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R98-41 AUTHORIZING LOAN AGREEMENT
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R98-41 AUTHORIZING LOAN AGREEMENT
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Last modified
4/12/2016 11:58:02 AM
Creation date
4/12/2016 11:58:00 AM
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Resolution/Ordinance
Res Ord Num
R98-41
Res Ord Title
AUTHORIZING LOAN AGREEMENT - ONE MAIN PLACE
Approved Date
3/30/1998
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i <br /> ra , `.• <br /> -14- <br /> insured at all times in reasonable amounts with responsible <br /> insurance carriers against liability on account of damage to <br /> persons or property and under all applicable worker's <br /> compensation laws; (c) promptly deliver to Decatur certificates <br /> of insurance or any of those insurance policies required to be <br /> carried by Cardwell pursuant hereto, with appropriate <br /> endorsements designating Decatur as a named insured, mortgagee <br /> and loss payee as requested by Decatur; and (d) cause each such <br /> insurance policy to contain a notice of cancellation provisions <br /> satisfactory to Decatur. <br /> 5. 5 Litictation. Promptly notify Decatur in writing as soon <br /> as Cardwell has received notice of any litigation covering One <br /> Main Place the adverse outcome of which may materially and <br /> adversely affect the financial condition of One Main Place or <br /> which involve more than $50, 000. 00 whether or not adequately <br /> covered by insurance, or which questions the validity of this <br /> Agreement, the Note, or the Additional Documents, or any action <br /> taken or to be taken pursuant to the foregoing; and furnish or <br /> cause to be furnished to Decatur such information regarding the <br /> same as Decatur may request. <br /> 5. 6 Records and Rights to Inspect. Keep and maintain <br /> proper books, records and other documents in accordance with <br /> generally accepted accounting principles consistently applied; <br /> permit Decatur at all reasonable times, to have access to, and <br /> the right to inspect, copy, audit and examine, all such books and <br />
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