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25C - AGMT LIGHTING FIXTURES CORP YARD
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09/04/2018
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25C - AGMT LIGHTING FIXTURES CORP YARD
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Last modified
8/30/2018 7:39:08 PM
Creation date
8/30/2018 7:26:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25C
Date
9/4/2018
Destruction Year
2023
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Confesslon of Judgment; Customer Irravocabij <br />attorneys, upon breach and default by Customer e <br />In any stale or federal court In Los Angeles County <br />confess Judr7ment against Customor by entry of a o <br />Procedure § 1132 OL serf„ or by any other eppr: <br />costs of collection, Including without Ilmltatlon coi <br />single exaralas of the foregoingg power to confoes I <br />whother or not any such exerolas shall be held by E <br />power will continua undiminished. and may be exer <br />Oil amounts owing under this OBF Agreement have <br />authorizes and empowers SCE and SCE's <br />described In the preceding section, to appear <br />California, as Customer's atlomVyil fact and <br />nfasslan ofJudgment purouant to pode of GNI <br />ulata means, for the full amount due plus all <br />I costs and reasonable attorneys' foss. No <br />dgment will be deemed to exhaust the power, <br />iy court to be Invalid, Wadable, or vold; but the <br />Ised from tmq to time as SCE may elect until <br />reen paid In full, <br />Modification; Any change to this OBF Agreement must be In writing and elyned by Customer and <br />SCE; except that during any given month, It Customer Is unable to make NII payment on the Loan <br />Obliggation, payment arrangements may be made at SCE's sole discretion without mods��IIno this <br />08 Agreement in writing, Any written modification cr amendment will not be effrAve unless and <br />unit signed by SCE or such condition N valved by SCE In Its sole and absolute discretion,. <br />Term and Termination It Is the Parties Intent that the term of this 0811 Agreement and the EMS <br />Agreement run concurrantiy. Therefore, the OBF Agreement shall continue In effect unit the Loan <br />Obflgatton is pard In full. <br />Aaelgnmgntr Notwithstanding anything to the contrary In this COP Agreement, Customer may <br />not assign its rights or delegate Its duties under the Agreement. <br />Additional Roprosontatlons; Each perean signing (his OBF Agreement represents and warrants <br />that he or she Is duly authorized and has the legal'rapaclty to execute and deliver this OBF <br />Agreameant on behalf of Customer, and to perform theft obligations under this OBF Agreement. <br />Customer further represents and warrants that If It is a legal entity, It is In good standing In ila'stato <br />of formation. <br />Miscellaneous: Except as otherwise speclgcally provided herein, all tonna, provisions, <br />covenants, rapresantations, warranties, agreements and conditions of the EMS •Agreoment'shall <br />remeln unchanged and In full force and effect. Should a conflict exist between tills OBF <br />Agreement shell cthe ontrol. This This OBF Ag a ment shat be ceement and the documents onstrued and Iated nterpreted In athis OBF <br />ccordance <br />with, and shall be governed and enforced In all roe acts according to, the laws of the state of <br />California. This OBF Agreement may be exeaulod In one or more counterparts, each of which <br />shag be deemed on odglnal but all of which shall constitute one and the same Instrument If any <br />one or more of the provisions contained In this CBF Agreement shall for any reason be held to be <br />Isvafld, Illegal or unenforceable in any respect, then this OBF Agreement shall be construed as If <br />such lnvelld, Illegal or unenforceable loon arpprovisicn had never been contained hardln and all <br />other provls!ans of this OBF Agrasmont shall be construed to remain fully valid enfaroeablo and <br />binding on the parties. The Recitals sat rorth above are hereby Incorporated hereln by reference. <br />[Remaloder of page Intention$/ left blank] <br />Form 14.792 <br />0512012 <br />25C-27 <br />
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