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Agmt00 Irvine Apartment Communi
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Agmt00 Irvine Apartment Communi
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Entry Properties
Last modified
11/20/2012 11:49:51 AM
Creation date
10/22/2002 9:23:14 AM
Metadata
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Template:
Agreement
Contractor Name
Irvine Apartment Communities
PROJECT NAME
Franklin Street project
RMP File Number
304
Date
2/15/2001
Reso Ref
RD-00-53, RD 99-30
Amendment
Yes
Box
6150
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affiliate, �i any partnership or corporation which, directly or indirectly, has a majority interest in <br /> IAC. <br /> §903 Transfers to Joint Ventures or Partnerships <br /> IAC may assign its rights under this Agreement or transfer the IAC Project Site, or any <br /> portion thereof, to one or more joint ventures or partnerships, without complying with Section <br /> 511 of this Agreement, if(i) such joint venture or partnership agrees in writing with the Agency <br /> to assume all of IAC's Obligations with respect to the portion of the IAC Project Site so <br /> assigned; (ii) IAC, or its present direct and indirect owners, owns, directly or indirectly, at least a <br /> majority interest in such joint venture or partnership; and (iii)IAC retains primary responsibility <br /> for development of the IAC Project Site. <br /> Article 10. GENERAL PROVISIONS - <br /> §1001 Intentionally Omitted <br /> §1002 Notices,Demands and Communications Between the Parties <br /> Written notices, demands and communications between the Agency and IAC shall be <br /> sufficiently given when delivered by hand, or one (1) Business Day following dispatch by <br /> overnight courier, or two (2) Business Days following dispatch by registered or certified mail, _ <br /> postage prepaid, return receipt requested,to the principal offices of the Agency and IAC as set <br /> forth in Sections 109 and 110 hereof, respectively. In addition, a duplicate copy of any notice to <br /> IAC shall also be provided to legal counsel for IAC, as follows: <br /> Marvin B. Pearlstein, Esq. <br /> Steefel, Levitt& Weiss <br /> One Embarcadero Center, 30th Floor <br /> San Francisco, CA 94111 <br /> Such written notices, demands and communications may be sent in the same manner to <br /> such other addresses as either party may from time-to-time designate by notice given as provided <br /> in this section. _ <br /> The Agency agrees that it shall provide written notice to IAC of the following events <br /> within three (3) Business Days following the occurrence of such events: <br /> (i) any default by either party under the DDA executed by Shea and <br /> the Agency (the"Shea DDA"); <br /> (ii) t�e termination in whole or in part of the Shea DDA; <br /> (iii) any material developments in the eminent domain activities with <br /> respect to the Shea Project Site; and <br /> (iv) the results of the third party written investigations and/or reports in <br /> connection with the Shea Project Site. <br /> 40 <br /> 9627:83976.25 <br /> , � . , <br />
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