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MIDPEN HOUSING CORPORATION 13-1174C
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MIDPEN HOUSING CORPORATION 13-1174C
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6/28/2017 3:53:07 PM
Creation date
12/19/2013 4:40:39 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
11/5/2013
LONG TERM AGREEMENTS - NAME
MIDPEN HOUSING CORPORATION
LONG TERM AGREEMENTS - TYPE
DEVELOPMENTAGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
20 YR
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Section 15.9 Severability. Wherever possible, each provision of this Agreement shall <br /> be interpreted in such a manner as to be effective and valid under applicable law. If, however, <br /> any provision of this Agreement shall be prohibited by or invalid under applicable law, such <br /> provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating <br /> the remainder of such provision or the remaining provisions of this Agreement. <br /> Section 15.10 Counterparts. This Agreement may be executed in counterparts, each of <br /> which, when this Agreement shall have been signed by all the parties hereto, shall be deemed to <br /> be an original, and such counterparts shall constitute one and the same instrument. <br /> Section 15.11 Amendments to this Agreement. The Developer and the City agree to <br /> mutually consider reasonable requests for amendments to this Agreement which may be made by <br /> either of the parties hereto,the Qualified Tax Credit Investor or a lender, provided such requests <br /> would not substantially alter the basic business terms included herein. The shall <br /> have the authority to approve, on behalf of the City, amendments to this Agreement that would <br /> not substantially alter the basic business terms or substantially increase the cost or risk of this <br /> Agreement to the City. The shall have the authority, on behalf of the City,to <br /> approve extensions of time in Developer's performance under this Agreement, including, but not <br /> limited to, times of performance set forth in the Schedule of Performance, for a cumulative <br /> period of up to three (3) years. <br /> 191\52\1242198 13 <br />
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