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5.1. EDSR 07-16-2018
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5.1. EDSR 07-16-2018
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7/12/2018 4:12:10 PM
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7/12/2018 4:04:11 PM
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City Government
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EDSR
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7/16/2018
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<br />10 <br />491713v1 EL185-46 <br />agrees that if it does not receive the reports, it will mail the Borrower a warning within <br />one week of the required filing date. If within 14 days of the post marked date of the <br />warning the reports are not made, the Borrower agrees to pay to the Lender a penalty of <br />$100 for each subsequent day until the report is filed up to a maximum of $1,000. <br /> <br />(d) The Borrower agrees that it will continue operations in the City for at least <br />5 years after the date of closing on the Loan. If the Borrower relocates operations outside <br />of the City at any time prior to the maturity date of the Loan, the Loan shall be <br />immediately due and payable in full. <br /> <br />(e) Other than the loan provided pursuant to this Agreement, there are no <br />other state or local government agencies providing financial assistance for the project. <br /> <br />(f) There is no parent corporation of the Borrower. <br /> <br />[Signature Pages follow]
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