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Resolution No. 2024-2 (466 Works)
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Resolution No. 2024-2 (466 Works)
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Dept of Community Investment
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<br /> <br /> <br /> 3 <br />“Event of Default” means any of the events described as an Event of Default in Section 6.1 <br />hereof. <br />“Loan” means the loan by the City to the Borrower pursuant to the terms of this Agreement. <br />“Mandatory Project Completion Date” means December 31, 2027, or as agreed to by the <br />Developer or the Redevelopment Commission pursuant to Section 3.3 of the Development <br />Agreement. <br />“Maturity Date” means December 31, 2027. <br />“Note” means the Borrower’s promissory note in the form attached as Exhibit A hereto, <br />which shall be unsecured. <br />“Notice Address” means: <br />As to the City: City of South Bend Department of Community <br />Investment <br />1400 S County-City Building <br />227 West Jefferson Boulevard <br />South Bend, IN 46601 <br />Attention: Executive Director <br /> <br />With a copy to: South Bend Legal Department <br /> 1200S County-City Building <br /> 227 West Jefferson Boulevard <br /> South Bend, IN 46601 <br /> Attn: Corporation Counsel <br /> <br />As to the Borrower: 466 Works Community Development Corporation <br /> 2043 South Bend Avenue, PMB 352 <br /> South Bend, IN 46637 <br /> Attn: _______________ <br />With a copy to: ______________________ <br /> ______________________ <br /> ______________________ <br /> Attn: _____________________ <br /> <br /> or such additional or different address, notice of which is given under Section 7.2 hereof. <br />“Ordinance” means Ordinance No._____ of the Common Council of the City adopted on <br />________ __, 2024, authorizing the Loan and the execution and delivery of this Agreement. <br />“Person” or words importing persons mean firms, associations, partnerships (including <br />without limitation, general and limited partnerships), limited liability companies, joint ventures,
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