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7.2. EDSR 10-17-2022
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7.2. EDSR 10-17-2022
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10/14/2022 4:29:13 PM
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10/14/2022 4:24:34 PM
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City Government
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EDSR
date
10/17/2022
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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 />(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 />(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 />(f) There is no parent corporation of the Borrower. <br />[Signature Pages follow] <br />10 <br />491713vl EL185-46 <br />
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