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11-25-2019
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11-25-2019
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Last modified
1/29/2025 9:16:35 AM
Creation date
1/29/2020 1:23:30 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
11/4/2019
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
11/4/2019
EDA Document Type
Council Packets
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13 <br />Mounds View Loan Servicing Contract #3084 <br />621273v5MU205-13 <br />30. Records <br />Except to the extent otherwise required by Applicable Law, CEE shall retain all records relating <br />to a Client Loan for at least one (1) year following termination of this Agreement or one (1) year <br />from maturity or payoff of a Client Loan unless such documentation is requested by and delivered <br />to Client at an earlier date. The records will be maintained in either hard copy or machine- <br />readable (electronic) format. In the event CEE is no longer in existence, its successor shall <br />continue to retain such records as provided above or deliver the records to Client. <br /> <br />31. Deconversion <br />In the event of termination of this Agreement, CEE will continue to service all existing Client <br />Loans at the time of termination, at the fees in place at the time of termination. If Client desires to <br />transfer the duties under this Agreement to a new servicer, CEE agrees to provide Client with <br />electronic copies of the Client Loan records in CEE’s standard format at the current rate being <br />charge on a per loan charge by CEE, as well as any additional time charged on a per hour basis. <br />IN WITNESS WHEREOF, the parties have executed this Agreement as of the date written below. <br />CENTER FOR ENERGY AND <br />ENVIRONMENT <br /> <br /> <br />By _____________________________ <br />[Insert Name] <br />Its: ____________________________ <br /> <br />MOUNDS VIEW EDA <br /> <br /> <br /> <br />By _____________________________ <br />[Insert Name] <br />Its: ____________________________ <br /> <br />By _____________________________ <br />[Insert Name] <br />Its: ____________________________ <br /> <br />
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