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Res 1998-101
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Last modified
4/23/2007 4:45:24 PM
Creation date
4/16/2007 2:56:15 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1998-101
Date
5/18/1998
Volume Book
133
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<br /> .10.14<:::.40:>.1:;):> r'.~..)/~..) <br /> PHI';'" UI';t:. ","UKr'. I KU~ I HJJI'\I~ <br /> l'iHr-¿d-l'j:;d 1::>:,,)1 <br /> 5.03 The Escrow Agent may appoint an agent to ~ercise any of the powers, rights or remedIes granted to the Escrow <br /> Agent under trlìs Agreement. to hold title to property or to take any other action which may be desirable or necessary hereunder. <br /> Section So ~d[71in~rdlti"'e Provis~qns. <br /> 6.01 The Escrow Agent shall Jœep complele and accurate records of all money received and disbursed under 1his <br /> Agreement. whicn snail be available for inspection by Lessee or Lessor, Or the agent of either of them, at any time during ragular <br /> business hours. <br /> 6.02 All written notices to be given under this Agntement shaM be given by mail to tl'!e party entitled thereto at its address <br /> set forth below. or at such addre9s as the carty may provide to the other patties hereto in writing from time to time. Any such notice <br /> shall be deemed to have been received three (3) days aftar deposit in the UJ'\ited States mail. wittl postage fully pre~aid. <br /> 6.03 This Agreement shall be c:onstr1Jed aMd governed in accordance with lhe laws oftha State of Lasses. <br /> 6.04 Aoy ¡:Jrovision of this Agreement four¡d to be prohibited by law ¡¡¡half be ineffective only to the extant of such <br /> prohibition. and shall not invalidate the remainder of this Agreement <br /> 6.05 This Agreement shall be binding upon and inure to the beneiit of the parties and their respective successors and <br /> assigns, Specifically. the 1erm wLS$Sor' a9 used herein means af1y perso!"l or entity to whom Lessor has assigned Its right to receive <br /> ~I!nt Payments under trle Lease and any other payments due to Lessof hereunder from and after the date when a wñtte., nolice <br /> of such usignmGf\t is filed with the Escrow Agent. <br /> 6.08 1ñis Agreement I'MY be simultaneously executed in several ccuntsf1:Iarts. each of whìch shall be an original and all <br /> of which shalt constitute but one a1'\d the same Agreement. <br /> 6.07 This Agreement snail termil"late upon cf.sbl.lrsement by the Escrow Agent of all money held by it hereunder. <br /> Section 7. Fscrow AgntF~. As oompef1satloC1 for Escrow Agent's services hereunder, Le~ee and/or Lessor agrees <br /> to pay escrow Agent its fee$ and expenses in acaorclat1ce with exl'\ibit A. Lessee authori~es Escrow Agef1t eìther to deduct said <br /> SeN\Ce fee from u,e inrerest and e9mlf\gs otherwìse payable to Lessee under this Agreement or to bill and collect said seNice. fee <br /> at the Ful'1ding Expiration Date. In addition, Lessee agrees to reimburse Escrow Agent for its reasonable out-of-poc:ket costs and <br /> expenses for performing its obligations tlefCIunder and to pay aU other amounts expreuly due and psyable to Escrow Age.,t <br /> herel.lndGr. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. <br /> Bank One Trust Company, NA <br /> ~:s~t" ~ <br /> ~ '00 East Broad Street, O1ì1-0181 <br /> irtie: c.l\'~"",+ 5ev-v~ ~ ~~~ Columbus, O"ic 49215 <br /> <br /> Bal\C. One Leasing Corporation <br /> r.L.essorj <br /> By: 1111 Polari$ Pal1cway, SufteA3 <br /> TItle: ..... Columbus, Ohio 43240 <br /> <br /> City of San Marcos <br /> ("teS$ee~ <br /> By: ~ /.I~ 630 E. Hopldns <br /> <br /> Title: ITY tlANAGER San Marcos, Ten:; 713666 <br /> ORIGINAL <br /> ESCAG~ ~ (4126/95) Page 4 <br /> TOTAL P.03 <br /> - <br />
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