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CC PACKET 10131987
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CC PACKET 10131987
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Last modified
12/30/2015 4:25:06 PM
Creation date
12/30/2015 4:24:27 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 10131987
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(g) : consent to or .-.waive any breach oft or .any act, <br /> omission or defaul.t. .under, .the Redevelopment .Contract•., <br /> 4 .. No .invalidity, irregularity or .unenf.orceability of <br /> all or any -part of -the -Guarantied Obligations or of any <br /> security therefor. or .other recourse with respect. .thereto 'shal-1 <br /> affect, impair or be a defense to this Guaranty and this <br /> Guaranty is., a primary obligation of the Guarantor . <br /> 5 . If and to, the extent that the Guarantor makes any <br /> payment to _HRA .or to any other person pursuant to or in respect <br /> of this Guaranty, any claim which the Guarantor may have <br /> against Redeveloper by reason thereof, whether by right- of <br /> subrogation or otherwise, shall be subject and subordinate as <br /> to.- lien, time of payment and in all other respects to the prior <br /> payment in full of all of ,the Guarantied Obligations and all • <br /> other obligations of Redeveloper to HRA. - <br /> 6 . Notwithstanding any other term or provision <br /> hereof, if claim is-: ever made upon HRA for repayment or <br /> recovery of any amount or amounts received by it from <br /> Redeveloper or any other claimant (excluding the Guarantor) in <br /> payment of or on account of any of the Guarantied Obligations <br /> and HRA is required to repay all or any part of said amount by <br /> .reason of. (i) any judgment, decree or order of any court or <br /> administrative body having jurisdiction over. -HRA or any of - its <br /> property, or (ii) any settlement or compromise. of -any such <br /> claim eff:ected by HRA with any such .claimant ( including <br /> -4- <br /> " I <br />
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