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PRUDENTIAL 1996 - HACIENDA PARK MITIGATION
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PRUDENTIAL 1996 - HACIENDA PARK MITIGATION
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10/29/2007 3:05:02 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
9/27/1996
LONG TERM AGREEMENTS - NAME
PRUDENTIAL
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
MITIGATION AGREEMENT
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2.4 Future Refunds/Credits. Following the date of this Agreement, any refunds or credits <br />issued in connection with the those properties listed in Exhibit 6 shall be handled as <br />follows: <br />2.4.1 Dublin Reimbursements. Any refunds payable in connection with the Dublin <br />Reimbursement Agreement for those properties listed in Exhibit 6 shall be paid <br />directly to Prudential via wire transfer pursuant to the wiring instructions set forth <br />in Section 2.5. If credits are given in connection with the Dublin Reimbursement <br />Agreement, the City shall give written notice of such proposed credit to Prudential <br />as soon possible, but in no event less than sixty (60) days prior to the date such <br />credit would occur, at the address for notices set forth in Section 2.6. <br />2.4.2 NPID No. 1 and No. 3. Any future refunds payble in connection with the NPID No. <br />1 and NPID No. 3 (collectively, "Future NPID Refunds") for those properties listed <br />in Exhibit 6 shall be paid directly to Prudential via wire transfer pursuant to the <br />wiring instructions set forth in Section 2.5. If credits are given in connection with <br />the Future NPID Refunds, the City shall give written notice of such proposed <br />credit to Prudential as soon possible, but in no event less than sixty (60) days <br />prior to the date such credit would occur, at the address for notices set forth in <br />Section 2.6. <br />2.4.3 Agreement to Record Memorandum. The City shall record a memorandum as to <br />those properties owned by Prudential as of the date of this Agreement which are <br />listed in Exhibit 6 ("Prudential Properties") which specifically requires all Future <br />NPID Refunds, including any which relate to the interest earned by the City on <br />NPID assessment payments invested by the City, to be paid directly to Prudential <br />via wire transfer pursuant to Section 2.5. <br />2.5 Wiring Instructions. Any funds payable to Prudential hereunder shall be wired to <br />Prudential pursuant to the following wiring instructions (which may be change at any time <br />with written notice to the City): <br />Morgan Guaranty Trust <br />Acct. No. 001-29-595 <br />ABA Routing # 021-000-238 <br />The Prudential Insurance Company of America <br />Corporate Account: General Account Portfolio <br />23 Wall Street <br />New York, New York 10019 <br />G.A. 731 <br />2.6 Address for Notices. Prudential's address for notices shall be as follows: (subject to <br />change at any time with written notice to the City): <br />The Prudential Insurance Company of Amercia <br />2029 Century Park East, Suite 2050 <br />Los Angeles, CA 90067 <br />Attention: Hacienda Business Park <br />9/16/96 Park Mitigation Agreement 3 <br />
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