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WESTVIEW HOUSE L (3).P
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WESTVIEW HOUSE L (3).P
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Last modified
7/6/2022 11:57:00 AM
Creation date
7/6/2022 11:54:11 AM
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Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-085
Agency
Community Development
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approval of the City. <br />Developer shall give tenants of all PBV Restricted Units written notice at least sixty (60) <br />days prior to any rent increase. <br />7.8. Reserved. <br />Section 8. RESERVED. <br />Section 9. GENERAL PROVISIONS AND WARRANTIES <br />9.1. As a material inducement to City to enter into this Agreement, Developer <br />represents and warrants as follows, which representations and warranties are made solely <br />by Developer and not by or on behalf of any partner of Developer: Formation, Qualification <br />and Compliance. Westview Mercy House CHDO LLC, the managing general partner of <br />Developer: (a) is a limited liability company, validly existing and in good standing under <br />the laws of the State of California; (b) has all requisite authority to conduct its business and <br />own and lease its properties; and, (c) is qualified and in good standing in every jurisdiction <br />in which the nature of its business makes qualification necessary or where failure to qualify <br />could have a material adverse effect on its financial condition or the performance of its <br />obligations under the Loan Documents. Developer is in compliance with all laws <br />applicable to its business and has obtained all approvals, licenses, exemptions and other <br />authorizations from, and has accomplished all filings, registrations and qualifications with, <br />any Governmental Authority that are necessary for the transaction of its business. <br />9.2. Execution and Performance of Loan Documents. <br />(a) Developer has all requisite authority to execute and perform its <br />obligations under the Loan Documents. <br />(b) The execution and delivery of Developer of, and the performance <br />by Developer of its obligations under, each Loan Document has been authorized by all <br />necessary action and does not and will not: <br />(i) require any consent or approval not heretofore obtained of <br />any person having any interest in Developer; <br />(ii) violate any provision of, or require any consent or approval <br />not heretofore obtained under, any articles of incorporation, by-laws or other governing <br />document applicable to Developer; <br />(iii) result in or require the creation of any lien, claim, charge or <br />other right of others of any kind (other than under the City Loan Documents) on or with <br />respect to any property now or hereafter owned or leased by Developer; <br />(iv) violate any provision of any law presently in effect; or <br />19 <br />Westview I -louse <br />City Rental Rehabilitation Program Loan Agreement <br />
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