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DEPOT AT SANTIAGO, LP
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Last modified
6/20/2018 1:19:56 PM
Creation date
6/19/2018 4:07:11 PM
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Contracts
Company Name
DEPOT AT SANTIAGO, LP
Contract #
A-2013-072-02
Agency
COMMUNITY DEVELOPMENT
Destruction Year
0
Notes
A-2013-072
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1.6 Section 11.33 of the Loan Agreement is hereby amended and <br />restated in its entirety and replaced with the following: <br />"11.33 USA PATRIOT ACT; KYC Notice. Lender hereby notifies <br />Borrower that pursuant to the requirements of the USA PATRIOT Act (Title II of Pub. L. <br />107-56 (signed into law October 26, 200 1)) (the `PATRIOT Act'), it is required to obtain, <br />verify and record information that identifies Borrower, which information includes the <br />name and address of Borrower and other information that will allow Lender to identify <br />Borrower in accordance with the Act. Borrower shall, promptly following a request by <br />Lender, provide all documentation and other information that Lender requests in order to <br />comply with its ingoing obligations under applicable `know your customer' and anti - <br />money laundering rules and regulations, including the Act." <br />2. Conforming Amendments. Each reference in the Deed of Trust and in <br />each of the other Loan Documents to the "Note" shall hereafter mean the Note as <br />amended by the First Amendment to Note. Each reference to the Deed of Trust set forth <br />in any Loan Document shall hereafter mean the Deed of Trust as amended by this <br />Amendment. This Amendment and the First Amendment to Note shall, in each case, be a <br />"Loan Document" as such term is used in the Loan Agreement. <br />3. No Other Amendment. As expressly modified hereby, the Deed of Trust <br />and the Loan Agreement each remain in full force and effect. <br />4. Conditions Precedent. This Amendment will not be or become effective <br />unless, on or before June 15, 2018 (or such later date as Beneficiary may elect by written <br />notice to Trustor) the following conditions precedent (collectively, the "Conditions <br />Precedent") are satisfied: (a) this Amendment and the First Amendment to Note are, in <br />each case, fully executed and delivered to Beneficiary; (b) each General Partner consents <br />to this Amendment, the First Amendment to Note, and the First Amendment to Loan <br />Purchase Agreement (collectively, the "Amendment Documents") and the terms and <br />provisions set forth in each such document by executing the General Partners' Consent <br />and Waiver attached hereto; (c) each Guarantor consents to the Amendment Documents <br />and the terms and provisions set forth herein by executing the Guarantors' Consent <br />attached hereto; (d) Subordinate Lenders shall each consent to the Amendment <br />Documents and the terms and provisions set forth herein by executing the applicable <br />Subordinate Lender Consent attached hereto; (e) CCRC shall consent in writing, in a <br />form and substance acceptable to Beneficiary, to the Amendment Documents and the <br />terms and provisions set forth herein, and the "Termination Date" under the Loan <br />Purchase Agreement shall have been extended to a date no earlier than December 1, 2018 <br />on terms and conditions approved by Beneficiary; (f) Investor Limited Partner shall <br />consent to the Amendment Documents and the terms and provisions set forth herein by <br />executing the Limited Partner's Consent and Waiver attached hereto; (g) Beneficiary has <br />confirmed in writing that the conditions to the extension of the Construction Loan <br />Maturity Date set forth in Section 2.9 of the Loan Agreement have been satisfied, <br />-3- <br />4838-5699-1071v.5 4900000-001785 <br />
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