REPRESENTATIONS AND WARRANTIES 50. 13.1 Representations and Warranties of The City 50 13.2 Representations and Warranties of CSERELP 51 13.3 Representations and Warranties of the Development Manager 52 14.1 Dispute Notice 53 14.2 Negotiation 54 14.3 Expert Mediation 54 14.4 Commencement of Arbitration 55 14.5 Arbitration Procedure 56 127239/561718MTDOCS 47903177v12 THIS AGREEMENT made as of the 5th day of October, 2023 (the “Effective (hereinafter referred to as “The City”), - and - (hereinafter referred to as “CSERELP”), - and - (hereinafter referred to as the “Development Manager”)
REPRESENTATIONS AND WARRANTIES 50. Existence, Qualification and Power; Compliance with Laws 50 Section 6.2 Authorization; No Contravention 50 Section 6.3 Governmental Authorization; Other Consents 51 Section 6.4 Binding Effect 51 Section 6.5 Litigation 51 Section 6.6 No Default 51 Section 6.7 Indebtedness 51 Section 6.8 Insurance 51 Section 6.9 Taxes 51 Section 6.10 ERISA Compliance 51 Section 6.11 Margin Regulations; Investment Company Act; Public Utility Holding Company Act 52 Section 6.12 Disclosure 52 Section 6.13 Reserved 52 Section 6.14 Material Agreements; No Defaults; Customers and Suppliers 53 Section 6.15 Oral Agreements; Matters Not of Record 53 Section 6.16 Creation, Perfection and Priority of Liens 54 Section 6.17 Subsidiaries; Equity Interests 54 Section 6.18 No Agreements to Merge 54 Section 6.19 Labor Matters 54 Section 6.20 Brokerage Commissions 55 Section 6.21 Agreements with Affiliates 55 Section 6.22 Anti-Money Laundering and Anti-Terrorism Laws 55 Section 6.23 Anti-Bribery and Anti-Corruption Laws 55 Section 6.24 Financial Statements, Documents, Projections, Solvency and Other Information 56 Section 6.25 Cannabis Licenses and Core Business 57 Section 6.26 Compliance with Laws, Etc 58 Section 6.27 Environmental Matters 58 Section 6.28 Title to Properties 59 Section 6.29 Intellectual Property 59 Section 6.30 No Proposed Legislation 59
REPRESENTATIONS AND WARRANTIES 50. Representations and Warranties of the Borrower. 50 Article V COVENANTS OF THE BORROWER 53 SECTION 5.01. Affirmative Covenants. 53 SECTION 5.02. Negative Covenants. 57 Article VI EVENTS OF DEFAULT AND REMEDIES 58 SECTION 6.01. Events of Default. 58 SECTION 6.02. Remedies. 60 SECTION 6.03. Cash Collateral Account. 61 Article VII THE AGENT 61 SECTION 7.01. Authorization and Action. 61 SECTION 7.02. Administrative Agent’s Reliance, Etc. 62 SECTION 7.03. Bank of America and Affiliates. 62 SECTION 7.04. Lender Credit Decision. 62 SECTION 7.05. Indemnification. 63 SECTION 7.06. Successor Administrative Agent. 63 SECTION 7.07. Resignation of LC Issuing Banks. 64 SECTION 7.08. Trust Indenture Act. 65 SECTION 7.09. Recovery of Erroneous Payments. 65 Article VIII MISCELLANEOUS 66 SECTION 8.01. Amendments, Etc. 66 SECTION 8.02. Notices, Etc. 67 SECTION 8.03. No Waiver; Remedies. 67 SECTION 8.04. Costs and Expenses; Indemnification. 67 SECTION 8.05. Right of Set-off. 69 SECTION 8.06. Binding Effect. 69 SECTION 8.07. Assignments and Participations. 70 SECTION 8.08. Governing Law. 76 SECTION 8.09. Consent to Jurisdiction; Waiver of Jury Trial. 76 SECTION 8.10. Execution in Counterparts. 76 SECTION 8.11. Electronic Communications. 77 SECTION 8.12. Severability. 78 SECTION 8.13. Headings. 79 SECTION 8.14. USA PATRIOT Act Notice. 79 SECTION 8.15. Confidentiality. 79 SECTION 8.16. Entire Agreement. 80 SECTION 8.17. Texas Revolving Credit Statute. 80 SECTION 8.18. Interest Rate Limitation. 80 SECTION 8.19. No Fiduciary Duty. 81 SECTION 8.20. Amendment and Restatement of Existing Credit Agreement. 81 SECTION 8.21. Acknowledgment and Consent to Bail-In of Affected Financial Institutions. 82 SECTION 8.22. Certain ERISA Matters. 82 SECTION 8.23. Acknowledgement Regarding Any Supported QFCs. 83 Schedule I - List of Applicable Lending Offices Schedule II - Commitment Schedule Schedule III - Fronting Commitment Schedule Schedule IV - Existing Letters of Credit Exhibit A-1 - Form of Notice of Borrowing Exhibit A-2 - Form of Notice of Conversion Exhibit A-3 - Form of Request for Issuance Exhibit B - Form of Assignment and Assumption Exhibit C-1 - Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit C-2 - Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) Exhibit C-3 - Form of U.S. Tax Compliance Certificate (For Foreign Particip...
REPRESENTATIONS AND WARRANTIES 50. SECTION 4.1 Representations and Warranties of the SPV and the Initial Servicer 50
REPRESENTATIONS AND WARRANTIES 50. Section 13.1 Contractor 50 Section 13.2 Owner 51 Section 14.1 Confidentiality 52 Section 14.2 Publicity 53 Section 15.1 Dispute Resolution 53 Section 15.2 Governing Law and Venue 53 Section 15.3 Jury Trial Waiver 53 Section 15.4 Work to Continue 54 Section 16.1 Intellectual Property Rights; Work Product and Licenses 54 Section 16.2 Certification and Compliance with NDAA 54 Section 16.3 Notice 56 Section 16.4 Independent Engineer 57 Section 16.5 Independent Contractor 57 Section 16.6 No Rights in Third Parties 57 Section 16.7 Assignment 57 Section 16.8 Incorporation by Reference 58 Section 16.9 Entire Agreement 58 Section 16.10 Amendments 58 Section 16.11 Severability 58 Section 16.12 Drafting Ambiguities 58 Section 16.13 Right of Waiver 58 Section 16.14 Waiver of Breach 58 Section 16.15 Survival 59 Section 16.16 Effectiveness 59 Section 16.17 Further Assurances 59 Section 16.18 Conflicting Provisions 59 Section 16.19 Captions 59 Section 16.20 Counterparts 59 Section 16.21 Time of the Essence and Obligation to Act in Good Faith 59
REPRESENTATIONS AND WARRANTIES 50. Section 4.1 Existence; Power 50
REPRESENTATIONS AND WARRANTIES 50. Section 4.1 Representations and Warranties of the Borrower 50 ARTICLE V COVENANTS 57 Section 5.1 Affirmative Covenants 57 Section 5.2 Negative Covenants 63 ARTICLE VI EVENTS OF DEFAULT 66 Section 6.1 Events of Default 66 TABLE OF CONTENTS Section 6.2 Remedies 69 ARTICLE VII THE ADMINISTRATIVE AGENT 72 Section 7.1 Appointment; Nature of Relationship 72 Section 7.2 Powers 72 Section 7.3 General Immunity 72
REPRESENTATIONS AND WARRANTIES 50. Section 4.1 Representations and Warranties of the Borrower 50 Section 4.2 Representations and Warranties of the Performance Guarantor 56
REPRESENTATIONS AND WARRANTIES 50. Section 4.1. Representations and Warranties as to Borrower 50 Section 4.2. Representations and Warranties as to Each Property. 54 Section 4.3. Survival of Representations. 60
REPRESENTATIONS AND WARRANTIES 50. Section 4.1. Representations and Warranties of the Borrower 50
