and the rights and- obligations of the p.
<br />With, ad governed by, ifu laws of the State of 0
<br />Section 7.11 Term of Aereemebl-
<br />This Loan Agreement hall rein on In full
<br />of the Nate aMdhe release cf hArtg ge is recon
<br />STATE OF OHIO )
<br />SS:
<br />CAUNtt OF CUYAHOGA j
<br />unenforceable, by a court of competent
<br />shall remain in roll force and effect and
<br />d by those pr Visions. NI covenants,
<br />merits are deemed and agreed to be
<br />executed "aid delivered within the State
<br />e <onstmad and enforced In accordance
<br />regard to pnicafples of wnflicts of Wws.
<br />and effed until the saHSfadion or ra ncellation
<br />app ®aaaaaa
<br />On this day of
<br />a Notary Park duly
<br />aforesaid to take acknowledgments, persona
<br />to be Mayor of the City OF LAKEWOOD, an
<br />that be did sign the imaging Instrument am
<br />free an and deed of said CITY OF LAKEWOOD
<br />IN WITNESS WHEREOF. I have
<br />Page 14 of 24
<br />- 2016, BEFORE ME,
<br />In and for said County anal State
<br />Michael P. Summers, to me known
<br />ul corporation, who ado- weladgad
<br />meals his free ad ad dead aed the
<br />set my hand and affix my official seal at
<br />On this _ day of 2016, BEFORE ME,
<br />Address: 27887 Clemens Road :a Notary Public duly authorized In and for said County and State,
<br />We5tiake,01ma"145 personally appeared Michael SchowleR President of Green Wave Services II, Ltd. and
<br />President of Roudsteme Management, Ltd. who acknowledged Roche did sgn the foregoing
<br />fnstmment ad that the same is his free ad and deed and the free ad ad deed of Green
<br />Wave Services II, Ltd. and Roundstone Management, Ltd.
<br />IN WITNESS WHEREOF, I have hereunto act my hand and aK my official seal at
<br />Ojakithft ddyof 2016.
<br />Narary Public
<br />Page 15 of 24 Pege 16 of 24
<br />—Ns
<br />J
<br />u: ,
<br />A )
<br />Page 14 of 24
<br />- 2016, BEFORE ME,
<br />In and for said County anal State
<br />Michael P. Summers, to me known
<br />ul corporation, who ado- weladgad
<br />meals his free ad ad dead aed the
<br />set my hand and affix my official seal at
<br />On this _ day of 2016, BEFORE ME,
<br />Address: 27887 Clemens Road :a Notary Public duly authorized In and for said County and State,
<br />We5tiake,01ma"145 personally appeared Michael SchowleR President of Green Wave Services II, Ltd. and
<br />President of Roudsteme Management, Ltd. who acknowledged Roche did sgn the foregoing
<br />fnstmment ad that the same is his free ad and deed and the free ad ad deed of Green
<br />Wave Services II, Ltd. and Roundstone Management, Ltd.
<br />IN WITNESS WHEREOF, I have hereunto act my hand and aK my official seal at
<br />Ojakithft ddyof 2016.
<br />Narary Public
<br />Page 15 of 24 Pege 16 of 24
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