FULL AGENDA_2018-12-18 (2) - Laserfiche WebLink

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EXHIBIT 1 amendment upon the Tax -Exempt status of interest on the Bonds. This provision shall not be subject to any provision of any other agreement requiring any party hereto to obtain the consent of any other person in order to amend this Regulatory Agreement. (c) Any waiver of, or consent to, any condition under this Regulatory Agreement must be expressly made in writing. Section 20. Notice. All notices, certificates or other communications shall be sufficiently given and (except for notices to the Trustee, which shall be deemed given only when actually received by the Trustee) shall be deemed given on the date personally delivered or on the second day following the date on which the same have been mailed by first class mail, postage prepaid, addressed as follows: Issuer: Housing Authority of the City of Santa Ana 20 Civic Center Plaza, M-37 Santa Ana, California 92701 Attn: Executive Director Borrower: LINC—Bristol Associates I c/o LINC Community Development Corporation 110 Pine Avenue, Suite 500 Long Beach, California 90802 Attn: President Lender: Red Mortgage Capital, LLC 1717 Main Street, Suite 900 Dallas, Texas 75201 Attn: Loan Servicing Any of the foregoing parties may, by notice given hereunder, designate any further or different addresses to which subsequent notices, certificates, documents or other communications shall be sent. A copy of any notice provided by the Issuer or the Trustee to the Borrower hereunder shall be provided by the Issuer or the Trustee, as applicable, to the Lender, as such term is defined and at the address for such entity described in the Indenture. Section 21. Severability. If any provision of this Regulatory Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining portions hereof shall not in any way be affected or impaired thereby. Section 22. Multiple Counterparts. This Regulatory Agreement may be executed in multiple counterparts, all of which shall constitute one and the same instrument, and each of which shall be deemed to be an original. Section 23. No Trustee. As of the date hereof, there are no Bonds outstanding with respect to the Project, there is no Indenture, there is no trust estate, and there is no Trustee. As a result, and in accordance with the terms of the Indenture and the Original Regulatory Agreement, the Trustee shall no longer have any duties or responsibilities under this Regulatory Agreement and all references to the Trustee in this Regulatory Agreement shall be deemed references to the Issuer. 19 4-23