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HOLMAN CAPITAL CORPORTAION
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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 I: <br />ESCROW DEPOSIT AGREEMENT <br />This ESCROW DEPOSIT AGREEMENT (this "Agreement") dated as of this 6th day of April, <br />2018 by and among SIGNATURE PUBLIC FUNDING CORP. ("Lessor"), a New York corporation, <br />having its primary address at 600 Washington Avenue, Suite 305, Towson, Maryland 21204, CITY OF <br />SANTA ANA ("Lessee"), a charter city and municipal corporation organized and existing under the <br />Constitution and laws of the State of California, having its primary office at 20 Civic Center Plaza, Santa <br />Ana, CA 92708 and SIGNATURE BANK (the "Escrow Agent'), a New York state -chartered commercial <br />bank and having an office at Signature Bank, 75 Holly Hill Lane, Greenwich, CT 06830. <br />WITNESSETH: <br />WHEREAS, Lessee and Lessor have entered into that certain Equipment Schedule No 001 dated <br />as of April 6, 2018 to that certain Equipment Lease -Purchase Agreement dated as of April 6, 2018 <br />(collectively and together with all other documents, certificates, exhibits and related documentation <br />therewith, collectively, the "Lease"); and <br />WHEREAS, the Lessor has made a loan to Lessee in the form of "Lease Proceeds," which are to <br />be used to pay various costs associated with the Lease and to acquire certain items of Equipment (as such <br />term is defined in the Lease); and <br />WHEREAS, Lessor and Lessee have agreed that all or a portion of the Lease ,Proceeds shall be <br />held in escrow upon certain terms and conditions; and <br />WHEREAS, Lessor and Lessee appoint the Escrow Agent as escrow agent of such escrow subject <br />to the terms and conditions set forth in this Agreement; and <br />WHEREAS, the Escrow Agent accepts such appointment as escrow agent subject to the terms and <br />conditions set forth in this Agreement. <br />NOW, THEREFORE, IT IS AGREED as follows: <br />L Delivery of Escrow Finds. <br />(a) Upon execution of the Lease and delivery of all documents and completion of all conditions <br />precedent in the Lease, the Lessor will deliver, or shall cause to be delivered, to the Escrow Agent checks, <br />internal transfers or wire transfers equal to the Initial Deposit Amount (as set forth on Schedule A hereto) <br />and made payable to "City of Santa Ana, Signature Bank as Escrow Agent' for the benefit of Lessor and <br />Lessee to be held in an account at Signature Bank entitled "City of Santa Ana Equipment Schedule 001, <br />Signature Bank, as Escrow Agent' having ABA No. 026013576, Account No. 1503106872 (the "Escrow <br />Account"). <br />(b) The Initial Deposit Amount that consists of good and indefeasible collected funds that are <br />
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