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Res 2017-135/approving an Assignment and Assumption of License Agreement that assigns the license agreement with Carma Paso Robles, LLC
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Res 2017-135/approving an Assignment and Assumption of License Agreement that assigns the license agreement with Carma Paso Robles, LLC
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12/28/2017 10:23:01 AM
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10/5/2017 10:54:30 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-135
Date
10/2/2017
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the insolvency or lack of corporate authority of Assignee; and waiver, release, or election, <br />based on City's or Assignee's rights and obligations under the License Agreement and the <br />enforcement of its terms. <br />b. Guarantor's rights under chapter 43 of the Texas Civil Practice and <br />Remedies Code. <br />8. The prevailing party in any dispute arising out of this guaranty will be entitled to <br />recover reasonable attorney's fees. <br />9. Guarantor shall have the right to assign or transfer its rights or obligations under this <br />guaranty with the prior written consent of the City. <br />10. This guaranty shall continue in effect until such time that Guarantor no longer owns any <br />portion of the Development known as Kissing Tree located in San Marcos, Texas, more particularly <br />described under the Kissing Tree --Master Covenant recorded under Document 16036339 of the Official <br />Public Records of Hays County, Texas (the "Term"). <br />CARMA PASO ROBLES, LLC <br />a Texas Limited Liability Company <br />By. V <br />Name: <br />Title: C 1i�► /y (- U� 1-�I f� <br />STATE OF TEXAS <br />COUNTY OF TRAVIS <br />This instrument was acknowledged before me on the—Z day of Se r�Hh-s 2017, by <br />the Carp of Carma Paso Robles, LLC, a Texas <br />Limited Liability Company, on behalf of said company. <br />tary Public, State of Texas <br />Ck Notary Public, state of Texas <br />My Commission Expires <br />.,;E �r �,.`•' November 25, 2017 <br />WEST\278200210.2 <br />
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