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Agmt96 Flatirons Funding
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Agmt96 Flatirons Funding
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Last modified
7/12/2006 10:49:55 AM
Creation date
6/19/2006 3:01:44 PM
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Template:
Agreement
Contractor Name
Flatirons Funding
PROJECT NAME
development agreement - Electronic Arts
RMP File Number
100 Bin 2B
Date
11/7/1996
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<br />(c) <br /> <br />Flatirons shall improve the New Common Area Lots to the standards <br /> <br />required by the Architectural Review Committee of the Shores Business Center <br /> <br />Association; no other owner of a parcel or parcels encumbered by the Amended <br /> <br />Development Agreement has any obligations under the Amended Development <br /> <br />Agreement to so improve the New Common Area Lots; and the default of Flatirons <br /> <br />under the Amended Development Agreement to so improve the New Common <br /> <br />Area Lots is not a default of any other owner under the Amended Development <br /> <br />Agreement. <br /> <br />9. <br /> <br />Ratification and Confirmation of Development Agreement. <br /> <br />The Development Agreement and all covenants, agreements, terms and <br /> <br />conditions thereof not modified by the First Amendment or this Second <br /> <br />and confirmed, and the Development Agreement as amended by the First <br /> <br /> <br />Amendment remain in full force and effect and are hereby in all respects ratified <br /> <br />Amendment and this Second Amendment is in all respects ratified and confirmed. <br /> <br />10. <br /> <br />Certain Obligations Non-Recourse. <br /> <br />Flatirons' obligations hereunder are intended to be the obligations of the <br /> <br />limited partnership and of the corporations which are the managing general partner <br /> <br />and any other general partner thereof only, and no recourse for the payment of any <br /> <br />amount due under this Second Amendment or for any claim based thereon or <br /> <br />otherwise in respect thereof, shall be had against any limited partner of Flatirons or <br /> <br />any incorporator, shareholder, officer, director or affiliate, as such, past, present or <br /> <br />future of such corporate managing general partner or other general partner or of any <br /> <br />corporate limited partner or of any successor corporation to such corporate <br /> <br />-10- <br /> <br />2DAAMND8,DOC <br />
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