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NORTH HARBOR HOUSING PARTNERS, LP (CO JAMBOREE HOUSING CORPORATION)
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NORTH HARBOR HOUSING PARTNERS, LP (CO JAMBOREE HOUSING CORPORATION)
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Last modified
11/9/2023 2:27:33 PM
Creation date
11/9/2023 2:17:01 PM
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Contracts
Company Name
NORTH HARBOR HOUSING PARTNERS, LP (CO JAMBOREE HOUSING CORPORATION)
Contract #
A-2021-054-02
Agency
Community Development
Council Approval Date
4/20/2021
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JOINDER BY SUBORDINATE LENDER <br />(U.S. BANK NATIONAL ASSOCIATION) <br />The undersigned, U.S. BANK NATIONAL ASSOCIATION, ("U.S. Bank") as successor by <br />merger to MUFG UNION BANK, N.A., a national banking association ("Union Bank"), hereby <br />acknowledges; <br />1. Union Bank, North Harbor Housing Partners LP, a California limited partnership <br />("Borrower"), and JPMorgan Chase Bank, N.A. ("Chase") executed that certain <br />Subordination Agreement dated as of March 1, 2021 and recorded on April 1, 2021 in the <br />Official Records of Orange County, California as Document No. 2021000224392 <br />("Subordination Agreement'). <br />2. Chase and Borrower, pursuant to the attached Modification Agreement, have agreed to <br />make certain modifications to the senior loan referred to therein ("Loan"). <br />3. U.S. Bank reacknowledges and reaffirms all of the terms and obligations contained in said <br />Subordination Agreement, consents to the covenants, agreements and terms of the attached <br />Modification Agreement and confirms that the terms and obligations of the Subordination <br />Agreement continue to apply to the Loan, as modified and increased pursuant to the <br />Modification Agreement. <br />U.S. BANK NATIONAL ASSOCIATION <br />By: _ <br />Name: <br />Title: <br />4877-2583-3588, v. 8 <br />
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