RecDoc 2022-011753- Regulatory Agreement

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with copy to: Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attention: City Attorney Such written notices, demands, and communications may be sent in the same manner to such other addresses as the affected party may from time to time designate by mail as provided in this Section. Receipt shall be deemed to have occurred on the date shown on a written receipt for delivery or refusal of delivery. A copy of all notices delivered to Owner hereunder shall be delivered simultaneously to the Investor Limited Partner. 6.15 'Waiver of Requirements. Any of the requirements of this Agreement may be expressly waived by the City in writing, but no waiver by the City of any requirement of this Agreement shall, or shall be deemed to, extend to or affect any other provision of this Agreement. Any extension of time granted to Owner to perform any obligation under this Agreement shall not operate as a waiver or release from any of its obligations under this Agreement. Consent by the City to any act or omission by Owner shall not be construed to be consent to any other or subsequent act or omission or to waive the requirement for the City's written consent to future waivers. 6.16 Severability. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining portions of this Agreement shall not in any way be affected or impaired thereby. 6.17 Multiple Originals, Counterparts. This Agreement may be executed in multiple originals, each of which is deemed to be an original, and may be signed in counterparts. 6.18 CMFA Re ug latory Agreement. The parties hereto acknowledge that the Owner and California Municipal Finance Authority are entering into that certain Regulatory Agreement and Declaration of Restrictive Covenants (the "CMFA Regulatory Agreement") with respect to the Property and the issuance of tax-exempt financing and further agree that as long as the CMFA Regulatory Agreement is in effect, to the extent of any conflicting provisions between the CMFA Regulatory Agreement and this Agreement, the CMFA Regulatory Agreement shall control, provided, however, , the fact that this Agreement and the CMFA Regulatory Agreement provide for greater, lesser or different obligations or requirements shall not be deemed a conflict unless the applicable provisions are inconsistent and could not be simultaneously enforced or performed. REV: 01-19-2022 SK [Signature Page Follows] ATTY/AGR.2022.005/GS HIP 1304 ECR, LP (Page 18 of 23)