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201106937
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201106937
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Last modified
10/9/2011 10:52:19 PM
Creation date
9/20/2011 8:40:44 AM
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DEEDS
Inst Number
201106937
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201106937 <br />any loss, complete or partial, or intemaption in the use, occupancy or operation of the Project, or <br />anything which for any reason interferes with, prevents or renders burdensome the use of the <br />Project or the compliance by the City with the terms of the Existing Lease Purchase Agreement <br />as amended by this T'hird Addendum. In furtherance of the foregoing, but without limiting any <br />of the other provisions of the Existing Lease Purchase Agreement as amended by this Third <br />Addendum, the obligations to make the Payments shall be absolute and unconditional and the <br />City shall not be entitled to any abatement, diminution, setoff, abrogation, waiver or <br />modification of the Payments nor to any termination of the Existing Lease Purchase Agreement <br />as amended by this Third Addendum by any reason whatsoever and regardless of any rights of <br />setoff,� recoupment or counterclaixn that the City might otherwise have against the Trustee, <br />Heartland or any owner of any of the Refunding Bonds or any other party or parties and <br />regardless of any contingency, act of God, event or cause whatsoever and notwithstanding any <br />circumstance or occurrence that may arise or take place, including, without limiting the <br />generality of the foregoing, the following: <br />1) any damage to or destruction of any part or all of the Project or any <br />other properties owned or operated by the City or Heartland; <br />2) the taking of any part or a11 of the Project or any other properties <br />owned or operated by the City by any public authority or agency in the exercise of <br />the power of eminent domain or otherwise; <br />3) any assignment, novation, merger, consolidation, transfer of assets, <br />leasing or other similar transaction of or affecting the City or the Heartland or the <br />Trustee; <br />4) any failure of the Heartland to perform or observe any agreement or <br />covenant, whether express or implied, or any duty, liability or obligation, arising out <br />of or in connection with the E�sting Lease Purchase Agreement as amended by this <br />Third Addendum, the Management Contract or the Indenture or the failure by the <br />Trustee to perform or observe any agreement or covenant, whether express or <br />implied, or any duty, liability or obligation, arising out of or in connection with the <br />E�sting Lease Purchase Agreement as amended by this Third Addendum; <br />5) any change or delay in the time of availability of the Project or any <br />part thereof or delays in the construction or acquisition with respect to the Project; <br />6) the failure to complete or to maintain satisfactory progress in the <br />acquisition, construction, installation and equipping of the Project, or any part <br />thereof or improvement thereto for any cause or reason; <br />7) the enforcement by the Trustee or the Heartland of any remedy <br />available under the Existing Lease Purchase Agreement as amended by this Third <br />Addendum; <br />7 <br />
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