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07 120312 SA HA WASHINGTON Pl BLA - Attach 3
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07 120312 SA HA WASHINGTON Pl BLA - Attach 3
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Last modified
3/13/2013 4:11:37 PM
Creation date
3/7/2013 5:41:10 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Date
12/3/2012
Destruction Year
2017
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Section 10.7. Publicity. The Funding Lender and the Servicer (and any Affiliates of either <br />party) shall have the right to issue press releases, advertisements and other promotional materials <br />describing the Funding Lender's or the Servicer's participation in the making of the Borrower Loan or the <br />Borrower Loan's inclusion in any Secondary Market Transaction effectuated by the Funding Lender or <br />the Servicer or one of its or their Affiliates. All news releases, publicity or advertising by the Borrower or <br />its Affiliates through any media intended to reach the general public, which refers to the Borrower Loan <br />Documents or the Funding Loan Documents, the Borrower Loan, the Funding Lender or the Servicer in a <br />Secondary Market Transaction, shall be subject to the prior Written Consent of the Funding Lender or the <br />Servicer, as applicable. <br />Section 10.8. Construction of Documents. The parties hereto acknowledge that they were <br />represented by counsel in connection with the negotiation and drafting of the Borrower Loan Documents <br />and the Funding Loan Documents and that the Borrower Loan Documents and the Funding Loan <br />Documents shall not be subject to the principle of construing their meaning against the party that drafted <br />them. <br />Section 10.9. No Third Party Beneficiaries. The Borrower Loan Documents and the Funding <br />Loan Documents are solely for the benefit of the Governmental Lender, the Funding Lender, the Servicer <br />and the Borrower and, with respect to Sections 9.1.3 and 9.1.4 hereof, the Underwriter Group, and <br />nothing contained in any Borrower Loan Document shall be deemed to confer upon anyone other than the <br />Governmental Lender, the Funding Lender, the Servicer, and the Borrower any right to insist upon or to <br />enforce the performance or observance of any of the obligations contained therein. <br />Section 10.10. Assignment. The Borrower Loan, the Security Instrument, the Borrower Loan <br />Documents and the Funding Loan Documents and all Funding Lender's or Fiscal Agent's rights, title, <br />obligations and interests therein may be assigned by the Funding Lender or the Fiscal Agent, as <br />appropriate, at any time in its sole discretion, whether by operation of law (pursuant to a merger or other <br />successor in interest) or otherwise. Upon such assignment, all references to Funding Lender or the Fiscal <br />Agent, as appropriate, in this Borrower Loan Agreement and in any Borrower Loan Document shall be <br />deemed to refer to such assignee or successor in interest and such assignee or successor in interest shall <br />thereafter stand in the place of the Funding Lender or the Fiscal Agent, as appropriate. The Borrower <br />shall accord full recognition to any such assig~rlment, and all rights and remedies of Funding Lender in <br />connection with the interest so assigned shall be as fully enforceable by such assignee as they were by <br />Funding Lender before such assignment. In connection with any proposed assignment, Funding Lender <br />may disclose to the proposed assignee any information that the Borrower has delivered, or caused to be <br />delivered, to Funding Lender with reference to the Borrower, General Partner, Guarantor or any Affiliate, <br />or the Project, including information that the Borrower is required to deliver to Funding Lender pursuant <br />to this Borrower Loan Agreement, provided that such proposed assignee agrees to treat such information <br />as confidential. 'The Borrower may not assign its rights, interests or obligations under this Borrower <br />Loan Agreement or under any of the Borrower Loan Documents or Funding Loan Documents, or the <br />Borrower's interest in any moneys to be disbursed or advanced hereunder, except only as may be <br />expressly permitted hereby. <br />Section 10.11. [Intentionally Omitted]. <br />Section 10.12. Governmental Lender, Funding Lender and Servicer Not in Control; No <br />Partnership. None of the covenants or other provisions contained in this Borrower Loan Agreement <br />shall, or shall be deemed to, give the Governmental Lender, the Funding Lender, the Fiscal Agent or the <br />Servicer the right or power to exercise control over the affairs or management of the Borrower, the power <br />of the Gover~llnental Lender, the Funding Lender, the Fiscal Agent and the Servicer being limited to the <br />rights to exercise the remedies referred to in the Borrower Loan Documents and the Funding Loan <br />C:1UsersltadlDesktoplSanta Ana HA Washington Place 6 $ <br />BLA.doc <br />DRAFT 11/28/12 8:41AM <br />
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