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13. Benefit. This Agreement shall be binding upon the respective parties' successors • <br /> and assigns. <br /> 14. Effective Date. This Agreement shall become effective upon the execution of this <br /> Agreement by Escrow Agent and MCCF. This Agreement shall become effective as to each <br /> Member upon the date the Member signs the Agreement. <br /> 15. Notices to Escrow Agent and MCCF. All notices and other communications <br /> required or permitted by this Agreement shall be in writing and shall be deemed given to a party <br /> when sent by United States mail, delivered to the appropriate address by hand or by a nationally <br /> recognized overnight courier service(costs prepaid)or sent by facsimile or e-mail with confirmation <br /> of transmission by the transmitting equipment to the following addresses, facsimile numbers or e- <br /> mail addresses and marked to the attention of the person (by name or title) designated below or to <br /> such other address, facsimile number, e-mail address or person as a party may designate by notice <br /> to the other parties: <br /> TO: Minnesota Community Capital Fund <br /> Attention: Scott Martin <br /> 13911 Ridgedale Drive <br /> Suite 260 <br /> Minneapolis, MN 55305 <br /> (952) 541-9684(fax) <br /> • <br /> smartin(2I northlandinst.org <br /> TO: Wells Fargo Bank Minnesota,N.A. <br /> Attention: Stephen M. Vaillant, Vice President <br /> 230 West Superior Street <br /> P.O. Box 488 <br /> Duluth, MN 55801-0026 <br /> (218) 723-2660 (fax) <br /> TO: Member at the address, facsimile number, or e-mail address as is <br /> designated on the Loan Fund Escrow Agreement Signature Page. <br /> 16. Benefit - No Third Party Beneficiaries. This Agreement is entered into for the <br /> benefit of MCCF, Escrow Agent and the Members which sign this Agreement and their respective <br /> successors and assigns, and there are no third party beneficiaries. <br /> 17. Counterparts. This Agreement may be executed in counterparts, which, taken <br /> together, shall constitute one original. The parties agree that this Agreement may be transmitted <br /> among themselves by facsimile. The parties intend that faxed signatures constitute original <br /> signatures and a faxed Agreement or counterparts containing the signatures (original or faxed) is <br /> binding upon all the parties. <br /> 6 <br />