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HOLMAN CAPITAL CORPORTAION
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Last modified
4/25/2018 3:29:45 PM
Creation date
4/25/2018 3:09:01 PM
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Contracts
Company Name
HOLMAN CAPITAL CORPORTAION
Contract #
A-2018-094
Agency
Finance & Management Services
Council Approval Date
4/3/2018
Expiration Date
7/3/2029
Destruction Year
2034
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EXHIBIT B <br />NOTICE AND ACKNOWLEDGEMENT OF SALE OF RENTAL PAYMENTS AND <br />ASSIGNMENT OF LEASE AGREEMENT AND ESCROW AGREEMENT <br />Holman Capital Corporation ("Lessor ") and the City of Santa Ana ("Lessee ") have entered into <br />an Equipment Lease -Purchase Agreement and Equipment Schedule thereto both dated April 6, 2018 (the <br />"Lease Agreement "), under which Lessee has, or will have prior to its execution hereof, leased equipment <br />(the "Equipment") described therein. <br />Lessee is hereby notified that Lessor has assigned its right, title, and interest in and to the Lease <br />Agreement, the leased Equipment, and the rental payments as permitted by the Lease Agreement <br />commensurate with the Commencement Date of the Lease Agreement. As such, at the time of funding, the <br />Assignee will step into the shoes of the Lessor and assumes all rights, benefits, privileges and obligations. <br />Lessee is hereby directed to pay any and all rental payments and other amounts due under the Lease <br />Agreement to Signature Public Funding Corp. and/or its affiliates, successors and/or assigns (the <br />"Assignee"), as directed by the Assignee or a paying agent acting on behalf of Assignee, pursuant to the <br />instructions contained in any invoice or notice. <br />By signing this Notice and Acknowledgment, Lessee agrees that it will pay all amounts due under <br />the Lease Agreement as directed in the invoice without any set-off or deduction whatsoever notwithstanding <br />any defect in, damage to or requisition of any of the Equipment leased under the Lease Agreement, any <br />other similar or dissimilar event, any defense, set-off, counterclaim or recoupment arising out of any claim <br />against Lessor or Assignee. <br />Lessee further acknowledges and agrees that Assignee has not made any warranties whatsoever as <br />to the Lease Agreement or the Equipment. Lessee agrees that no change may be made to the Lease <br />Agreement without the prior written consent of Assignee. <br />By signing this Notice and Acknowledgment, Lessee warrants that its representations and <br />warranties under the Lease Agreement are true and correct on the date hereof. <br />Date: April 6, 2018 CITY of SANTA ANA, as Lessee <br />C <br />By: �Xv ___ <br />Name: Raul Godinez II <br />Title: City Manager <br />
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