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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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� W j <br /> • Redeveloper) , then and-': in - such' event the Guarantor agrees that.. <br /> any.such' judgment., -decree., order, settlement oar-,compromise <br /> shall be, .binding- upon the Guarantor, and. the Guarantor shall --be <br /> and remain liable to HRA- hereunder for the - amount so repaid or <br /> recovered to the same- extent as if such amount had never <br /> original,ly been received by HRA. <br /> 7 . , Any acknowledgment or new promise, whether made by <br /> Redeveloper or .others ( including the Guarantor). with respect to <br /> any of the Guarantied Obligations shall , if the statute of <br /> limitations in favor , of the Guarantor against HRA shall have <br /> commenced to run, . toll the running of such statute of <br /> limitations and, if the period of such statute of limitations <br /> shall have _expired, ,, prevent the operation- of such statute of <br /> • limitations with respect to such promise. <br /> 8. Until the..Guarantied Obligations and this Guaranty <br /> are fully performed, .the -Guarantor ' s obligations hereunder <br /> - shall not be.- released', in whole or in part, by any action ,or <br /> thing which might , but for this provision of this Guaranty, be <br /> deemed a ' legal or equitable discharge of- a surety o-r guarantor, <br /> or by reason of any waiver, extension, modification, <br /> forbearance or delay or other act or omission of HRA or its <br /> failure to. proceed promptly or otherwise, or by reason of any <br /> action taken or omitted . by . HRA whether or not such action or <br /> failure to act 'varies. or increases the risk of , or affects the . <br /> rights or remedies. of the Guarantor, nor shall any modification <br /> -5- <br />
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