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CORNERSTONE HOUSING PARTNERS LP (3)
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CORNERSTONE HOUSING PARTNERS LP (3)
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Last modified
4/15/2020 1:48:13 PM
Creation date
4/15/2020 1:30:57 PM
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Contracts
Company Name
CORNERSTONE HOUSING PARTNERS LP
Contract #
A-2019-168
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
9/17/2019
Destruction Year
0
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21.15 Plans and Data. As additional collateral for the Loan, Developer hereby <br />grants to the Agency a security interest in all plans and data concerning the <br />Property, subject to the rights of any Senior Lender. Such right of Agency shall <br />be subject to any right of the preparer of the plans to their use. <br />21.16 Authority to Enter Agreement. Each undersigned represents and warrants <br />that its signature hereinbelow has the power, authority and right to bind their respective <br />parties to each of the terms of this Agreement, and shall indemnify the Agency fully, <br />including reasonable costs and attorney's fees, for any injuries or damages to Agency in the <br />event that such authority or power is not, in fact, held by the signatory or is withdrawn. <br />21. 17 Agency's Acknowledgement and Consent to Sale and Assignment. The <br />Agency hereby consents to the above -described Developer Sale and the assignment and <br />assumption of Original Developer's rights and obligations under the Assignment to <br />Developer, as set forth in the Assignment. <br />36 <br />
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