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6.B. - Page 169 of 177 <br />If to Subordinate Lender: City Manager <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />And a copy to: City Attorney <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Any party may, by notice given pursuant to this Section, change the person or persons <br />and/or address or addresses, or designate an additional person or persons or an additional address <br />or addresses for its notices, but notice of a change of address shall only be effective upon receipt. <br />12. General. <br />(a) Assignment/Successors. This Agreement shall be binding upon the <br />Borrower, the Senior Lender and the Subordinate Lender and shall inure to the benefit of the <br />respective legal successors and assigns of the Senior Lender and the Subordinate Lender. <br />(b) No Partnership or Joint Venture. The Senior Lender's permission for <br />the placement of the Subordinate Loan Documents does not constitute the Senior Lender as a <br />joint venturer or partner of the Subordinate Lender. Neither party hereto shall hold itself out as a <br />partner, agent or Affiliate of the other party hereto. <br />(c) Senior Lender's and Subordinate Lender's Consent. Wherever the <br />Senior Lender's consent or approval is required by any provision of this Agreement, such <br />consent or approval may be granted or denied by the Senior Lender in its sole and absolute <br />discretion, unless otherwise expressly provided in this Agreement. Wherever the Subordinate <br />Lender's consent or approval is required by any provision of this Agreement, such consent or <br />approval may be granted or denied by the Subordinate Lender in its sole and absolute discretion, <br />unless otherwise expressly provided in this Agreement. <br />(d) Further Assurances. The Subordinate Lender, the Senior Lender and the <br />Borrower each agree, at the Borrower's expense, to execute and deliver all additional instruments <br />and/or documents reasonably required by any other party to this Agreement in order to evidence <br />that the Subordinate Security Instrument is subordinate to the lien, covenants and conditions of <br />the Senior, or to further evidence the intent of this Agreement. <br />(e) Amendment. This Agreement shall not be amended except by written <br />instrument signed by all parties hereto. <br />(f) Governing Law. This Agreement shall be governed by the laws of the <br />State in which the Property is located, without giving effect to any choice of law provisions <br />thereof that would result in the application of the laws of another jurisdiction. Senior Lender, <br />Subordinate Lender and Borrower agree that any controversy arising under or in relation to this <br />Security Instrument shall be litigated exclusively in the jurisdiction in which the Property is <br />REV: 06-24-2020 PR <br />ATTY/AGR.2020.105/353 Main Street Apartments, LP & Citibank, N.A. (Page 13 of 18) 198 <br />