12-13-2021 FINAL Packet - Laserfiche WebLink

Home Browse Search

2 PRELIMINARY STATEMENT AND GRANTING CLAUSES In consideration of the premises, the provision of the proceeds of the Series 2022 Bonds to the Corporation for the purpose of funding the Project, and of other good and valuable consideration, the receipt of which is hereby acknowledged, including without limitation, representations, warranties and commitments given by the Corporation to the Issuer and the Building Corporation hereunder, the receipt of which is hereby acknowledged, the Building Corporation has executed and delivered this Financing Agreement and by these presents does assign, grant, and warrant and grant a security interest in, to the Issuer and its successors and assigns forever, all right title and interest of the Building Corporation in the Lease, including the Lease Rentals. TO HAVE AND HOLD all and singular, the above described property (the “Security”), whether now owned or hereafter acquired, unto the Issuer, its successors and assigns forever, provided, however, that upon the payment of all of the principal of and interest on the Bonds and the Corporation and the Building Corporation shall keep, perform and observe all and singular the covenants and promises expressed herein to be kept, performed and observed by the Corporation and the Building Corporation, then this Financing Agreement and the rights hereby granted shall cease, determine and be void; otherwise to remain in full force and effect. The Issuer, the Building Corporation and the Corporation hereby further covenant and agree as follows: