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1985-007
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INDUSTRIAL DEVELOPMENT AUTHORITY
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1985-007
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Last modified
1/3/2012 12:19:48 PM
Creation date
1/13/2006 9:43:26 AM
Metadata
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City Clerk
Doc Type
Resolution
Doc #
IDA 1985-007
Date
2/19/1985
Destruction Year
PERM
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<br />, <br />L <br /> <br />L <br /> <br />-4- <br /> <br />into and abide by all the terms and conditions of a Guaranty <br />Agreement in favor of FNBB dated as of the date of this <br />Acquisition and Amendment Agreement and appearing as Exhibit <br />2 attached hereto. <br /> <br />PROVISIONS NOT AMENDED <br /> <br />All provisions of the Indenture of Trust and the Loan <br />Agreement not specifically amended herein remain unchanged <br />and in full force and effect. <br /> <br />ACQUISITION <br /> <br />Guarantor and Chase Lincoln hereby <br />to FNBB that, as of and including <br />following amounts are outstanding <br /> <br />The Company, the <br />represent and warrant <br />November 29, 1985, the <br />under the Bonds: <br /> <br />Principal indebtedness <br />Interest accruing from September 1, 1985 <br />to and including November 28, 1985 <br />and to be payable on December 1, 1985 <br />Interest due and owing under the Bonds <br /> <br />$ 2,850,000.00 <br /> <br />$ 46,854.79 <br />0.00 <br />$ 2,896,854.79 <br /> <br />. <br /> <br />The Company and the Guarantor further represent and <br />warrant to FNBB that no Default or Event of Default, as set <br />forth in the Indenture and the Loan Agreement, has occurred <br />and is continuing as of October 25, 1985. Chase Lincoln <br />warrants to FNBB that as of October 25, 1985 it has not <br />notified the Company, the Guarantor, the Trustee or the <br />Issuer of, nor is it aware of the existence of, any Default <br />or Event of Default, as set forth in the Indenture and the <br />Loan Agreement. <br /> <br />In reliance on the representations and warranties set <br />forth above, FNBB will purchase the Bonds from Chase Lincoln <br />on November 29, 1985 for a sale price of $2,896,854.79. If <br />the clos ing occurs after November 29, 1985, interest in the <br />amount of $526.46 for each day thereafter up to and <br />including the last day prior to the closing date will be <br />added to the sale price. <br /> <br />This Acquisition and Amendment Agreement may be <br />executed in any number of counterparts and by different <br />parties hereto in separate counterparts, each of which when <br />so executed shall be deemed to be an original and all of <br />which taken together shall constitute one and the same <br />agreement. <br />
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