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�o��osg�� <br />20 Q4i2�47 <br />City af Grand Island <br />:�tm: Vlayor <br />P.O. Bax 196� <br />100 East First Street <br />Grand Island, V E 68802-196$ <br />m3�ur•:� .•�:�i��1-��,aiiu.com <br />Fonner Park Exposician and Events Cznter, Inc. <br />�tm: Registered �gent <br />P.(?. Box -i90 <br />?00 East Stolley Park Road <br />Grand Island, �JE 68802 <br />fonnerparkC aoLcom <br />35. :�SSIGYV[EYT. The Citv agrees that it wiil nac assi� its rights under tlus <br />:�greement prior to the Commencement Date and thaz thereafter it sha11 not ;issi�n its ri�hts so <br />long as any of the Building Bonds remain outstandi.ng. The Ciry 3cknowledges a,nd agees that <br />Hearcland shall assi�n the ri.��ht to receive basic rent to the T'rustee in order to pravide for rhe <br />payments of principal and interest on the Building Bonds. Such assigrunent shall be absolute and <br />unconditianal. Heartland may assign any other of its rishts under this �3greement and any related <br />documents to another nonprofit corporation which is also an or�anization zxernpt &om fedecal <br />ineome taxaaon under Section �Ol(a} and Section 301(c)(3) af the Code only upon approvai of the <br />assi�nment by the City and the Trustee. Nfl such assign�nent by any party shall relieve the <br />assignor of any of its duties and responsibilities under this A� or any relaxed documents <br />and che assi�nor shail remain primarily responsible and as fully bound as thou,�h no assignment <br />had been made. Performance by an assignee shall be considered as per#ormance pro tanto by the <br />assi�or. Cansent to any propesed assigunent pemnitted under the terms of this Paragraph ?5. bv <br />a party shall not be unreasanably withheld by the other party or the Trustee. <br />The parties cov�nant that neither will ma.ke an assignment of any interest in the Project <br />which would hav� the effect of c�using the interest on the Building Bonds to be includa�le in <br />�oss income under the Code. <br />?6. SUBLE�►SES. Except to the extent that parts of tlie FrojecC are use@ by e:chibi- <br />tors, licensees, concessionaires and users of the Project under the management contract with <br />HeartIand in the ordinary course of business of the operarion of ttie Project, the Ciry covenants <br />that it will not sublet any part of the Project without approval of the sublease by Heartland and <br />the Trustee; provi�.ed, that no such sublease sha1l reiieve either party of any of its duties and <br />responsibilities under this Agreement or associated documeats and the Ciry shaU remain primar- <br />ily responsible and fully bound as thou�h no sublease had beea made, pravided that in na event <br />shalt basic rent due hereunder be payable from any source other than genet�l taxes as provided 'ut <br />Paragraptt 9. of this ,��eement. Consent ta any proposed sublease permitted under the t�rms of <br />chis Paragraph ?6. by the City shall not be unreasonably withheld by Hearttand or the Trustee. <br />The City covenants that it will not make any sublease uf any part of the Project which would <br />have the effect of causing the interest on the Buildin� Bonds to be includabte in �oss income <br />under the Cude. <br />37. CC�YDEtiINaTION OF PROJECT. Durin� the term of this Agzeement, if any <br />part of the Project sliall be taken by esercise of the ri,Qht of eminent domain by any entiry having <br />such authority under federa.t or state law. and if in the mutual opinion of the Ciry and Heartland, <br />uciliz�tion uf the Project is noc imgaired by sueh taking, neither the terms �f this :��eement or <br />the duties or responsibilities of the parties, individually ur jointly, sha11 be reduced or affected in <br />� <br />