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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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8/15/2023 9:54:53 AM
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City Clerk
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Agenda Packet
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Clerk of the Council
Item #
68
Date
6/21/2022
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<br /> <br />Subordination Agreement (City of Santa Ana) Form 6456 Page 14 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br /> [Crossroads at Washington] <br />4870-7010-6914v.2 0017787-000542 <br />15. Notices. <br /> Each notice, request, demand, consent, approval or other communication (hereinafter in this <br />Section referred to collectively as “notices” and referred to singly as a “notice”) which the Senior <br />Lender or the Subordinate Lender is required or permitted to give to the other party pursuant to this <br />Agreement shall be in writing and shall be deemed to have been duly and sufficiently given if: (a) <br />personally delivered with proof of delivery thereof (any notice so delivered shall be deemed to have <br />been received at the time so delivered); or (b) sent by Federal Express (or other similar national <br />overnight courier) designating early morning delivery (any notice so delivered shall be deemed to <br />have been received on the next Business Day following receipt by the courier); or (c) sent by United <br />States registered or certified mail, return receipt requested, postage prepaid, at a post office regularly <br />maintained by the United States Postal Service (any notice so sent shall be deemed to have been <br />received two days after mailing in the United States), addressed to the respective parties as follows: <br />SENIOR LENDER (prior to the Conversion Date): <br /> <br />U.S. Bank National Association <br />1307 Washington Avenue <br />Suite 300 <br />St. Louis, Missouri 63103 <br />Attention: Director of LIHTC Asset Management <br />With a copy to: <br />California Community Reinvestment Corporation <br />100 W. Broadway <br />Suite 1000 <br />Glendale, California 91210 <br />Attention: President <br />SENIOR LENDER (from and after the Conversion Date): <br /> <br />California Community Reinvestment Corporation <br />100 W. Broadway <br />Suite 1000 <br />Glendale, California 91210 <br />Attention: President <br />SUBORDINATE LENDER: <br /> <br />City of Santa Ana <br />City Manager <br />20 Civic Center Plaza <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />EXHIBIT 7
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