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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (3).
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A (3).
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7/8/2014 4:59:15 PM
Creation date
7/8/2014 4:51:26 PM
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Contracts
Company Name
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
Contract #
A-2014-133-B
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
6/3/2014
Destruction Year
0
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(b) Notification of Assignees. The City will transmit copies of all notices, orders, or <br />statements received from any governmental entity concerning violations or asserted violations <br />of Applicable Environmental Laws with respect to the Property and any operations conducted <br />thereon or any conditions existing thereon to the Assignees, and the City will notify the <br />Assignees in writing immediately of any release -discharge, spill, or deposit of any Hazardous <br />Substance that has occurred or is occurring that in any way affects or threatens to affect the <br />Property, or the people, structures, or other property thereon, provided that no such <br />notification shall create any liability or obligation on the part of the Assignees. <br />(c) Access for Inspection. The City will permit the Assignees, its agents, or any experts <br />designated by the Assignees to have full access to the Property during reasonable business <br />hours for purposes of such independent investigation of compliance with all Applicable <br />Environmental Laws, provided that the Assignees has no obligation to do so, or any liability <br />for any failure to do so, or any liability should it do so. <br />Section 5.13. City Consent to Assignment Agreement. The Authority's rights under this <br />Lease Agreement (excluding the right to receive notices, the right to reimbursement of costs <br />and to indemnification), including the right to receive and enforce payment of the Lease <br />Payments, and the Site and Facility Lease, are being assigned to the Assignees pursuant to the <br />Assignment Agreement. The City hereby consents to such assignment and to any additional <br />assignment of such rights by the Assignees or its assignees. The City agrees to execute all <br />documents, including notices of assignment and chattel mortgages or financing statements, <br />which may be reasonably requested by the Assignees or its assignees to protect their interests <br />in the Property and in this Lease Agreement. <br />-20- <br />
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