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97110978
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Last modified
3/12/2012 8:47:38 AM
Creation date
10/19/2005 8:56:08 PM
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DEEDS
Inst Number
97110978
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.•... .-..�.. .. �.r .1. . J.. ... . ' . . <br /> .. �� . .. . � ... • . . 1 . . <br /> ��� .. � � � .� .. . �... <br /> ., .�31 `•C •. . . ��I 1.`��r.. <br /> ' ' • ' .�l•. ___ ___ <br /> - . � � " � �i.. .. <br /> . �� _ � .����. .' <br /> . . .`�'�� <br /> ( ' .. " � - . • . • :1 <br /> . ' ��r �1.�1'9"�� '',i <br /> .t:�;;_ <br /> � � �:�::: <br /> �,,,r,r.. ownership iuterest in the ProJect for federal tax purposes during the periact in wl�ich the .r�T <br /> ...- -•� restrlctians of this Agrecment are or would be in effect. -_� <br /> • -_�:.: <br /> Section I 1. No CoqJltct Wlth Other pocumtnts. The Own�r warrents that it has not �;•`;__ <br /> executed atxt wiU not execute any other agreement with pravisions contraciictory to, or in ��,�=- <br /> opposition to, the pravisions hereof and that, in any event, the cequirements of this Agreement <br /> :M1• are paramount and controlling as to the rights and obligations herein set forth and supersede any _ _ <br /> '` other requlrernents In conflict herein. _• <br /> � Section 12. Fees, Release asd Indemn�fication. The Owner agrees to pay the Authorjty - <br /> ;� . - <br /> { as an application fee a noraefundable fee, the greater of 1% of th� annual credit requestcd or _ - <br /> '` 5500. The Owner agrees to pay the Authority as a reservation/commitenent fee the greater of <br /> 2% of the annual credit amount received or $500. In addition, the Owner agrees to pay the ._ <br /> �, Authority an allocatton fee of 2% of the annual credit allocated and an annual fee equal to the <br /> greater of 2 ib of the annual credtt allocated or $500. Any extraordinary legal fees �ncurred by �.:. <br /> �� the Authority with respect to the Project wlll be paid by the Owner. The Owner hereby agrees <br /> , .f,, tv pay, indemntfy and hold the Author(ty harmless from any and aU costs, expenses and fees, <br /> including all reasonable attorneys' fees whlch may be Incuned by the Authority in Pnforcing or <br /> � attempting to enforce this Agreement, including, but not limit�d to (i) in the event that the <br />-�-- various reports arc nui su�i,�zitted as �cqt�ir�c! hereun�er �� the Authorlty conducts an on-site - <br /> � inspectton of the Owner's boak and records and (ii)following any default nn the part of the _ <br /> � Owner hereunder or its successors, whether the same shall be enforced by suit or otherwise, ^ � <br /> � together with all costs, fees and expenses whtch may be incurred in connection with any � _� <br /> amendment to this Agreement or otherwlse by the Authority at the request of the Owner ` : <br /> (includin g, but not Iimlted to, the reasonable fees anci expenses of the Authority's counsei in ;�: <br /> connection with any opinion to be rendered hereunder). The Owner agrees to release t he « <br /> ; Authority from any claim, loss. demand or}udgment as a result of the allocation of tax credtt � <br /> dvllars to the ProJect or the recapture of same by the Internal Revenue Service, and to indemnify <br /> the Authority for any claim, loss, demand ar judgment agalnst the Authortty as the result of an <br />- attocation of tax credit dollars to the Project or the recapture of same by the Internal Revemie <br /> „ Service. — <br /> �:., <br /> Scction 13. SevemMltty. The invalidity of any clause. part or provision of this = <br /> - Agreement shall not affect the validlty of the remaining portlons thereof. � <br /> - Section 14. Notices. All notices to be given pursuant to this Agreement shall be in � ;:- <br /> '� , writing and shall be dsemed given when mailed by certified or registered mail, return receipt _ <br /> requested,to the pattles hereto at the addresses set forth below, or to such other place as a party =- __._ <br /> � may from tirne to time designate tn writing: _ <br /> � Owner: to the name and address set forth on the Summary Page hereof. '�:',"•�; <br /> _�w <br /> . � .�.A t. <br /> � <br />_ � OU59592l.1 12 � <br />- - .-.� <br />-' � <br /> �-- <br /> i <br /> ._.. _. ._... -- __ <br /> - ----�..--...�. . _. _.. <br /> ..__. . _. _.. _ ..--.. <br /> ._.. _ .. ._._. <br /> __._. .. ..__ ._ <br />
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