Laserfiche WebLink
any security interest, lien or encumbrance securing this Note or any other action which Issuer <br /> may have taken in reliance upon its receipt of such payment. Any cancellation, release or other <br /> such action shall be deemed to have been conditioned upon any payment of the obligations <br /> evidenced hereby having become final and irrevocable. <br /> 30. Captions. The captions or headings herein have been inserted solely for the <br /> convenience of reference and in no way define or limit the scope, intent or substance of any <br /> provision of this Note. Whenever the context requires or permits the singular shall include the <br /> plural, the plural shall include the singular and the masculine, feminine and neuter shall be freely <br /> interchangeable. <br /> 31. Issuer Determinations. Issuer, pursuant to the terms and provisions of the <br /> Construction Loan Agreement, shall assign its rights and title to the loan evidenced by this Note <br /> to Bondholder who will administer such loan. Notwithstanding anything contained in any Loan <br /> Document to the contrary and by acceptance of this Note, Issuer acknowledges and agrees that <br /> any determinations, discretionary actions, approvals, consents, discretionary decisions or waivers <br /> to be made by Issuer pursuant to the Loan Documents shall not be made without written <br /> direction from Bondholder. Notwithstanding anything contained in any Loan Document to the <br /> contrary, Borrower hereby acknowledges and agrees that any determinations, discretionary <br /> actions, approvals, consents, discretionary decisions or waivers made by Issuer that are not <br /> accompanied by a written direction from Bondholder shall be void and have no force and effect <br /> unless and until accompanied by a written direction from Bondholder. <br /> [the remainder of this page is intentionally left blank, <br /> see following page for signatures of parties] <br /> 13 <br />