City’s Notice. City Representative shall have ten (10) business days after receipt of Developer’s notification in which to notify Developer whether or not it elects to cure or remove any of the disapproved exceptions of which City Representative receives timely notice. City Representative’s failure to so notify Developer shall constitute City Representative’s election to not remove all such exceptions. City Representative shall remove all exceptions it elects to remove on or before the Closing Date.
City’s Notice. Filings Related to Lease for SEC Rule 15c2-12. In connection with the City’s compliance with any continuing disclosure undertakings (each, a “Continuing Disclosure Undertaking”) entered into by the City on and after February 27, 2019, pursuant to SEC Rule 15c2-12 promulgated pursuant to the Securities and Exchange Act of 1934, as amended (the “Rule”), the Lender acknowledges that the City may be required to file with EMMA notice that the City has incurred obligations under this Lease and notice of certain subsequent events reflecting financial difficulties in connection with this Lease. The City agrees that it shall not file or submit, or permit to be filed or submitted, with EMMA any documentation that includes the following unredacted sensitive or confidential information about the Lender or its affiliates: address and account information of the Lender or its affiliate, e-mail addresses, telephone numbers, fax numbers, names and signatures of officers, employees and signatories of the Lender or its affiliates, or any account information for any related escrow agreement, unless otherwise required for compliance with the Rule or otherwise required by law. The City acknowledge that the Lender is not responsible for the City’s compliance or noncompliance with the Rule or any Continuing Disclosure Undertaking.
