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3 - LOAN AGREEMENT FOR AMCAL_2018-01-16
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3 - LOAN AGREEMENT FOR AMCAL_2018-01-16
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8/1/2018 9:24:34 AM
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City Clerk
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Community Development
Item #
3
Date
1/16/2018
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<br />43 <br /> <br /> <br />21.7 Governing Law. All of the Loan Documents shall be governed by, and <br />construed and enforced in accordance with, the laws of the State of California and <br />Federal law, whichever is more stringent. Developer irrevocably and unconditionally <br />submits to the jurisdiction of the Superior Court of the State of California for the County <br />of Orange or the United States District Court of the Central District of California, as <br />Agency may deem appropriate, in connection with any legal action or proceeding arising <br />out of or relating to this Agreement or the Loan Documents. Assuming proper service of <br />process, Developer also waives any objection regarding personal or in rem jurisdiction or <br />venue. <br /> <br />21.8 Severability of Provisions. No provision of any Loan Document that is <br />held to be unenforceable or invalid shall affect the remaining provisions, and to this end <br />all provisions of the Loan Documents are hereby declared to be severable. <br /> <br />21.9 Headings. Article and section headings are included in the Loan <br />Documents for convenience of reference only and shall not be used in construing the <br />Loan Documents. <br /> <br />21.10 Conflicts. In the event of any conflict between the provisions of this <br />Agreement and those of any other Loan Document, this Agreement, unless otherwise <br />expressly provided, shall prevail; provided however that, with respect to any matter <br />addressed in both such documents, the fact that one document provides for greater, lesser <br />or different rights or obligations than the other shall not be deemed a conflict unless the <br />applicable provisions are inconsistent and could not be simultaneously enforced or <br />performed. <br /> <br />21.11 Time of the Essence. Time is of the essence under this Agreement and in <br />the performance of every term, covenant, and obligation contained herein. <br /> <br />21.12 Conflict of Interest. No member, elected official or employee of the <br />Agency shall have any direct or indirect interest in this Agreement, nor participate in any <br />decision relating to the Agreement which is prohibited by law. <br /> <br />21.13 Warranty against Payment of Consideration. Developer warrants that <br />it has not paid or given, and will not pay or give, any third person any money or other <br />consideration for obtaining this Agreement. <br /> <br />21.14 [Reserved] <br /> <br />21.15 Plans and Data. Where Developer does not proceed with the work and <br />construction of the Project, and when this Agreement is terminated with respect thereto <br />for any reason, Developer shall deliver to Agency any and all plans and data concerning <br />the Property, and Agency or any person or entity designated by Agency shall have the <br />right to use such plans and data without compensation to Developer. Such right of <br />Agency shall be subject to any right of the preparer of the plans to their use. <br /> <br />EXHIBIT 3 <br />3-53
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