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80A - JOINT - LOAN AGMT AMCAL
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80A - JOINT - LOAN AGMT AMCAL
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Last modified
2/2/2017 4:09:44 PM
Creation date
2/2/2017 3:55:17 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
2/7/2017
Destruction Year
2022
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singular number shall include the plural, the plural shall include the singular, the neuter gender shall <br />include the masculine and feminine genders and vice versa, <br />15.6. Counterparts, This Agreement may be executed in counterparts, each of <br />which so executed shall be deemed an original, and said counterparts together shall constitute one <br />and the same document, <br />15.7. Binding Effect. This Agreement shall be binding on, and shall inure to the <br />benefit of the heirs, legal representatives, successors, and permitted assigns of each party. <br />16, Limited Partners Representations. Each Limited Partner by signing below <br />represents and warrants to the Partnership and to the Administrative General Partner that; <br />16.1. The Limited Partner has received such information about the partnership, as <br />the Limited Partner deemed necessary to evaluate this investment, and a copy of this Limited <br />Partnership Agreement, <br />16.2, That the Limited Partner is taking all of the Limited Partnership Interest (the <br />"Units ") listed after his name on Exhibit "A" for his own account and not as an agent, trustee, <br />custodian or the like for any other person or with a view to or for sale in connection with a <br />distribution thereof. Each Partner understands that the interest being purchased and sold hereunder <br />has not been registered under the Securities Act of 1933, as amended, nor qualified under the <br />California Corporate Securities Law of 1968, as amended, because the contemplated transaction <br />constitutes a private offering within the meaning of Section 4(2) of the Securities Act of 1933 and <br />Regulation D promulgated there Linder, and is exempt from qualification pursuant to Section 25102 <br />(t) of the California Corporate Securities Law of 1968, as amended. <br />16.3. That the Limited Partner is taking the Units for investment purposes only <br />and has no present intention to dispose of them to any other person. <br />16.4. That the Limited Partner has such knowledge and experience in financial <br />and business matters that he is capable of evaluating the risks of the prospective investment, <br />16.5. That the Limited. Partner is a person who is able to bear the economic risk of <br />the investment. <br />16.6. That the Limited Partner has an adjusted gross income of at least $30,000 in <br />the year he is subscribing and a net worth of at least $60,000; or a net worth of $100,000 or three <br />times the initial cash investment for the Units subscribed, whichever is greater; and <br />16.7. That the Administrative General Partner has trade available to the Limited <br />Partner the opportunity to obtain any additional information, to the extent the Administrative <br />General Partner possesses such information or can acquire without unreasonable effort or expense, <br />necessary to verify the accuracy of any information contained herein; and <br />Ynitial LP n3[eement `Junta Ana 9.1,159.1.15 <br />20 <br />80A -119 <br />
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