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Res 2006-035
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Res 2006-035
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Last modified
8/2/2006 10:34:15 AM
Creation date
8/2/2006 10:18:33 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-35
Date
2/21/2006
Volume Book
166
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<br />I <br /> <br />27.8 Revoking this Guaranty. The Guarantor may revoke this Guaranty as to <br />future transactions at any time by written notice to us, effective two <br />Business Days after we receive the written notice revoking the Guaranty, <br />or any earlier time that we stop processing new transactions for you after <br />receipt of the revocation notice, provided the Guarantor renounces any <br />consideration given in return for the Guaranty of those future transactions. <br />The Guarantor is obligated on all Obligations relating to services extended <br />by us to you before the revocation becomes effective. Any revocation will <br />not affect the Guarantor's obligation for any transactions that preceded the <br />effective time of the revocation, and the Guarantor will remain obligated <br />on all Obligations related to these transactions, even if those Obligations <br />before or after the revocation have been renewed or modified If this <br />Guaranty is revoked, and we later must refund or rescind a payment, or <br />transfer an interest in property back to you, relating to Obligations before <br />the revocation, this Guaranty will be reinstated as to that payment or <br />interest <br /> <br />27.9 Enforcing this Guaranty. California law governs this Guaranty, and we <br />may sue the Guarantor in any court in California. We may delay or waive <br />exercising or enforcing any of our rights, including our rights of set-off <br />and lien, without losing them. These rights continue until we waive them <br />in writing. <br /> <br />I <br /> <br />27 <br /> <br />I <br />
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