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Res 2007-183
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Res 2007-183
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Last modified
6/17/2008 3:59:32 PM
Creation date
10/18/2007 10:14:04 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Amendment
Number
2007-183
Date
10/16/2007
Volume Book
173
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hereunder, as the case may be, (b} that this Lease is unmodified and in full force and effect (or if <br />there have been any modifiications, that the same is in full force and effect as modified and <br />stating the modifications), (c) the dates to which the Base Rent and any other charges have been <br />paid, and (d) that, to the then current actual knowledge, without independent investigation of <br />Lessor or Lessee, as the case may be, no default hereunder on the part of the other Party exists <br />(except that if any such default does exist, the certifying Party shall specify such default). <br />12.3 Release. If requested by Lessor, Lessee shall, upon termination of this Lease, <br />execute and deliver to Lessor an appropriate release, in form proper for recording, of all Lessee's <br />interest in the Leased Premises, and Lessor is hereby granted an irrevocable power of attorney, <br />which is coupled with an interest, to execute such release if Lessee fails to do so within ten (10) <br />days of Lessor's request. Upon request of Lessee, i,essor will execute and deliver a written <br />cancellation and termination of this Lease and release of all claims (if none are then outstanding) <br />in proper form for recording to the extent such release is appropriate under the provisions hereof. <br />12.4 Interest on Past Due Amounts. Should Lessee fail to pay any amounts due to the <br />Lessor hereunder when due, same shall bear interest from the date due until the date of payment <br />at the lesser of twelve percent (12%) per annum or the highest rate allowed by applicable law. <br />For purposes of determining the highest rate allowed by law, should Chapter 303 of the 'Texas <br />Finance Code ever be deemed to apply to any such amounts, it is expressly agreed that the <br />interest ceiling will be the "weekly ceiling" as defined in the Texas Finance Code, provided that <br />if any applicable law permits a greater rate of interest, the law permitting the greatest rate of <br />interest shall apply. <br />12.5 Notices. All payments required to be made by Lessee must be paid to Lessor at <br />the address set forth below. All notices, demands, and other communications required to be <br />given ox made hereunder shall be in writing and shall be duly given if delivered by hand, <br />messenger, facsimile or reputable overnight courier or if mailed by certified or registered mail, <br />first class postage prepaid, to the respective parties hereto at the addresses set forth below, or to <br />such other address furnished in writing to the other party hereto, and shall be deemed received <br />upon the earlier of (i) actual receipt and (ii) (whether or not actually received) four (4) days aftex <br />such mailing or upon receipt of confirmation of successful transmission of facsimile by the <br />transmitting facsimile,. <br />if to Lessee: JQH -San Marcos Development, LLC <br />a Missouri limited liability company <br />300 John Q. Hammons Parkway, Suite 900 <br />Springfield, Missouri 65806 <br />Fax (417) 873-3540 <br />With copies to: Debra Mallonee Shantz, General Counsel <br />John Q. Hammons Hotels & Resorts <br />300 John Q. Hammons Parkway, Suite 900 <br />Springfield, Missouri 65806 <br />Fax (417} 864-4300 <br />22 <br />2025904. I <br />
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