HomeMy WebLinkAbout0931 NOW, THEKEFORE, in consideration of the Loan, and intendir.q
to be legally bound, Borrower and tt~e Other Weston Fntities do
herPby covenant, agree, ~arrant, represent, assiqn, set over and
transfer as set forth herein.
1. The items which shall be the subject of this Assiynment,
and which are sometimes collectively referred to as "Additional
Collateral" are as Eollows:
~ (a) All lice~ses, permits, approvals, certificates and
agreements with or from all boards, agencies, departments, govern-
mental or otherwise, relatinq directly or indirectly to the owner-
ship, use, operation and maintenance of the Property, or the con-
struction of development improve~nents on the Property, whether
heretofore or hereafter issued or executed (collective-ly, the
"Licenses"), said boards, agencies, departrnents, governmental or
otherwise being hereinafter collectively referred ~o as "Govern-
mental Authorities".
(b) All contracts, subcontracts, agreements, service
agreements, warranties and purchase orders which have heretofore
been or will hereinafter be executed by or on behalf of Borrower
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and the Other Weston Entities, or which have been assigned to
Borrower and the Other Weston Entities, in connecti~~n with the
;
; use, operation and maintenance of the Property, or the
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` construction of develop:nent and land preparation and/or above
s
( qround improvements on the Property (collectively, the
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~ "Contracts"), and the parties with whom or to who?n such Contracts
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~ have been or are given are hereinafter collectively reFerred to as
~ the "Contractors".
~ (c) All contracts and agreements which have heretofore ~
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~ been or will hereafter be executed by or on behalf of Borrower and ~
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the Othe.r tAeston Entities in conr.ection with the salry of any lot,
` unit or ~ortion of the Property (c~llectively, the "Sales
Agreemer.ts"), and the parties with whom or to whom the Sales
ti
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