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6B(1)&(2)
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02-27-14 Redevelopment Commission Meeting
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6B(1)&(2)
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11/6/2014 1:03:43 PM
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construction, maintenance, operation, repair, and replacement obligations contained in the <br />Easement with respect to the Common Facilities, except for certain items described in the <br />document entitled "Common Facilities Items Not in Good Condition or Repair," a copy of which <br />is attached hereto as Exhibit A. In accordance with Section 3(d) of the Easement, Undersigned <br />Party shall pay thirty percent (30%) of costs and expenses incurred by the Manager pursuant to <br />the Easement and the Management Agreement described in Section C of this Estoppel to operate, <br />maintain and repair the Common Facilities. To the extent the cost to correct the items listed in <br />Exhibit A is payable pursuant to the Easement and the Management Agreement, Undersigned <br />Party shall pay thirty percent (30%) of the same. The statement set forth in this Section B <br />specifically does not include any certification or representation as to the obligations contained in <br />the Easement as to the Property, or which and for which Undersigned Party has no knowledge <br />whatsoever. <br />C. The Common Facilities Management Agreement dated as of August 4, 2011 a <br />copy of which is attached hereto as Exhibit B constitutes the ":Management Agreement' <br />contemplated by the Easement, is in full force and effect, and satisfies all requirements of the <br />"Management Agreement" set forth in the Easement. <br />D. As of the date of this Estoppel and to Undersigned Party's best knowledge, the <br />use and operation of the Undersigned Party's property by Undersigned Patty is in full <br />compliance with the requirements of the Easement. <br />E. As of the date of this Estoppel and to the actual knowledge of the Undersigned <br />Party, based solely on day to day observations of the Common Facilities and without further <br />investigation, inspection or inquiry of any nature whatsoever, and in complete reliance upon the <br />appointment of a manager pursuant to the Management Agreement, the use and operation of the <br />Common Facilities by Jenna, Undersigned Party (as successor in interest to First Bank Center <br />Limited Partnership) and South Bend CAA4, LLC, a Delaware limited liability company, as <br />Manager, are in full compliance with the requirements of the Easement. <br />F. As of the date of this Estoppel and to Undersigned Party's best knowledge, <br />Undersigned Party has no right to claim or establish a Default Lien against any portion of the <br />Hotel Parcel, the Office Building Parcel or Common Facilities pursuant to the terms of the <br />Easement. <br />G. As of the date of this Estoppel, Undersigned Party has no actual notice of (without <br />inquiry or investigation of any nature whatsoever), any reason why Jenna has a right to claim or <br />establish a Default Lien against any portion of the Hotel Parcel, the Office Building Parcel or <br />Common Facilities pursuant to the terms of the Easement. <br />H. As of the date of this Estoppel and to Undersigned Party's best knowledge, <br />Undersigned Party is not in breach or default under the Easement and no event has occurred <br />2 <br />
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