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2021-35 - Loan for historic preservation of St. James School
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2021-35 - Loan for historic preservation of St. James School
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9/9/2021 4:06:37 PM
Creation date
9/9/2021 3:05:37 PM
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Office Of Council
Document Type
Resolutions
Number
2021-35
Date Adopted
9/7/2021
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Borrower and the City hereby expressly reserve all rights to amend or to consent to, or waive, <br />departure from any provisions of the Loan Documents and to release or otherwise deal with any collateral <br />security for the payment of the Note; provided, however, that the Borrower must receive the prior written <br />approval of the City and that all such amendments shall be in writing and executed by Borrower and the <br />city. <br />Section 7.03 Notices and Communications <br />All notices, consents, requests, demands and other communications required hereunder shall be in <br />writing and shall be deemed to have been duly given to a party hereto if mailed as follows: <br />If to the City, by certified mail, prepaid, at: <br />City of Lakewood <br />Department of Planning & Development <br />12650 Detroit Avenue <br />Lakewood, Ohio 44107 <br />Attn. Planning & Development Director <br />With a copy to: <br />City of Lakewood <br />Department of Law <br />12650 Detroit Avenue <br />Lakewood, Ohio 4410 <br />Attn. Law Director <br />If to the Borrower: <br />STJS Holdings, LLC <br />13 87 Mathews Avenue <br />L�evood,hza 44:107 <br />.: <br />Attention: Alexisr or S <br />Section 7.0 <br />All agreem <br />Loan or the Loan D <br />force and effect so 1 <br />nd Warranties <br />is, and warranties made by Borrower and City in connection with the <br />rvive the delivery of the Loan Documents and shall continue in full <br />outstanding. <br />Section 7.05 Successors an Assignments <br />This Agreement shall be binding upon and shall inure to the benefit of Borrower and the City. <br />When used herein, the terms "Borrower" and "City" shall include any successors and permitted assignees <br />or any entity designated by either party to carry out the obligations of the party regarding the Project. <br />Section 7.06 Counterparts <br />This Agreement may be executed in any number of counterparts, each of which shall be deemed an <br />original, but all of which together shall constitute one and the same instrument. <br />Page 11 of 30 <br />
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