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Agmt04 cinema - closing docs
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Agmt04 cinema - closing docs
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Last modified
7/5/2005 2:27:38 PM
Creation date
12/6/2004 9:14:09 AM
Metadata
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Template:
Agreement
Contractor Name
numerous files
PROJECT NAME
Cinema - closing documents from escrow
RMP File Number
100 bin 24
Date
11/29/2004
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<br /> (m) Developer has timely performed all obligations to be performed by <br />Developer under the Construction Agreement as of or prior to the date of this Agreement. <br /> (n) To the best of Agency's and City's knowledge, none of the events of <br />termination described in Section 807 or in Section 809 of the DDA has occurred and is <br />continuing as of the date of this Agreement, or if any such event of termination has occurred and <br />is continuing as of the date of this Agreement, Developer, Agency or City, as applicable, has <br />waived its right to terminate the DDA by reason of such occurrence of such event of termination. <br /> (0) None of the events oftermination described in Section 808 of the DDA <br />has occurred and is continuing as of the date of this Agreement, or if any such event of <br />termination has occurred and is continuing as of the date of this Agreement, Agency or City, as <br />applicable, has waived its right to terminate the DDA by reason of such occurrence of such event <br />of termination. <br />4. Developer Representations. Warranties and Certifications. Developer hereby <br />represents, warrants and certifies to Lender as follows: <br /> (a) Developer has full power and authority to execute and deliver this <br />Agreement, the DDA, the Construction Agreement and all documents and instruments to be <br />executed and delivered by Developer pursuant thereto and to perform its obligations hereunder <br />and thereunder. <br /> (b) This Agreement, the DDA, the Construction Agreement and all documents <br />and instruments to be executed and delivered by Developer pursuant thereto have been duly and <br />validly authorized by Developer, duly executed and delivered by Developer and constitute the <br />legal, valid and binding obligations of Developer, enforceable against Developer in accordance <br />with their respective terms. <br /> (c) The DDA is in full force and effect, and has not been modified, amended, <br />altered, supplemented or terminated, except as otherwise provided in this Agreement. <br /> (d) There are no breaches or defaults by Developer, or to the best of its <br />knowledge, by Agency or City, under the DDA or the Construction Agreement, and no events or <br />conditions have occurred which, with the giving of notice or the passage of time, or both, would <br />constitute such a breach or default by Thveloper, or, to the best of its knowledge, by Agency or <br />City under the DDA or the Construction Agreement. <br /> (e) Developer has not previously assigned, transferred or conveyed any of <br />Developer's right, title or interest under the DDA or the Construction Agreement for security <br />purposes or otherwise. <br /> (t) The conditions to Developer's obligations contained in Section 402(B) of <br />the DDA have satisfied or have been waived in writing by Developer, and, to the best of <br />Developer's knowledge, all conditions to Agency's and City's obligations contained in Section <br />402(A) of the DDA have been satisfied or have been waived by Agency and City. <br /> - 4- <br /> . -..,......-.... <br />
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