Laserfiche WebLink
Quint & Thimmig LLP <br />AFTER RECORDATION RETURN TO: <br />Quint & Thimmig LLP <br />900 Larkspur Landing Circle, Suite 270 <br />Larkspur, CA 94939 -1726 <br />Attention: Brian D. Quint, Esq. <br />05/28/14 <br />THIS TRANSACTION IS EXEMPT FROM CALIFORNIA DOCUMENTARY TRANSFER TAX <br />PURSUANT TO SECTION 11922 OF THE CALIFORNIA REVENUE AND TAXATION CODE. THIS <br />DOCUMENT IS EXEMPT FROM RECORDING FEES PURSUANT TO SECTION 27383 OF THE <br />CALIFORNIA GOVERNMENT CODE. <br />ASSIGNMENT AGREEMENT <br />(Compass Bank, an Alabama banking corporation) <br />For Value Received, the SANTA ANA FINANCING AUTHORITY (the "Authority ") <br />without recourse does hereby sell, assign and transfer to COMPASS BANK, an Alabama <br />banking corportion (the "Assignee "), and its successors and assigns, (i) a portion of its rights, <br />title and interest in and to the Lease Agreement, dated as of June 1, 2014, in the amounts shown <br />on Exhibit A attached hereto, a memorandum of which has been recorded concurrently <br />herewith, by and between the Authority, as sublessor, and the City of Santa Ana (the "City "), as <br />sublessee (said Lease Agreement and any supplements, amendments, annexations, extensions <br />or renewals thereof arereferred to hereinafter as the "Lease Agreement "), as well as its rights to <br />enforce payment of Lease Payments (as defined in the Lease Agreement) when due or <br />otherwise to protect its interests and exercise all remedies in the event of a default or <br />termination by the City under the Lease Agreement; provided that the Authority's rights to <br />indemnification and payment or reimbursement for any costs or expenses thereunder have been <br />retained by the Authority to the extent such rights accrue to the Authority and shall have been <br />assigned to the Assignee to the extent such rights accrue to the Assignee, (ii) except for the <br />Authority's obligation under Section 4 thereof, all of its rights, title and interest in and to the <br />Site and Facility Lease, dated as of June 1, 2014, which has been recorded concurrently herewith, <br />by and between the City, as lessor, and the Authority, as lessee (the "Site and Facility Lease "), <br />and (iii) all moneys, sums and amounts now due or hereinafter to become due under the Lease <br />Agreement. The Site and Facility Lease and the Lease Agreement delivered to the Assignee are <br />duly executed duplicate originals that comprise the entire writing, obligation and agreement <br />between the Authority and the City respecting the leases made thereunder and the lease <br />payments made therefor. <br />The Authority represents and warrants as follows: <br />(1) it has made no prior sale or assignment of any interest in the Site and Facility <br />Lease and the Lease Agreement; <br />(2) that the Lease Agreement and the Site and Facility Lease are genuine and in <br />all respects are what they purport to be; and <br />19014.10 <br />4 -97 <br />