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Res 1978-055
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Res 1978-055
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8/18/2008 3:57:25 PM
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8/18/2008 3:57:25 PM
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City Clerk
City Clerk - Document
Resolutions
Number
1978-55
Date
7/3/1978
Volume Book
49
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<br />f. As long as the Note is held by the Government, the Grantee/ <br />Borrower shall not dispose of its title to the Project or to <br />any useful part thereof, without first obtaining the written <br />consent of the Government. <br /> <br />g. This Agreement is not for the benefit of third parties, <br />including the holders in due course from time to time of the <br />Note and the Government shall be under no obligation to any <br />such parties, whether or not indirectly interested in said <br />Agreement to pay any charges or expenses incident to compliance <br />by the Borrower with any of its duties or obligations thereunder. <br /> <br />h. To the extent of its interest in the outstanding principal <br />amount of the Note and the accrued interest thereon the <br />Government shall have a lien on the net revenues of the Project <br />in addition to such other security as is specified in this Agreement. <br /> <br />- 12 - <br /> <br />~ <br /> <br />I <br /> <br />Ii <br />
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